ISSUES OF THE IMPACT OF THE IMPLEMENTATION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) ON CORPORATE INCOME TAXATION IN UZBEKISTAN

Abstract

This article provides an in-depth analysis of the impact of implementing International Financial Reporting Standards (IFRS) on corporate income tax calculations in Uzbekistan. The study examines the differences between IFRS and National Accounting Standards (NAS), the criteria for recognizing income and expenses, and how these divergences influence the taxable base. The article also highlights key issues related to the interaction between tax authorities and enterprises, transformation rules, risks of tax disputes, and the implications for investor confidence. The author proposes recommendations for harmonizing tax legislation with IFRS, developing qualified personnel, and adopting international best practices.