The Switch of Insurance Companies to Industrial Accounting Standards and Unified Chart of Accounts: Financial Result and Taxable Income
Abstract
The switch of noncredit financial companies including insurers to the industrial accounting standards and unified chart of accounts can be called one of the most important events in the reform of business processes in recent history of the insurance market in Russia. Tax accounting should not be kept out of this event since the introduction of new industrial provisions leads to many questions relating to tax treatment. The article will consider the issues of profit taxation and give recommendation regarding elimination of the contradictions emerged following the introduction of the industrial standards.
About the Author
D. B. Bortsov
Academy of Work and Social Relations
Russian Federation
Russian Federation
Bortsov Dmitriy B., Graduate Student, Department of Accounting and Taxation, Head of Group on Formation of Accounting Reports of Rosgosstrakh
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Review
For citations:
Bortsov D.B. The Switch of Insurance Companies to Industrial Accounting Standards and Unified Chart of Accounts: Financial Result and Taxable Income. Vestnik NSUEM. 2019;(1):174-181. (In Russ.)
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