On 29 September 2026, the Ministry of Finance of Russia issued Order No. 145n amending Accounting Standard PBU 18/02 “Accounting for Corporate Income Tax Calculations.” The amendment addresses the mechanical recalculation of deferred tax assets (DTA) and deferred tax liabilities (DTL) — referred to in Russian practice as ОНА (deferred tax assets) and ОНО (deferred tax liabilities) — necessitated by the upcoming corporate profit tax rate increase from 20% to 22% effective 1 January 2027 (as proposed in the budget package). The revised standard mandates that entities remeasure all temporary differences at the new 22% rate in the financial statements for the reporting period ending 31 December 2026, with the resulting adjustment recognized in profit or loss (or equity, if the original temporary difference was recognized in equity). The Order also provides transitional relief for entities applying the simplified accounting method.
Key Takeaways
- Remeasurement at Enacted Rate: Companies must use the substantively enacted rate (22%) for year-end 2026 financial statements, even though the rate change takes legal effect in 2027.
- P&L Volatility Impact: The one-time remeasurement charge/credit may materially affect 2026 net income; entities should model the impact now for covenant and dividend planning.
- Disclosure Requirements Expanded: Notes to financial statements must reconcile the DTA/DTL movement attributable to the rate change separately from other movements.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement