ABSTRACT

The purpose of the research - is to identify the current shortcomings in the field of taxation in the country and provide theoretical and practical proposals for their elimination.

The methodology of the research - the country's tax system was comprehensively analyzed, the policies and programs applied by leading world countries in the field of taxation were examined, along with a descriptive approach, an analytical approach was applied, economic and statistical data were used, and a comparative analysis was conducted.

The practical importance of the research - taxes are the basis for the formation of the state budget. In this study, tax legislation was analyzed in addition to tax administration in the country, the current shortcomings in the indicated areas were identified and their development directions were determined. In addition, proposals were put forward to expand the tax base in order to increase the tax potential in the country. The application of the proposals put forward will increase tax revenues to the budget, eliminate the budget deficit, and ultimately lead to overall economic development.

The results of the research – the implementation of measures identified in the development directions indicated in the study will contribute to the elimination of shortcomings in the tax field in our country, the efficient use of resources, the reduction of existing costs, the elimination of tax evasion, the stimulation of attracting foreign investors to our country, as well as the development of tax potential and, as a result, the increase in tax revenues to the budget.

The originality and scientific novelty of the research – the existing shortcomings in tax administration were identified; theoretical and practical recommendations were prepared on their elimination and the improvement of tax administration, including the directions for the application of tax incentives to attract investments.

Keywords: tax potential, tax reforms, tax incentives, tax base, tax administration, tax evasion.