1. Accounting and analytical support of management control over tax expenses and tax liabilities
- Author
-
M.F. Nagirniak
- Subjects
accounting ,tax accounting ,management control ,tax payments ,tax expenses ,management ,income tax ,Business ,HF5001-6182 - Abstract
The article analyses the system of economic operations related to tax expenses and tax liabilities of taxpayers and the role of accounting in their reflection. It is established that tax payments are an important phenomenon of economic activity of any enterprise that is a taxpayer and an object of reflection in accounting with the aim of identifying taxable objects and forming tax liabilities. The main substantive characteristics of the context of application of the term «tax accounting» under the Tax Code of Ukraine and approaches to accounting for tax-related business transactions are determined. The main instrument of accounting and analytical support of management control over tax payments is accounting based on the system of elements for recognising taxes under the Tax Code of Ukraine using all elements of its method. The conducted content analysis of the organisation of accounting for the accrual and payment of tax payments by taxpayers showed that it does not have any specific features compared to the reflection of other business transactions in the accounting system. At the same time, business transactions related to tax payments remain the objects of accounting and management accounting only, which should reflect: creation of taxable entities; accrual of tax liabilities; tax liabilities by sources of their coverage; allocation of tax liabilities to accounts payable in accordance with the accounts opened with the bodies that provide treasury services for budgetary funds; and payment of tax liabilities. The analysis of the methods of forming the company's profit according to the accounting rules and the provisions of the Tax Code of Ukraine in terms of corporate income tax showed the lack of their full synchronisation, but this does not require the creation of any additional business transactions, but only the need to change the estimated indicators previously reflected at the off-accounting level. Under such conditions, the accounting process of business transactions related to tax payments should be transferred from the ideas of tax accounting to solving the problems of reflecting tax payments in management accounting, developing accounting policies for the formation of tax liabilities, tax control and audit, creating an information base for the needs of managing tax expenditures in the accounting system. The conducted research allowed us to formulate an approach to allocate a separate subsystem in accounting related to tax payments, which should consist of primary documents, registers for generalising tax information, creating screen accounts for management control and forming indicators for calculating tax liabilities. Taking into account the specifics of the chart of accounts, the author substantiates the possibility of conducting business transactions related to tax payments on a new account under the free code 88 «Tax Expenses». Account 64 «Settlements for Taxes and Payments» should reflect information in the context of open accounts in the Treasury for the payment of certain taxes by taxable objects.
- Published
- 2024
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