Calculate and pay to the budget advance payments of profit tax. Reflect the transaction on the credit of account 51 "Settlement account" in correspondence with subaccount 68-40 "Arrears of income tax". Subaccount 68-5 formed specifically to account for advance payments and helps to generate the financial statements.
Make the calculation of the profit tax for the reporting period. This will credit the amount of contingent income or expense on the tax and reflect the calculated amount in the loan account 68-4 "Settlements on profit tax" in correspondence with a score of 99-3 "Conditional income and expense". Then determine the amount of permanent tax liability, which is equal to the product of permanent difference on the tax rate. Mention this charge on the credit score 68-4 in correspondence with a score of 99-2 "Constant tax obligation".
Will credit the amount of deferred tax asset, which is equal to the product of the temporary difference on the tax rate. Reflect the transaction on the credit score 68-4, and the debit of account 09 "deferred tax assets". If accounting income was greater than in tax accounting, a taxable difference. The product of the amount in tax is called a deferred tax liability which is accounted on the credit side of the account 77 "deferred tax liabilities" and charged to 68-4.
Determine the balance of the subaccount 68-4 at the end of the reporting period, then subtract from it the sum of actually paid advance payments of tax. If there was an overpayment, it is recognized in receivables. In accounting, the balance sheet this amount is reflected in line 240 "accounts Receivable" section 2 "current assets". In the line 515 of section 4 indicates minimized balance for deferred tax liability.