PARTICULARITY OF NORMATIVE REGULATION OF THE ACCOUNTING OF INCOME TAXATION IN UKRAINE AND AZERBAIJAN

The development of interdisciplinary connections, the introduction of European experience in the sphere of accounting regulation, the formation of a integral view of international requirements for the formation of financial reporting indicators is ensured through the use of the method of comparative analysis. The reform of the regulatory framework of accounting in the direction of the priority of the introduction of international accounting standards necessitates the study of foreign experience on this issue. The purpose of the article is to analyze issues, conduct comparative analysis and develop suggestions for improving the regulatory accounting of income taxation in Ukraine and Azerbaijan. The article provides a comparative analysis of the normative regulation of accounting for income taxation in Ukraine and Azerbaijan, which allowed substantiating the main shortcomings of the legislative framework. In the course of the research, it is scientifically substantiated the expediency of distinguishing the levels of accounting for income taxation: international, national, enterprise level. A detailed study of common and distinctive features of the accounting of income taxation in Ukraine and Azerbaijan, the experience of implementing international accounting standards in Azerbaijan has allowed to substantiate the suggestions on improving the normative provision of accounting reflection of the income taxation in Ukraine. The use of the proposed normative document will contribute to the establishment of common requirements for the formation of information in the accounting and financial reporting system for income taxation. Based on conducted studies the article sets out the author's position regarding the list of accounting policies and disclosures in the financial statements in terms of accounting for income tax has been determined.