Tax account of interest for debt obligation with fixed and non-fixed rates

Abstract

Purpose: the authors consider the tax account of interest procedure on debt obligations. Discussion: economic entities of various ownership forms in the preparation of a declaration on income tax must reflect the amount of non-operating expenses. The 265 article in the Tax Code contain the list of non-operating expenses. Herewith the tax accounting of expenses is difficult. Organizations must develop analytical registers of tax account. The authors attempt to create a universal register for the reflection of accrued interest on debt obligations. Results: the authors developed a register of tax account for the maximum amount of interest on debt obligations, recognized as non-operating expenses for the purpose of calculating the profit tax.