Tax accounting under IFRS accounting

Abstract

Until recently, many countries are making efforts to not share com­ pletely the tax and accounting. As a rule, it was a way to search for com­ promises-where you can forgo fiscal interests, and where you can prevent deformation of the financial statements. Changes in the economy and development of market relations in Ka­ zakhstan dictate the use of conventional and under stand able world ap­ proach to financial reporting. IFRS implementation facilitates the transition of the Kazakh economy to a qualitatively new level of development, when the core values becomes a favorable investment climate, transparency in financial reporting, transparency, reliability of financial position and re­ sults of operations. The increasing use of IFRS is particularly acute conflict marked the accounting and taxation, as IFRS does not allow any compro­ mises with taxation.