IMPROVING INCOME TAX ANALYSIS METHODOLOGY IN BUSINESS ENTITIES

Abstract

In this article, the role of profit tax from legal entities in the composition of tax revenues, its impact and importance on the financial results of economic entities is studied. The necessity of optimizing tax expenses, making tax payments on time, reducing the tax burden, and effectively organizing and implementing tax analysis was noted.

The analysis of the company's tax payments and the factors affecting its change lays the groundwork for the adoption of appropriate management decisions on the optimization of tax expenses and the coordination of tax obligations. Due to the fact that tax payments are one of the main shares in the structure of expenses in the enterprise, its economic analysis is of great importance. From this point on, the article describes the dynamic analysis of the profit tax levied on legal entities, the factors influencing its change, the models of their connection with the result indicator, and the methods of economic analysis used in calculating the value of the influence of factors. Tax base, tax rate, taxable profit, non-deductible expenses, non-taxable income and exemptions are studied as factors affecting the amount of profit tax. Also, the participation of these indicators in the formation of the net profit of the enterprise is indicated.