MAIN DIRECTIONS OF MODERN TAX POLICY

Abstract

The purpose of the study - The role of tax policy in the formation of state budget revenues
and analysis of the main directions of modern tax policy. Applied significance of the research -
Creating a reliable method of tax planning is one of the ways to improve the budgeting process. Tax
policy also covers the necessary issues of taxes and payments in accordance with the provisions of
the legislative documents. In this regard, ensuring budget stability requires the creation of an efficient
tax policy. Tax regulation acts as a key component of the success of the financial activity of a business
entity. Its main purpose includes issues such as using tax benefits and advantages, minimizing tax
payments by legal methods based on the correct selection of tax regimes and taxation objects, and
literacy on the formation and use of accounting policy elements. Modern tax policy is reflected in the
variety of applied tax types, tax rates, the creation of the circle of taxpayers and taxation objects, and
the application of tax concessions.