Tax Factors in the Business Valuation System
https://doi.org/10.26794/1999-849X-2024-17-2-155-165
Abstract
Modern Russian valuation practice is experiencing difficulties related to tax factors, which is due to the lack of scientific developments in this area. Moreover, according to Federal Standards, the assessment process does not include financial, legal, tax audit and (or) environmental, technical and other types of audit. The subject of the study is the degree of influence of tax factors on the value of the business, which can increase or decrease the investment value of the valuation object. The purpose of the work is to establish the main tax factors that can affect the final investment value of a business. At the same time, the tax factors included in the analysis process during the research are classified into groups depending on appraisers; stakeholders; the external environment. Conclusions are drawn about the special importance in professional appraisal activities of the level of competence of appraisers, their skills and abilities in corporate governance, knowledge of federal laws and other regulatory legal acts of the Russian Federation regulating relations arising in the course of their professional activities. It was revealed that, depending on the experience of appraisers, the investment value of the business indicated in the final report can be adjusted by the amount of deferred tax liabilities, excluding deferred tax assets and tax risks that may affect the business in the future. The tax factors determined by the company’s stakeholders include the peculiarities of accounting policy and the methodology of reporting in the field of taxation.
About the Authors
V. V. Roshchupkina
North Caucasus Federal University
Russian Federation
Russian Federation
Violetta V. Roshchupkina— Doctor of Economics, Professor of the Department of Finance and Credit
Stavropol
A. I. Khakirov
North Caucasus Federal University
Russian Federation
Russian Federation
Ahmed I. Khakirov —Postgraduate student of the Department of Finance and Credit
Stavropol
Yu. Y. Antashyan
North Caucasus Federal University
Russian Federation
Russian Federation
Yuri Y. Antashyan—Postgraduate student of the Department of Finance and Credit
Stavropol
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Review
For citations:
Roshchupkina V.V., Khakirov A.I., Antashyan Yu.Y. Tax Factors in the Business Valuation System. Economics, taxes & law. 2024;17(2):155-165. (In Russ.) https://doi.org/10.26794/1999-849X-2024-17-2-155-165
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