The Department of Financial Studies the Post-graduate Institute for Accounting and Financial Studies at the University of Baghdad discussed the research titled (adopting the application of the international standard IFRS 15 in achieving the rule of tax justice) for the student Abbas Qasim Mohammed to obtain a higher diploma equivalent to a master’s degree in taxes and grants its holder All rights and privileges of a master’s degree.
The study aimed to achieve the basis of tax justice by conducting a comparison between the tax accounting process according to the application of the International Financial Reporting Standard IFRS 15 and the actual tax accounting procedures currently used in the General Tax Authority (a state of affairs) to determine the annual and total tax differences.
The study concluded the need to apply the international standard IFRS 15 by the companies of long-term contracting contracts, which contributes to achieving the base of tax justice when conducting the tax accounting process for contracting companies, and to develop treatments for the obstacles that hinder the process of adopting the international standard IFRS 15, through the study of laws, regulations and instructions Which contradicts the application of the standard, on top of which is Income Tax Law No. 113 of 1982.
