Exchange differences arise in accounting and tax accounting, and also affect the amount of taxes of the organization. The purpose of this article is to consider the procedure of the impact of exchange differences on values of assets and liabilities in accounting, on the VAT tax base and the [...]
Igor Chaika
Igor Chaika
Ex-Managing Director
Audit Practice
Korpus Prava (Russia)
Autors Articles
Exchange Differences
New Accounting Standards
On the website of the Ministry of Finance of the Russian Federation there is a program for the elaboration of new accounting standards for 2016-2018. It stipulates both the development of new federal accounting standards and modification of current accounting provisions.
VAT 2015. Big Data Collection System. Change of the Procedure of Control of Deductions and Consequences for Taxpayers
From 1 January 2015, submitting VAT returns, we’ll begin to upload there purchase ledgers and sales ledgers, the ledger of invoices issued and received for intermediaries. All information will be stored in “Big Data” system of the FTS of Russia.
Accounting of Transactions with Cryptocurrencies
Cash and non-cash money is separately attributed to objects of civil rights (article 128 of the Civil Code of the Russian Federation). Cash money is classified as belongings, while non-cash money as other property.
