Sezs: EXPLORING THE ETYMOLOGICAL CONCEPT OF A DEFINITIONAL APPROACH TO STUDY OF ECONOMIC IMPLEMENTATION

Functioning of special economic zones as well as providing them with various tax preferences are of utmost importance in economically developed countries. Simultaneously, effective functioning of special economic zones represents a qualitative indicator of the ongoing fiscal policy. For the most part, this approach is used in the countries where an increase in the economic and social level of development is required. In this regard, studying the peculiarities of expanding the effect of tax incentives and preferences in the territory of special economic zones acquire special significance, especially during the period of slowdown in economic development due to the global impact of COVID. The study examines the features of the territories' functioning under the preferential tax regime. This, in turn, made it possible to identify the key directions in terms of their further functioning based on the development of a unified methodology. This approach seems more attractive for all the participants in international relations involved in designing and developing equipment since it allows these territories to apply a new generation 5G network in the field of hightech industries, as well as to gradually integrate with foreign industrial parks on common digital platforms. The practical significance of the study implies that the considered provisions of the scientific research are fully applicable as recommendations in the study of financial disciplines both in theory and practice of collection and payment of taxes and fees.