CURRENT TAX ISSUES IN THE REPUBLIC OF BELARUS

Abstract

According to actual conditions of national economies development, the main objective is the formation and execution of state budget revenues with the aim of deficit-free budget. Also, the task is to find out and receive in the current situation additional sources of financing costs, primarily compensation-related costs due COVID-19, costs of affected industries and services, social security costs. The main tool for achieving these goals is the tax system. The scientific article focused on the issues of tax development system in the Republic of Belarus, influence of growth ratio revenue from taxation on the state budget in 2016-2020 and the level of the tax burden. Though, in the article the problems of the functioning of the national tax system are specified and the directions of its reforming are determined. In particular, the procedures of calculating and collection of income tax and tax on property, application of tax holiday are considered as the directions of reforming. Data research is generated by means of the economic methods of analysis. The paper also identifies the conclusions and suggests the choices for determining the cadastral value of real estate, the application of tax preferences for organizations that employ disabled people