ISSUES OF ENHANCING COMPETITIVENESS IN THE LIGHT INDUSTRY SECTOR THROUGH THE REDUCTION OF TAX ARREARS
DOI:
https://doi.org/10.5281/zenodo.22091009Abstract
Tax arrears are debts owed by a taxpayer to the budget in respect of taxes, fees, penalties, and other mandatory
payments stipulated by legislation that have not been paid within the deadlines established by law. An increase
in the amount of tax arrears reduces the competitiveness of enterprises. From a scientific perspective, tax arrears are not
merely a reduction in budget revenues but also a factor affecting the liquidity, financial stability, investment activity,
and economic security of an enterprise. This process has a significant negative impact on the further development of
the light industry and on ensuring its competitiveness, as is the case with enterprises in other sectors. From this perspective,
conducting a scientific analysis of this process and developing scientific recommendations aimed at reducing
tax arrears is of significant scientific relevance. Accordingly, the main objective of this article is to develop scientific recommendations
based on a scientific analysis of these processes.
Keywords
taxation, tax arrears, tax burden, incentive role of taxes, tax policy, light industry enterprises, tax incentives, tax deductions, tax exemption.References
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