Importance of deferred income tax in insurance companies: Case of the Republic of Serbia

Insurance companies in the Republic of Serbia (RS) are required to report deferred income tax accordance with International Accounting Standards (IAS) 12 - Income Taxes. They recognize assets and liabilities on balance sheet or expenses statement. This paper examines materiality Serbian insurance companies, as well its impact assessing profitability corporate burden. The research conducted from 2017 2020 covered 16 has shown that effective rates an average company lower than prescribed rate tax. results have typically, does not materially represent a significant item statement financial position companies. In addition, when burden is sheet.