Tax Risks of the State and Taxpayer Organizations: Development of Theoretical Regulations in the Republic of Belarus

Abstract

Introduction. The article outlines the topical issues regarding the level of the study of tax risks in the Republic of Belarus, arising in the process of functioning of the state and taxpayers organizations. Aims. The aim of this article is the development of a number of theoretical provisions describing the nature, content and specific features of tax risks necessary to conduct further theoretical and practical studies of the organization of the tax risk management processes of the state and taxpayer organizations in the Republic of Belarus. Methods. The methodological toolkit was formed on the basis of existing foreign practices analysis and the search for analogies, the application of which would correspond to the current realities of the financial and tax administration in the Republic of Belarus. Results. The introduction of developed proposals will give an undistorted and clear picture of tax risks, which will allow all subjects of tax legal relations to perform more efficient analysis and effective management of these risks. Conclusion. The discussion in this article of the necessity and importance of development in the Republic of Belarus of a theoretical basis for management and regulating tax risks inherent in the functioning of the state and taxpayer organizations, as well as formulating a number of theoretical provisions to describe tax risks will facilitate the organization of methods and algorithms for managing tax risks in the Republic of Belarus both at the state level within the framework of the existing tax legislation, and at the level of taxpayers organizations, taking into account the reduction of financial, time and labor costs for both sides.