Development of the Approaches to the Selection of Criteria for Tax Planning Classification
Journal Title: Центральноукраїнський науковий вісник. Економічні науки. - Year 2016, Vol 30, Issue
Abstract
Criteria of classification of tax planning need further development to ensure efficiency and effectiveness of tax planning of certain taxes, fees and charges at the entity level, regional and national levels. The purpose of this research is the study of approaches to classification of tax planning, taking into account tax items as an economic category and nature of financial and economic activity of the entity. Dynamic modeling of economic activity of the entity allowed to formalize the criteria on which should be based tax planning - tax field of entity for the relevant stages of circulation of capital in the process of economic activity: (1) the acquisition of economic resources for doing business; (2) production of goods (works, services); (3) sales of goods (works, services) and the formation of financial results). Based on the study of a set of indicators that define the process of tax planning, information model of its implementation has been built, the original elements of which are: the main indicators of the entity; the tax base for specific tax obligations objects of taxation which occur at appropriate stages of the circulation of capital; tax benefits provided by law which give the right to release the taxpayer from the obligation of calculation and payment of tax or fee or paying of tax or charge in a lesser amount; arrears of the taxpayer for certain tax payments. It have been substantiated that in order to make a more detailed classification of tax planning elements of tax provided by the current tax laws should take into account. The approaches to the classification of tax planning taking into account the peculiarities of the economic activities of the entity and elements of tax as an economic category on the grounds of such criteria as "cycles of financial and economic activity" and "elements taxes" enable a more reasonable approach to the definition of "control" indicators which should be taken into account when developing financial current and strategic plans of the enterprises at the micro level and in the formation of budget revenues at different levels at the mesolevel and macrolevel. Given the theoretical focus of this study, further developments in this area should focus on building specific models and methods of tax planning for specific tax considering its elements and the cycle of financial and economic activity.
Authors and Affiliations
Halyna Kuzmenko, Volodymyr Shalimov
Keywords
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