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ECONOMIC SECURITY OF THE ENTERPRISE: TAX RISK MANAGEMENT

Author (s)

Husainov M. K., Lebedeva Y.S., Golovanova N.B.

Abstract

Thearticleexaminesandidentifiestaxrisksinanenterprise, nameswaystoreducetheriskofadditionaltaxcharges, andproposeslegalwaystoreducetaxliabilities. It is noted that tax risks can have a serious impact on the economic security of an enterprise. The specifics of tax legislation, the tax legislation itself and approaches to it, the need to interpret it, and frequently changing judicial practice create certain tax risks for an enterprise. Most often, tax risks arise in cases where an enterprise incorrectly assessed a management decision in terms of calculating and paying certain taxes on a transaction or did not conduct a tax examination of the transaction. Recommendations are given that enterprises should be able to take advantage of the preferences of tax legislation in order to reduce tax liabilities, strictly comply with tax legislation, and develop a strategy for minimizing tax liabilities.

Keywords

economic security, financial stability, tax, tax liabilities, tax risks, tax optimization, tax violations

References

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Publication date

Wednesday, 03 April 2024