Transition of insurance companies to industry standards of accounting and unified plan of accounts: financial result and taxable profit

Abstract

Transition of non-credit financial institutions, including insurers on industry standards of accounting and a unified plan of accounts it is possible to call one of the most significant events in reform of business processes in the contemporary history of development of the insurance market in Russia. There should not be away from this phenomenon also tax accounting as with maintaining new industry provisions arises, and a set of questions regarding reflection of taxes. In article problems of taxation of profit will be considered and recommendations about elimination of the contradictions which appeared after introduction of industry standards are made.