THE PLACE OF TAX PLANNING IN THE SYSTEM OF BUSINESS PLANNING: LEGAL ASPECTS
Journal Title: Юридичний науковий електронний журнал - Year 2016, Vol 2, Issue
Abstract
The article examines current problems of the study of financial law, related to the definition of the place of tax planning in the system of business planning. The author defines the general categories, such as «plan», «planning», «financial planning» and «tax planning». It is impossible to ensure efficient operation in any field, especially in the field of management, without planning. It is emphasized that in the course of planning economic activities, planning of various areas is carried out, to include production and sales planning, planning of resource support of operational activity, workforce and payment planning, financial planning, etc. Financial planning in a broad sense is one of the stages of the financial activities carried out within the financial relations. Financial relations are always regulated by legal norms, i.e. exist in the form of legal relationships, therefore, it is important to determine the legal aspects of financial planning of the company, part of which is tax planning. Tax planning is one of the key components of the planning system of the company. The author draws attention to the need for effective tax planning to ensure the success of the company, emphasizing that its lack can lead to significant financial losses. Tax planning process becomes much more complicated due to the imperfection of the tax legislation, which is inconsistent with the principle of stability and is subject to frequent changes. The author admits that tax legislation must be flexible and responsive to changes in the economic situation in the country; however, such changes must be systemic, while the main elements of the taxes should remain unchanged for at least the budget year. Moreover, taxpayers should be informed in advance about the planned innovations, so that appropriate changes could be taken into account in carrying out tax planning.
Authors and Affiliations
Я. В. Греца
Keywords
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