RECOGNITION OF TAX ADMINISTRATIVE RESIDENT STATUSES AS OTC DERIVATIVE FINANCIAL INSTRUMENTS

Abstract

Currently, there are becoming widespread investment measures of supporting entrepreneurial activity and providing a certain set of rights and tax benefits. Obtaining such preferences means obtaining the status of a Resident of the administrative and tax regime, which is assigned to a designated geographic territory or belonging to a certain regime. From our point of view, the acquisition of such a status is underestimated from an accounting point of view. This article analyzes the statuses of the Skolkovo Residents and Residents of the Free Port of Vladivostok (FPV). Despite the fact that resident companies receive savings on tax breaks of up to 50% and other exclusive rights, such a status is not reflected in the financial statements of such companies, neither in the Balance Sheet, nor in the Statement of Financial Position. In this connection, based on the example of the FPV Resident status, a test is carried out for compliance with the criteria for a derivative financial instrument and how it is reflected in the financial statements.