Уместно ли е счетоводното отчитане на отсрочени данъчни активи и пасиви в България
Is the Accounting Treatment of Deferred Tax Assets and Liabilities Relevant in Bulgaria

Author(s): Nikolay Oresharov
Subject(s): Economy, National Economy, Public Finances, Accounting - Business Administration
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: accounting; income taxes; deferred taxes; relevance of financial information
Summary/Abstract: This paper examines whether the recognition of deferred tax assets and liabilities through the use of the temporary difference approach, required by the accounting standards applicable in the country, is useful for users of general purpose financial statements in Bulgaria. For this purpose, the influence on the value of the coefficient of financial autonomy was analyzed, if instead of the temporary difference approach, the tax payable approach is applied. The temporary difference approach requires the recognition of deferred tax assets and deferred tax liabilities for most differences between the carrying amount and the tax basis of the assets and liabilities where they differ. The tax payable approach is alternative. With it, a liability is recognized in the accounting balance only in the amount of the income taxes due for payment, calculated by converting the accounting financial result in accordance with the requirements of the material tax law. The results of the research show that the recognition of deferred tax assets and liabilities in the balance sheet does not bring informational utility to users, as it does not have a statistically significant impact on the variance of the coefficient of financial autonomy. These results justify the conclusion that, for the moment, in Bulgaria, the reporting of deferred tax assets and liabilities is irrelevant, as it is inconsequential to the decisions that users of the financial statements can make. Therefore, it is suggested that entity applying national accounting standards should account for income taxes using the tax payable approach.

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