STUDY ON THE CONVERGENCE OF THE ACCOUNTING AND TAX TREATMENT OF THE ADJUSTMENT TO PRESENT VALUE OF FIXED ASSET FORWARD SALES UNDER THE PERSPECTIVE OF TECHNICAL PRONOUNCEMENT CPC 12 WITH THE ADVENT OF LAW 12,973 / 14

Abstract

This article aims to present the main aspects related to the accounting and tax treatment of the adjustment to present value of fixed term sales of property, plant and equipment, since the enactment of Law 12.973/14, which significantly altered the tax treatment of companies In Brazil, identifying the main accounting and tax procedures required to comply with both laws, as well as verifying that the tax treatment adopted by the new legislation converged to the accounting procedure in force. In order to reach this objective, the main concepts related to the adjustment to present value, its measurement and accounting record were analyzed in the first moment according to the technical pronouncement CPC 12; The following was the tax treatment to be observed when adjusting the present value of fixed-term sales of property, plant and equipment. Thereafter, a case study was prepared in order to highlight the impact in terms of results and equity, the main accounting and tax procedures required to comply with both laws. It was verified that the changes made by tax legislation in relation to the accounting treatment of deferred taxes on the adjustment to present value of fixed sales of property, plant and equipment converged to those established by technical pronouncement CPC 12, allowing the accounting transaction to be recorded in In accordance with the standards issued by the Accounting Pronouncements Committee (CPC), as well as meeting the criteria established by the tax legislation, through the use of the book of calculation of the real profit - LALUR.