Lagodienko N., Ph.D. (Economics), Senior Lecturer, Mykolaiv National Agrarian University, Mykolaiv, Ukraine

ORCID ID: 0000-0003-3528-0519
e-mail: besedina77@gmail.com

Bondarenko A., applicant for higher education of Accounting and Finance faculty, Mykolayiv National Agrarian University, Mykolayiv, Ukraine

ORCID ID: 0000-0002-4021-5773
e-mail: ivanenko.anyuta140497@gmail.com

Tarasenko V., applicant for higher education of Accounting and Finance faculty, Mykolayiv National Agrarian University, Mykolayiv, Ukraine

ORCID ID: 0000-0002-9346-8125
e-mail: tarasenkvitalik@gmail.com

Features of Tax Planning in Enterprise Management: Methods and Tools

Introduction. Taxes are a component of the cost of each entity’s products, works (services), and their price or sales revenue and profit. They occupy a significant place among the indicators of financial and economic activity of the enterprise and affect the final financial results of this activity. Payment of taxes causes the withdrawal of cash from the economic turnover of the enterprise, which, of course, leads to a deterioration of its financial condition, and the reduction of capital maneuverability. Frequent changes of the state policy in the sphere of tax legislation, its contradiction, ambiguity, and subjectivity of interpretation of certain tax norms by the control authorities make the owners and managers of the enterprise look for ways to reduce the tax burden on the enterprise in order to strengthen its competitiveness in the market.

Purpose. The purpose is to formulate new and develop existing theoretical and applied foundations for improving tax planning at the enterprise on appropriate principles, and to implement the concept of tax planning, which involves the use of methods, tools, and models for the optimization of tax payments, which are the basic conditions for the formation of scientific methodology and tax planning development of an effective economic mechanism for tax planning.

Results. The research is to implement the proposed methodological recommendations on the implementation of the tax planning concept through the methods, tools and models of tax planning, as well as the use of technological maps and evaluation of the economic efficiency of the implementation of the tax planning concept.

Conclusions. Tax planning is of great importance in the enterprise’s management system and in its tax policy, the essence of which is to choose between different options for financial and economic activity and placement of assets of the enterprise in order to achieve the lowest level of tax liabilities that arise.

Keywords: tax planning; taxes; tax management; tax management; taxation; tax planning methods; tax planning tools.

References:

1. Gluschenko, Y. I. (2005). Tax planning in the enterprise management system. Donetsk: DSUET [in Ukrainian].
2. The Criminal Code of Ukraine (2019). (Order No. 2341-III, October 18) Retrieved from https://zakon.rada.gov.ua/laws/show/2341-14/paran1415 [in Ukrainian].
3. Verkhovna Rada of Ukraine (2019). Tax Code of Ukraine (Order No. 2755-VI, October 20) Retrieved from https://zakon.rada.gov.ua/laws/main/2755-17 [in Ukrainian].
4. Zagorodnii, A. G. (2005). Financial and Economic Dictionary. Lviv Polytechnic [in Ukrainian].
5. Kuzmin, A. E. & Melnyk, O. G. (2003). Theoretical and applied principles of management. Lviv: Intellect-West [in Ukrainian].
6. Krisovaty, A. I., Zagorodnii, A. I., Kizila, A. Y. & Masliy, V. V. (2011). Planning and forecasting of tax revenues. Ternopil: Economic Thought [in Ukrainian].
7. Barulin, S. V., Ermakova, V. V. & Stepanenko, V. V. (2007). Tax management. Lviv: Omega-L [in Ukrainian].
8. Becko, P. K. & Lisa, N. V. (2009). Tax management. Kyiv: Center for Educational Literature [in Ukrainian].
9. Efimenko, T. I. (2010). Finance. Budget. Taxes: national and international terminology. Kyiv: NASU, DNNU, Academy of Financial Management [in Ukrainian].
10. Zamaslo, O. T. (2004). Organization of Tax Management at Industrial Enterprises of Ukraine. Lviv: LNU [in Ukrainian].