Ativos Fiscais Diferidos nas Instituições Financeiras: Uma Abordagem Sobre Riscos

Abstract

    The present article is intended to evidence the impact of the accounting record of deferred tax assets on the risk structure of financial institutions. Firstly, it discusses the deferred income tax accounting by contemplating the norms IAS 12 and FAS 109. Following that, it reviews the Brazilian regulations that govern the accounting of deferred taxes in the financial institutions, by analyzing the accounting and tax rules. Besides other issues, it covers how the deferred tax assets can be constituted in financial institutions through both temporary additions and tax losses/negative bases. By relying upon the theoretical background, a correlation is made between the accounting of deferred tax assets and the determination of the minimum required capital (required equity) in face of the banking risks. In order to illustrate such relationship, it develops a model for calculating the capital adequacy index (Basiléia Index) for a Brazilian commercial bank, thus identifying the effects of the accounting record of the deferred tax assets. As a conclusion, it was found that it is crucial that managers and bank regulators follow up the evolution of the required capital on a regular basis, as well as monitor the quality of the deferred tax assets that are recognized by the financial institutions.