Mustafa Talaat Talib Al-Taweel’s scientific contributions

Objectives: The study aimed to examine how international accounting standards affect the taxable base of Iraqi banks listed on the Iraq Stock Exchange. Methods: A stratified purposeful sample of 33 participants was selected, including top management from financial departments of the National Bank of Iraq, Commercial Bank of Iraq, and Bank of Baghdad, as well as accountants and auditors. Data was collected using a questionnaire and analyzed through SPSS software. Results: The findings indicated that accounting information provides essential financial and accounting data necessary for calculating income, expenditure, and profits for tax purposes. This data enables government agencies to estimate the tax base more accurately. Furthermore, financial transparency and reporting include disclosing changes in tax rates compared to the previous accounting period. Specific international accounting standards, including Standards 9, 12, 15, 16, 21, and 36, were found to significantly influence the taxable base of the banks. Conclusion: The study concluded that banks should develop deferred tax asset and liability management strategies to reduce deferred tax impacts on financial statements and improve performance. Additionally, banks should periodically review and adjust their accounting and tax practices to comply with local legislation and international accounting standards, particularly in the areas of financial instruments, income tax, revenue recognition, fixed assets, and exchange rate changes.