Economic Justification of tax Planning

   The application of tax planning by an economic entity will make it possible to release part of the funds from financial (including tax) liabilities and effectively use them in the reproduction process for modernization, reconstruction, improvement of technical conditions for the production of goods, works and services. Every structure of a successful business strives for profitable production, therefore tax optimization, methods and schemes of its application are topical issues. In the context of an annual increase in the tax burden, optimization for entrepreneurial activity is interesting not only for the existing companies, but also for novice businessmen and start-ups.

   The purpose of the study is to substantiate and develop practical recommendations for the implementation of tax planning.

   To achieve it, the following tasks and objectives were set: to study and generalize the views of Russian scientists in modern economic conditions; to develop approaches to improving the mechanism of tax optimization in order to perform the functions assigned to it, and above all, to influence the financial conditions of an economic entity through the possibility of tax optimization provided by legislation. In the course of the work, the following methods of classification were used: abstract-logical, monographic, analytical, logical approach, comparison and generalization, etc.

   The methodological and theoretical basis for the study was the works of representatives of Russian science, regulatory and legislative acts of the Russian Federation regulating the functioning of the tax system; official publications, as well as materials of scientific and practical conferences. The obtained results contribute to the identification of ways to improve the mechanism of tax planning by business entities.

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2. Nosov A. V., Koshelev A. A. Methodological approaches to assessing the debt burden of an organization. Agro-industrial complex: state, problems, prospects. Materials of the XV International scientific and practical conference (Penza, November 26–27, 2020). Penza: Penza State Agrarian University; 2020: 245–248. (In Russ.).

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4. Boldycheva A. G., Klonitskaya A. Yu. Tax risks as an element of tax planning. STIN = Russian engineering research. СТИН. 2022; (7): 29–33. (In Russ.).

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