Harmonization of methods to calculate and present income tax reporting for banks
The article specifies wording of terms and concepts for indicators used in calculation of the income tax value and presentation of the relevant information in the reporting, defines tax effects, the influence of which was not considered in forming the expenses (income) on the income tax, develops unilateral algorithm to present information on the income tax in banks’ reporting that makes it possible to compare the data of accounting and tax records and ensures their transparency.