The document ceased to be valid since January 1, 2026 according to Item 1 of the Instruction of the Central bank of the Russian Federation of October 10, 2025 No. 7211-U

It is registered

Ministry of Justice

Russian Federation

On September 21, 2015 No. 38942

PROVISION OF CENTRAL BANK OF THE RUSSIAN FEDERATION

of September 4, 2015 No. 490-P

Industry standard of financial accounting of deferred tax liabilities and deferred tax assets by not credit financial credit institutions

(In edition of the Instruction of the Central bank of the Russian Federation of 28.11.2016 No. 4220-U)

Based on the Federal Law of July 10, 2002 No. 86-FZ "About the Central bank the Russian Federation (Bank of Russia)" (The Russian Federation Code, 2002, No. 28, Art. 2790; 2003, No. 2, Art. 157; No. 52, Art. 5032; 2004, No. 27, Art. 2711; No. 31, Art. 3233; 2005, No. 25, Art. 2426; No. 30, Art. 3101; 2006, No. 19, Art. 2061; No. 25, Art. 2648; 2007, No. 1, Art. 9, Art. 10; No. 10, Art. 1151; No. 18, Art. 2117; 2008, No. 42, Art. 4696, Art. 4699; No. 44, Art. 4982; No. 52, Art. 6229, Art. 6231; 2009, No. 1, Art. 25; No. 29, Art. 3629; No. 48, Art. 5731; 2010, No. 45, Art. 5756; 2011, No. 7, Art. 907; No. 27, Art. 3873; No. 43, Art. 5973; No. 48, Art. 6728; 2012, No. 50, Art. 6954; No. 53, Art. 7591, Art. 7607; 2013, No. 11, Art. 1076; No. 14, Art. 1649; No. 19, Art. 2329; No. 27, Art. 3438, Art. 3476, Art. 3477; No. 30, Art. 4084; No. 49, Art. 6336; No. 51, Art. 6695, Art. 6699; No. 52, Art. 6975; 2014, No. 19, Art. 2311, Art. 2317; No. 27, Art. 3634; No. 30, Art. 4219; No. 40, Art. 5318; No. 45, Art. 6154; No. 52, Art. 7543; 2015, No. 1, Art. 4, Art. 37; No. 27, Art. 3958, Art. 4001; No. 29, Art. 4348, Art. 4357; No. 41, Art. 5639; No. 48, Art. 6699; 2016, No. 1, Art. 23, Art. 46, Art. 50; No. 26, Art. 3891; No. 27, the Art. 4225, the Art. 4273, the Art. 4295) and according to the solution of the Board of directors of the Bank of Russia (No. 19) the Bank of Russia establishes the minutes of the Board of directors of the Bank of Russia of June 30, 2015 for not credit financial credit institutions located in the territory of the Russian Federation (further - not credit financial credit institutions), procedure for financial accounting of deferred tax liabilities and deferred tax assets.

Chapter 1. General provisions

1.1. This Provision provides reflection in financial accounting of the amounts capable to exert impact on increase (reduction) in size of the income tax of the organizations (further - the income tax) which is subject to payment in budget system of the Russian Federation in future accounting periods, in accordance with the legislation of the Russian Federation about taxes and fees (further - deferred income tax).

1.2. Temporary differences are determined as difference between remaining balance on active (passive) balance sheet accounts, except for the account balances specified in Item 1.3 of this provision taking into account procedure for conducting the analytics determined by not credit financial credit institution, and their tax base considered when calculating the income tax according to the procedure established by the legislation of the Russian Federation on taxes and fees. At the same time the tax base is understood as the amount attributable to asset or liability for tax purposes.

Temporary differences are subdivided on:

taxable, leading to formation of the deferred income tax which shall increase tax amount by profit which is subject to payment in budget system of the Russian Federation in future accounting periods;

subtracted, leading to formation of the deferred income tax which shall reduce tax amount by profit which is subject to payment in budget system of the Russian Federation in future accounting periods.

Taxable temporary differences result from application of different rules of the recognition by the end of the reporting period specified in Item 4.1 of this provision, changes including origin and write-off, remaining balance on active (passive) balance sheet accounts for the purposes of financial accounting and their tax base.

Deductible temporary differences arise owing to application of different rules of the recognition by the end of the reporting period specified in Item 4.1 of this provision, results of disposal of objects of financial accounting and changes including origin and write-off, remaining balance on active (passive) balance sheet accounts for the purposes of financial accounting and their tax base.

Temporary differences are calculated before complete write-off of remaining balance on active (passive) balance sheet accounts, and also before the termination of influence of results of transactions or events, including the preceding accounting periods, on increase (reduction) in taxable profit.

If reduction of remaining balance on the active (passive) balance sheet account in case of derecognition in future accounting periods of objects of financial accounting does not exert impact on increase (reduction) in taxable profit according to the procedure, established by the legislation of the Russian Federation on taxes and fees, then the tax base of remaining balance on the active (passive) balance sheet account is equal to its book value. In such cases temporary differences do not arise and recognition of deferred income tax does not happen.

1.3. For the purpose of this provision in case of determination of temporary differences remaining balance on passive (active) balance sheet accounts on accounting of the capital is not used.

1.4. For the purpose of this provision the deferred tax liability is understood as the tax amount on profit which is subject to payment in budget system of the Russian Federation in future accounting periods concerning taxable temporary differences.

1.5. For the purpose of this provision the deferred tax asset is understood as the tax amount on profit which is subject to compensation in future accounting periods in the relation:

deductible temporary differences;

the tax losses postponed for the future not used for reduction of the income tax.

1.6. Change of requirements of the legislation of the Russian Federation on taxes and fees, including change of the tax rates on the income tax, change of probability of receipt of sufficient taxable profit for recognition of deferred tax assets, can be the reason of increase or reduction of size of deferred tax liabilities and deferred tax assets.

1.7. Deferred tax liabilities are reflected in the passive balance sheet account No. 61701 "Deferred tax liability", deferred tax assets - in active balance sheet accounts No. 61702 "Deferred tax asset on deductible temporary differences" and to No. 61703 "Deferred tax asset on the tax losses postponed for the future".

The procedure for conducting analytics 61701, 61702 and 61703 is determined by accounts No. by not credit financial credit institution. At the same time not credit financial credit institution shall provide information on objects of financial accounting concerning which there is deferred tax liability or deferred tax asset. Concerning deferred tax asset not credit financial credit institution also shall provide information on the tax losses postponed for the future which are not used for reduction of the income tax certain in accordance with the legislation of the Russian Federation about taxes and fees.

Or exerts deferred tax liabilities and deferred tax assets concerning remaining balance on active (passive) balance sheet accounts which change of size is reflected in accounts on accounting of financial result or will exert impact on increase (reduction) in taxable profit in the accounting period or future accounting periods, are considered in correspondence with the active balance sheet account No. 71902 "Increase in the income tax at deferred income tax" or the passive balance sheet account No. 71903 "Reduction of the income tax by deferred income tax" and are adjustments of tax amount on profit on deferred income tax.

The procedure for conducting analytics is determined by accounts No. 71902 and No. 71903 by not credit financial credit institution.

Deferred tax liabilities and deferred tax assets concerning remaining balance on active (passive) balance sheet accounts which change of size is reflected in accounts on accounting of the added capital are considered in correspondence with the active balance sheet account No. 10610 "Reduction of the added capital by deferred income tax" or the passive balance sheet account No. 10609 "Increase in the added capital at deferred income tax".

The procedure for conducting analytics is determined by accounts No. 10609 and No. 10610 by not credit financial credit institution. At the same time not credit financial credit institution shall provide information on objects of financial accounting concerning which there is deferred tax liability or deferred tax asset.

1.8. Deferred tax liabilities and deferred tax assets are not subject to discounting.

1.9. The procedure for financial accounting of deferred tax liabilities and deferred tax assets is given in appendices 1 - 9 to this Provision.

Chapter 2. Reflection in financial accounting of deferred tax liabilities

2.1. Deferred tax liabilities are reflected in financial accounting in case of taxable temporary differences with frequency and in the terms specified in Item 4.1 of this provision.

Not credit financial credit institution recognizes deferred tax liability concerning the taxable temporary differences connected with investments into affiliated and dependent societies or with cooperation agreement only in that part in which it does not control terms of recovery of temporary difference and there is probability that in future periods the temporary difference will be recovered.

2.2. The size of deferred tax liability is determined as the work of taxable temporary differences on the tax rate on the income tax established by the legislation of the Russian Federation on taxes and fees and operating by the end of the reporting period, the this provision specified in Item 4.1.

Depending on transaction nature and procedure for reflection in financial accounting of changes of remaining balance on active (passive) balance sheet accounts the deferred tax liability is considered in correspondence with accounts on accounting of financial result or with accounts on accounting of the added capital.

2.3. In case of change of the tax rates on the income tax in accordance with the legislation of the Russian Federation about taxes and fees the size of deferred tax liability is subject to recalculation for the date preceding start date of application of the changed tax rates with reference of the difference which resulted from recalculation into accounts on accounting of financial result and (or) into accounts on accounting of the added capital.

2.4. The education or increase in deferred tax liability received based on the sheet of calculation of deferred tax liabilities and deferred tax assets specified in Item 4.2 of this provision, calculated as difference between the sizes of the deferred tax liabilities or deferred tax liabilities and deferred tax assets determined by the end of the reporting period and the end of the preceding accounting period, specified in Item 4.1 of this provision concerning remaining balance on active (passive) balance sheet accounts which change of size is considered on accounts on accounting of financial result or exerts or will exert impact on increase (reduction) in taxable profit in the accounting period or future accounting periods, is reflected the following accounting entries:

determined for the end of the first quarter, half-year and nine months of accounting year:

Debit of the account No. 71903 "Reduction of the income tax by deferred income tax" or account No. 71902 "Increase in the income tax at deferred income tax"

Account No. 61701 credit "Deferred tax liability";

determined for the end of accounting year - during reflection in financial accounting of events after reporting date:

Debit of the account No. 72903 "Reduction of the income tax by deferred income tax" or account No. 72902 "Increase in the income tax at deferred income tax"

Account No. 61701 credit "Deferred tax liability"

or in case of availability of account balance No. 61702 "Deferred tax asset on deductible temporary differences":

determined for the end of the first quarter, half-year and nine months of accounting year:

Debit of the account No. 71903 "Reduction of the income tax by deferred income tax" or account No. 71902 "Increase in the income tax at deferred income tax"

Account No. 61702 credit "Deferred tax asset on deductible temporary differences";

determined for the end of accounting year - during reflection in financial accounting of events after reporting date:

Debit of the account No. 72903 "Reduction of the income tax by deferred income tax" or account No. 72902 "Increase in the income tax at deferred income tax"

Account No. 61702 credit "Deferred tax asset on deductible temporary differences".

2.5. The reduction of deferred tax liability received based on the sheet of calculation of deferred tax liabilities and deferred tax assets specified in Item 4.2 of this provision, calculated as difference between the sizes of the deferred tax liabilities determined by the end of the reporting period and the end of the preceding accounting period, specified in Item 4.1 of this provision concerning remaining balance on active (passive) balance sheet accounts which change of size is considered on accounts on accounting of financial result or exerts or will exert impact on increase (reduction) in taxable profit in the accounting period or future accounting periods, is reflected the following accounting entries:

determined for the end of the first quarter, half-year and nine months of accounting year:

Debit of the account No. 61701 "Deferred tax liability"

Account No. 71903 credit "Reduction of the income tax by deferred income tax" or account No. 71902 "Increase in the income tax at deferred income tax";

determined for the end of accounting year - during reflection in financial accounting of events after reporting date:

Debit of the account No. 61701 "Deferred tax liability"

Account No. 72903 credit "Reduction of the income tax by deferred income tax" or account No. 72902 "Increase in the income tax at deferred income tax".

2.6. The education or increase in deferred tax liability received based on the sheet of calculation of deferred tax liabilities and deferred tax assets specified in Item 4.2 of this provision, calculated as difference between the sizes of the deferred tax liabilities or deferred tax liabilities and deferred tax assets determined by the end of the reporting period and the end of the preceding accounting period, specified in Item 4.1 of this provision concerning remaining balance is reflected in active (passive) balance sheet accounts which change of size is considered on accounts on accounting of the added capital the following accounting entries:

Debit of the account No. 10610 "Reduction of the added capital by deferred income tax" or account No. 10609 "Increase in the added capital at deferred income tax"

Account No. 61701 credit "Deferred tax liability"

or in case of availability of account balance No. 61702 "Deferred tax asset on deductible temporary differences":

Debit of the account No. 10610 "Reduction of the added capital by deferred income tax" or account No. 10609 "Increase in the added capital at deferred income tax"

Account No. 61702 credit "Deferred tax asset on deductible temporary differences".

2.7. The reduction of deferred tax liability received based on the sheet of calculation of deferred tax liabilities and deferred tax assets specified in Item 4.2 of this provision, calculated as difference between the sizes of the deferred tax liabilities determined by the end of the reporting period and the end of the preceding accounting period, specified in Item 4.1 of this provision concerning remaining balance on active (passive) balance sheet accounts which change of size is considered on accounts on accounting of the added capital and is not subject to the direction into the account on accounting of retained earnings, is reflected the following accounting entry:

Debit of the account No. 61701 "Deferred tax liability"

Account No. 10610 credit "Reduction of the added capital by deferred income tax" or account No. 10609 "Increase in the added capital at deferred income tax".

2.8. In case of derecognition of asset which change of size is considered on accounts of the second procedure for the account on accounting of the added capital and is subject to the direction into the account on accounting of retained earnings, the account balance on accounting of the added capital is adjusted (decreases) by remaining balance or part of account balance of reduction of the added capital by the deferred income tax relating (relating) to the disposed asset with reflection by the following accounting entry:

Debit of the account No. 10601 "Increase in value of fixed assets in case of revaluation"

Account No. 10610 credit "Reduction of the added capital by deferred income tax".

2.9. In case of reduction of the tax rates on the income tax as of the end of accounting year reduction of deferred tax liability during reflection in financial accounting of events after reporting date is reflected the following accounting entries:

concerning deferred tax liabilities which were reflected in correspondence with accounts on accounting of financial result:

Debit of the account No. 61701 "Deferred tax liability"

Account No. 72903 credit "Reduction of the income tax by deferred income tax" or account No. 72902 "Increase in the income tax at deferred income tax";

concerning deferred tax liabilities which were reflected in correspondence with accounts on accounting of the added capital:

Debit of the account No. 61701 "Deferred tax liability"

Account No. 10610 credit "Reduction of the added capital by deferred income tax" or account No. 10609 "Increase in the added capital at deferred income tax".

2.10. In case of increase in the tax rates on the income tax as of the end of accounting year increase in deferred tax liability during reflection in financial accounting of events after reporting date is reflected the following accounting entries:

concerning deferred tax liabilities which were reflected in correspondence with accounts on accounting of financial result:

Debit of the account No. 72903 "Reduction of the income tax by deferred income tax" or account No. 72902 "Increase in the income tax at deferred income tax"

Account No. 61701 credit "Deferred tax liability";

concerning deferred tax liabilities which were reflected in correspondence with accounts on accounting of the added capital:

Debit of the account No. 10610 "Reduction of the added capital by deferred income tax" or account No. 10609 "Increase in the added capital at deferred income tax"

Account No. 61701 credit "Deferred tax liability".

Chapter 3. Reflection in financial accounting of deferred tax assets

3.1. Deferred tax assets are reflected in financial accounting in case of deductible temporary differences and probability of receipt of taxable profit by the not credit financial credit institution in future accounting periods with frequency and in the terms specified in Item 4.1 of this provision.

In case of assessment of probability of receipt of taxable profit in future accounting periods not credit financial credit institution is guided by regulations of the International accounting standard (IAS) 12 "Income taxes" enacted in the territory of the Russian Federation by the order of the Ministry of Finance of the Russian Federation of December 28, 2015 No. 217n "About introduction of International accounting standards and Explanations of International accounting standards in action in the territory of the Russian Federation and on recognition voided some orders (separate provisions of orders) of the Ministry of Finance of the Russian Federation", the registered Ministry of Justice of the Russian Federation on February 2, 2016 No. 40940 ("The official Internet portal of legal information" (www.pravo.gov.ru), on February 8, 2016) <1>

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<1> With the amendments enacted in the territory of the Russian Federation by orders of the Ministry of Finance of the Russian Federation of June 27, 2016 No. 98n "About introduction of documents of International accounting standards in action in the territory of the Russian Federation and about recognition voided some orders of the Ministry of Finance of the Russian Federation", the registered Ministry of Justice of the Russian Federation on July 15, 2016 No. 42869 ("The official Internet portal of legal information" (www.pravo.gov.ru), on July 18, 2016), of July 11, 2016 No. 111n "About enforcement and cancellation of documents of International accounting standards in the territory of the Russian Federation", the registered Ministry of Justice of the Russian Federation on August 1, 2016 No. 43044 ("The official Internet portal of legal information" (www.pravo.gov.ru), on August 2, 2016)

In case of assessment of probability of receipt of taxable profit which not credit financial credit institution has the right to reduce for tax purposes by deductible temporary differences not credit financial credit institution analyzes accomplishment of the following conditions:

whether not credit financial credit institution has sufficient taxable temporary differences leading to receipt of taxable profit which not credit financial credit institution has the right to reduce for tax purposes by deductible temporary differences;

whether not credit financial credit institution predicts receipt of taxable profit in that accounting period in which not credit financial credit institution has the right to reduce taxable profit for tax purposes by deductible temporary differences.

In that measure in which not credit financial credit institution does not expect receipt of the sufficient taxable profit allowing to use benefit from part or all amount of deferred tax asset such part or all amount of the calculated deferred tax asset is not subject to recognition.

Not credit financial credit institution recognizes deferred tax asset concerning all deductible temporary differences connected with investments into affiliated and dependent societies or with cooperation agreement only in that part concerning which there is probability that the temporary difference in future periods will be there will be taxable profit at the expense of which it will be possible to use temporary difference.

3.2. The deferred tax assets arising from the tax losses postponed for the future, which are not used for reduction of the income tax are reflected in financial accounting if not credit financial credit institution expects receipt of taxable profit in future accounting periods, with frequency and in the terms specified in Item 4.1 of this provision.

In case of assessment of probability of receipt of taxable profit which not credit financial credit institution has the right to reduce for tax purposes by the tax losses postponed for the future not used for reduction of the income tax not credit financial credit institution analyzes accomplishment of the following conditions:

whether not credit financial credit institution has sufficient taxable temporary differences which will lead to receipt of taxable profit which not credit financial credit institution has the right to reduce for tax purposes by the tax losses postponed for the future during the term established by the legislation of the Russian Federation on taxes and fees;

whether there is probability of receipt of taxable profit by the not credit financial credit institution before the expiration of the transfer of tax losses established by the legislation of the Russian Federation on taxes and fees for future accounting periods following that tax period in which these losses are received;

whether there is probability of repeating in the future of origins of postponement for the future of tax losses;

In that measure in which not credit financial credit institution has no probability of receipt of taxable profit which not credit financial credit institution has the right to reduce for tax purposes by the tax losses postponed for the future not used for reduction of the income tax during the term established by the legislation of the Russian Federation on taxes and fees the deferred tax asset is not subject to recognition.

3.3. The size of deferred tax asset is determined as the work of the deductible temporary differences or the tax losses postponed for the future which are not used for reduction of the income tax on the tax rate on the income tax established by the legislation of the Russian Federation on taxes and fees and operating by the end of the reporting period, the this provision specified in Item 4.1.

Depending on transaction nature and procedure for reflection in financial accounting of changes of remaining balance on active (passive) balance sheet accounts the deferred tax asset on deductible temporary differences is considered in correspondence with accounts on accounting of financial result or with accounts on accounting of the added capital.

3.4. Book value of acknowledged deferred tax asset is reviewed with the frequency specified in Item 4.1 of this provision and decreases in that measure in which there is no probability of receipt of sufficient taxable profit which not credit financial credit institution has the right to reduce for tax purposes by deductible temporary differences and (or) tax losses postponed for the future. Such reduction is recovered in that measure in which the probability of receipt of sufficient taxable profit appears.

3.5. The unrecognized deferred tax asset is not reflected in financial accounting, is reviewed with the frequency specified in Item 4.1 of this provision and is subject to recognition in that measure in which there is probability of receipt of future taxable profit allowing to compensate deferred tax asset.

3.6. The derecognition of deferred tax assets concerning the tax losses postponed for the future not used for reduction of the income tax occurs in case of their complete use, discrepancy to recognition conditions, and also in connection with the expiration of the transfer of such losses for future accounting periods established by the legislation of the Russian Federation on taxes and fees and is subject to reflection in financial accounting with frequency and in the terms specified in Item 4.1 of this provision.

3.7. In case of change of the tax rates on the income tax in accordance with the legislation of the Russian Federation about taxes and fees the size of deferred tax asset is subject to recalculation for the date which is directly preceding start date of application of the changed tax rates with reference of the difference which resulted from recalculation into accounts on accounting of financial result and (or) into accounts on accounting of the added capital.

3.8. The education or increase in deferred tax asset on deductible temporary differences received based on the sheet of calculation of deferred tax liabilities and deferred tax assets specified in Item 4.2 of this provision, calculated as difference between the sizes of the deferred tax assets or deferred tax assets and deferred tax liabilities determined by the end of the reporting period and the end of the preceding accounting period, specified in Item 4.1 of this provision concerning remaining balance on active (passive) balance sheet accounts which change of size is considered on accounts on accounting of financial result or exerts or will exert impact on increase (reduction) in taxable profit in the accounting period or future accounting periods, is reflected the following accounting entries:

determined for the end of the first quarter, half-year and nine months of accounting year:

Debit of the account No. 61702 "Deferred tax asset on deductible temporary differences"

Account No. 71903 credit "Reduction of the income tax by deferred income tax" or account No. 71902 "Increase in the income tax at deferred income tax";

determined for the end of accounting year - during reflection in financial accounting of events after reporting date:

Debit of the account No. 61702 "Deferred tax asset on deductible temporary differences"

Account No. 72903 credit "Reduction of the income tax by deferred income tax" or account No. 72902 "Increase in the income tax at deferred income tax"

or in case of availability of account balance No. 61701 "Deferred tax liability":

determined for the end of the first quarter, half-year and nine months of accounting year:

Debit of the account No. 61701 "Deferred tax liability"

Account No. 71903 credit "Reduction of the income tax by deferred income tax" or account No. 71902 "Increase in the income tax at deferred income tax";

determined for the end of accounting year - during reflection in financial accounting of events after reporting date:

Debit of the account No. 61701 "Deferred tax liability"

Account No. 72903 credit "Reduction of the income tax by deferred income tax" or account No. 72902 "Increase in the income tax at deferred income tax".

3.9. The reduction of deferred tax asset on deductible temporary differences received based on the sheet of calculation of deferred tax liabilities and deferred tax assets specified in Item 4.2 of this provision, calculated as difference between the sizes of the deferred tax assets determined by the end of the reporting period and the end of the preceding accounting period, specified in Item 4.1 of this provision concerning remaining balance on active (passive) balance sheet accounts which change of size is considered on accounts on accounting of financial result or exerts or will exert impact on increase (reduction) in taxable profit in the accounting period or future accounting periods, is reflected the following accounting entries:

determined for the end of the first quarter, half-year and nine months of accounting year:

Debit of the account No. 71903 "Reduction of the income tax by deferred income tax" or account No. 71902 "Increase in the income tax at deferred income tax"

Account No. 61702 credit "Deferred tax asset on deductible temporary differences";

determined for the end of accounting year - during reflection in financial accounting of events after reporting date:

Debit of the account No. 72903 "Reduction of the income tax by deferred income tax" or account No. 72902 "Increase in the income tax at deferred income tax"

Account No. 61702 credit "Deferred tax asset on deductible temporary differences".

3.10. The education or increase in deferred tax asset on the tax losses postponed for the future not used for reduction of the income tax received based on the sheet of calculation of deferred tax liabilities and deferred tax assets specified in Item 4.2 of this provision calculated as difference between the sizes of the deferred tax assets determined by the end of the reporting period and the end of the preceding accounting period, specified in Item 4.1 of this provision is reflected the following accounting entries:

determined for the end of the first quarter, half-year and nine months of accounting year:

The debit of the account No. 61703 "Deferred tax asset on the tax losses postponed for the future"

Account No. 71903 credit "Reduction of the income tax by deferred income tax" or account No. 71902 "Increase in the income tax at deferred income tax";

determined for the end of accounting year - during reflection in financial accounting of events after reporting date:

The debit of the account No. 61703 "Deferred tax asset on the tax losses postponed for the future"

Account No. 72903 credit "Reduction of the income tax by deferred income tax" or account No. 72902 "Increase in the income tax at deferred income tax".

3.11. The reduction of deferred tax asset on the tax losses postponed for the future not used for reduction of the income tax received based on the sheet of calculation of deferred tax liabilities and deferred tax assets specified in Item 4.2 of this provision calculated as difference between the sizes of the deferred tax assets determined by the end of the reporting period and the end of the preceding accounting period, specified in Item 4.1 of this provision is reflected the following accounting entries:

determined for the end of the first quarter, half-year and nine months of accounting year:

Debit of the account No. 71903 "Reduction of the income tax by deferred income tax" or account No. 71902 "Increase in the income tax at deferred income tax"

The account No. 61703 credit "Deferred tax asset on the tax losses postponed for the future";

determined for the end of accounting year - during reflection in financial accounting of events after reporting date:

Debit of the account No. 72903 "Reduction of the income tax by deferred income tax" or account No. 72902 "Increase in the income tax at deferred income tax"

The account No. 61703 credit "Deferred tax asset on the tax losses postponed for the future".

3.12. The education or increase in deferred tax asset on deductible temporary differences received based on the sheet of calculation of deferred tax liabilities and deferred tax assets specified in Item 4.2 of this provision, calculated as difference between the sizes of the deferred tax assets or deferred tax assets and deferred tax liabilities determined by the end of the reporting period and the end of the preceding accounting period, specified in Item 4.1 of this provision concerning remaining balance is reflected in active (passive) balance sheet accounts which change of size is considered on accounts on accounting of the added capital the following accounting entries:

Debit of the account No. 61702 "Deferred tax asset on deductible temporary differences"

Account No. 10609 credit "Increase in the added capital at deferred income tax" or account No. 10610 "Reduction of the added capital by deferred income tax"

or in case of availability of account balance No. 61701 "Deferred tax liability":

Debit of the account No. 61701 "Deferred tax liability"

Account No. 10609 credit "Increase in the added capital at deferred income tax" or account No. 10610 "Reduction of the added capital by deferred income tax".

3.13. The reduction of deferred tax asset on deductible temporary differences received based on the sheet of calculation of deferred tax liabilities and deferred tax assets specified in Item 4.2 of this provision, calculated as difference between the sizes of the deferred tax assets determined by the end of the reporting period and the end of the preceding accounting period, specified in Item 4.1 of this provision concerning remaining balance on active (passive) balance sheet accounts which change of size is considered on accounts on accounting of the added capital and is not subject to the direction into the account on accounting of retained earnings, is reflected the following accounting entry:

Debit of the account No. 10609 "Increase in the added capital at deferred income tax" or account No. 10610 "Reduction of the added capital by deferred income tax"

Account No. 61702 credit "Deferred tax asset on deductible temporary differences".

3.14. In case of derecognition of asset which change of size is considered on accounts of the second procedure for the account on accounting of the added capital and is subject to the direction into the account on accounting of retained earnings, the account balance on accounting of the added capital is adjusted (increases) by remaining balance or part of account balance of increase in the added capital at the deferred income tax relating to the disposed asset.

3.15. In case of reduction of the tax rates on the income tax as of the end of accounting year reduction of deferred tax asset during reflection in financial accounting of events after reporting date is reflected the following accounting entries:

concerning deferred tax assets which were reflected in correspondence with accounts on accounting of financial result:

Debit of the account No. 72903 "Reduction of the income tax by deferred income tax" or account No. 72902 "Increase in the income tax at deferred income tax"

The account No. 61702 credit "Deferred tax asset on deductible temporary differences" and accounts No. 61703 "Deferred tax asset on the tax losses postponed for the future";

concerning deferred tax assets which were reflected in correspondence with accounts on accounting of the added capital:

Debit of the account No. 10609 "Increase in the added capital at deferred income tax" or account No. 10610 "Reduction of the added capital by deferred income tax".

Account No. 61702 credit "Deferred tax asset on deductible temporary differences".

3.16. In case of increase in the tax rates on the income tax as of the end of accounting year increase in deferred tax asset during reflection in financial accounting of events after reporting date is reflected the following accounting entries:

concerning deferred tax assets which were reflected in correspondence with accounts on accounting of financial result:

The debit of the account No. 61702 "Deferred tax asset on deductible temporary differences" and accounts No. 61703 "Deferred tax asset on the tax losses postponed for the future"

Account No. 72903 credit "Reduction of the income tax by deferred income tax" or account No. 72902 "Increase in the income tax at deferred income tax";

concerning deferred tax assets which were reflected in correspondence with accounts on accounting of the added capital:

Debit of the account No. 61702 "Deferred tax asset on deductible temporary differences"

Account No. 10609 credit "Increase in the added capital at deferred income tax" or account No. 10610 "Reduction of the added capital by deferred income tax".

Chapter 4. Frequency of reflection in financial accounting of deferred tax liabilities and deferred tax assets

4.1. For the purpose of this provision are understood as the accounting period: first quarter, half-year, nine months and year. Since first accounting period after entry into force of this provision the deferred tax liabilities and deferred tax assets determined for the end of the first quarter, half-year and nine months in financial accounting are reflected no later than 30 calendar days from the date of the end of the corresponding accounting period, and determined on the end of the year - during reflection in financial accounting of events after reporting date, that is during the period before date of creation of annual accounting (financial) accounts.

In case of creation in accordance with the legislation of the Russian Federation by not credit financial credit institution of separate divisions (branches, representations) financial accounting of deferred tax liabilities and deferred tax assets is conducted on balance of head office of not credit financial credit institution.

4.2. Not credit financial credit institution for the end of each accounting period specified in Item 4.1 of this provision creates the sheet of calculation of deferred tax liabilities and deferred tax assets with indication of remaining balance on active (passive) balance sheet accounts, except for the account balances specified in Item 1.3 of this provision for their comparison with tax base, determination of type of temporary differences and amounts of deferred tax liabilities and deferred tax assets.

The form of the sheet of calculation of deferred tax liabilities and deferred tax assets affirms not credit financial credit institution as internal documents. At the same time the specified sheet for the corresponding period shall contain the following information:

remaining balance on active (passive) balance sheet accounts by the end of the reporting period;

the tax base considered when calculating the income tax by the end of the reporting period;

the taxable temporary differences calculated by the end of the reporting period;

the deductible temporary differences calculated by the end of the reporting period;

the amounts of deferred tax liabilities which change of size is considered on accounts on accounting of financial result and (or) on accounts on accounting of the added capital, calculated by the end of the reporting period;

the amounts of deferred tax assets on deductible temporary differences which change of size is considered on accounts on accounting of financial result and (or) on accounts on accounting of the added capital, calculated by the end of the reporting period;

the amounts of deferred tax assets on the tax losses postponed for the future calculated by the end of the reporting period.

Not credit financial credit institution if necessary can include in the sheet of calculation of deferred tax liabilities and deferred tax assets and other information.

Chapter 5. Final provisions

5.1. In case of application of this provision not credit financial credit institutions are guided by International accounting standards (further - IFRS) and the IFRS Explanations accepted by IFRS Fund, enacted in the territory of the Russian Federation and also part 12 of article 21 of the Federal Law of December 6, 2011 No. 402-FZ "About financial accounting" (The Russian Federation Code, 2011, No. 50, Art. 7344; 2013, No. 26, Art. 3207; No. 27, Art. 3477; No. 30, Art. 4084; No. 44, Art. 5631; No. 51, Art. 6677; No. 52, Art. 6990; 2014, No. 45, Art. 6154; 2016, No. 22, Art. 3097).

5.2. This Provision is subject to official publication in "the Bulletin of the Bank of Russia" and becomes effective since January 1, 2017.

This Provision is applied:

professional participants of the security market, managing companies of investment fund, mutual investment fund and non-state pension fund on transactions with property according to the trust management agreement of means of non-state pension funds and insurance companies, and also specialized depositaries of investment fund, mutual investment fund and non-state pension fund on transactions with property in which means of non-state pension funds are placed, and with property of insurance companies - since January 1, 2017;

professional participants of the security market, managing companies of investment fund, mutual investment fund and non-state pension fund, specialized depositaries of investment fund, mutual investment fund and non-state pension fund on other transactions - since January 1, 2018;

the clearing organizations, the central partners, organizers of trade, the microfinancial organizations, credit consumer cooperatives, housing accumulative cooperatives, bureau of credit histories - since January 1, 2018;

agricultural credit consumer cooperatives, pawnshops - since January 1, 2019.

Chairman of the Central bank of the Russian Federation

E. S. Nabiullina

Appendix 1

to the Provision of the Bank of Russia of September 4, 2015 No. 490-P "Industry standard of financial accounting of deferred tax liabilities and deferred tax assets by not credit financial credit institutions"

See Appendix 1 (46Kb In original language)

Appendix 2

See Appendix 2 (25Kb In original language)

Appendix 3

See Appendix 3 (20Kb In original language)

Appendix 4

Procedure for financial accounting of deferred income tax in case of change of the tax rate on the income tax

By estimates of management of not credit financial credit institution, concerning deferred tax assets obtaining in the subsequent accounting periods of sufficient taxable profit is supposed.

The temporary periods specified in this appendix correspond: "20X1" - to the current year, "20X2" - to the year following after year 20X1, and so on.

The organization calculates deferred income tax for 20X2 on effective tax rate on the income tax in the amount of 20%.

At the end of 20X2 years amendments to the Tax code according to which since January 1 20X3 years will be effective the new tax rate in the amount of 18% are adopted.

For information only:	account No.	account balance (rub)
	10610	160 000-00
	61701	200 000-00
	61703	10 000-00
	72902	30 000-00 <1>

--------------------------------

<1> Calculation: 40 000 rub - 10 000 rub = 30 000 rub.

Due to the change of the tax rate on the income tax calculation of change (reduction) of deferred tax liability in the amount of 20 000 rubles <1> and (reduction) of deferred tax asset on the loss postponed for the future in the amount of 1 000 rubles is made <2>.

--------------------------------

<1> Calculation: 200 000 rub x 18%: 20% = 180 000 rub; 200 000 rub - 180 000 rub = 20 000 rub.

<2> Calculation: 10 000 rub x 18%: 20% = 9 000 rub; 10 000 rub - 9 000 rub = 1 000 rub.

Reflection in financial accounting of change of the deferred taxes in connection with change of the tax rate on the income tax during reflection in financial accounting of events after reporting date, that is during the period before date of creation of annual accounting (financial) accounts, for 20X2:

deferred tax liability on accounts on accounting of the added capital:

		turnover on the account (rub)
Debit of the account No.	61701	16 000-00 <1>
Credit of the account No.	10610	16 000-00

--------------------------------

<1> Calculation: 160 000 rub - (160 000 rub x 18: 20) = 16 000 rub.

deferred tax liability on accounts on accounting of financial result:

		turnover on the account (rub)
Debit of the account No.	61701	4 000-00 <1>
Credit of the account No.	72902	4 000-00

--------------------------------

<1> Calculation: 20 000 rub - 16 000 rub = 4 000 rub.

deferred tax asset on the loss postponed for the future:

		turnover on the account (rub)
Debit of the account No.	72902	1 000-00
Credit of the account No.	61703	1 000-00

Account balances of financial accounting of the organization for December 31 20X2 years:

Account number	Currency code (precious metals)	Remaining balance
Account number	Currency code (precious metals)	in rubles, foreign currency and precious metals - in ruble equivalent	in foreign currency - in the amount of the corresponding currency and in precious metals - in natural indicators
10610	810	144 000-00
61701	810	180 000-00
61703	810	9 000-00
72902	810	27 000-00

Appendix 5

See Appendix 5 (23Kb In original language)

Appendix 6

See Appendix 6 (15Kb In original language)

Appendix 7

See Appendix 7 (14Kb In original language)

Appendix 8

See Appendix 8 (80Kb In original language)

Appendix 9

See Appendix 9 (13Kb In original language)

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