THE ECONOMIC ESSENCE OF THE CORPORATE INCOME TAX AND ITS ROLE IN BUDGET REVENUES
Keywords:
Key words: profit tax, legal entities, taxation, budget revenues, economic essence, tax policy, macroeconomic indicators, financial condition.Abstract
Abstract: This article is devoted to the analysis of the economic essence of the corporate income tax and its significant role in the formation of budget revenues. We conducted a study of the essence of income tax, its impact on the activities of enterprises and macroeconomic indicators. The article also considers the basic mechanisms and principles of taxation of profits of legal entities, as well as the impact of changes in tax policy on the financial condition of enterprises and budget revenues.
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