Deferred Tax under IAS 12 in the Chosen Czech and Russian Companies

In this article, the biggest Czech and Russian firms preparing and presenting their financial statements in accordance with IFRS were chosen referring to well-known Czech and Russian stock indices. Then, a system of quantitative characteristics was set and the firms’ deferred taxes were analyzed. Differences between Czech and Russian firms were identified in taxpayers’ strategies and deferred tax indicators related to tax legislative. However, characteristics in the sphere of financial accounting were mainly comparable, which proves effectiveness of IFRS in standardizing of accounting data.