Features of the legislative regulation of the application of the standard-costing method for tax purposes on the example of different countries

Kokorev Sergey Sergeevich

The subject of the article is the tax regulation of the distribution of differences (deviations)in the value of inventory on the example of the US regulation. At the same time, special attention is paid to the analysis of tax legislation and methodological recommendations of the US Treasury. The relevance of the topic is due to the growing number of enterprises in Europe and America that carry out production (trade) on the territory of Russia, and conduct management accounting using the Standard-costing method. At the same time, in Russia, the possibility of accepting differences (deviations) in the cost of inventory is not available. The purpose of the study is to identify tax and legal approaches to the interpretation of differences (deviations) and to determine the specifics of their taxation in the United States. The study used methods of comparative analysis and synthesis. For the country under study, the national system of taxation of legal entities, as well as the system of inventory valuation, was analyzed. The tax consequences of typical operations with the distribution of differences (deviations) and their impact on the amount of taxable profit were investigated. As a result of the study of the tax regulation of the distribution of differences (deviations) in the value of inventory on the example of the US regulation, it is concluded that the approach to the tax administration of the distribution of differences (deviations) in the value of inventory by the US Treasury can be adapted in Russia, taking into account the peculiarities of national tax and accounting legislation. The studied methods, when adapted in Russia, will allow, on the one hand, to simplify tax calculations for enterprises using the standard-costing system as a basic one, on the other hand, to simplify tax administration and increase the tax base. The results of the study can be taken into account by Russian regulatory and legislative bodies to adapt tax legislation to the needs of Western investors. The changes should be aimed not only at generating budget revenues, but also at creating favorable conditions for stimulating investment in the production sector and simplifying tax and accounting administration.

Keywords:standard-costing, distribution of differences (deviations), inventory valuation, tax regulation; US taxation.