The head office of the DPS in the Odesa region reports that in accordance with clause 44.2 of Art. 44 of the Tax Code of Ukraine (as amended, hereinafter referred to as the PKU) to calculate the object of taxation, the income tax payer uses the data of accounting and financial reporting on income, expenses and financial results before taxation.
Sub-item 134.1.1 of Article 134.1. 134 of the Code of Civil Procedure established that the object of taxation is income with a source of origin in Ukraine and outside its borders, which is determined by adjusting (increasing or decreasing) the financial result before taxation (profit or loss), determined in the financial statements of the enterprise in accordance with national provisions ( standards) of accounting or international financial reporting standards, on the difference that is determined by the relevant provisions of the PKU.
PKU does not provide for differences to adjust the financial result before taxation for the amount of value added tax. Such amounts are reflected in the formation of the financial result according to accounting rules.
Accounting and financial reporting methodology issues are regulated by the central executive body, which ensures the formation and implementation of state policy in the field of accounting and auditing, approves national regulations (standards) of accounting, national regulations (standards) of accounting, national regulations (standards) accounting in the public sector, other regulatory legal acts on accounting and financial reporting (part two of Article 6 of the Law of Ukraine of July 16, 1999 No. 996-XIV “On Accounting and Financial Reporting in Ukraine” as amended ).
Source: od.tax.gov.ua
