IMPROVEMENT OF THE METHODOLOGICAL BASIS OF TAX PLANNING OF THE ORGANIZATION

Objective The purpose of the work is to improve the methodological support for the process of forming the tax policy of organizations as a set of actions and a certain sequence of steps of an economic entity aimed at optimizing the tax burden within the framework of legislation.

Methodology The paper examines the layer of knowledge and theoretical and methodological views in the field of tax planning, based on research by domestic and foreign scientists, as well as on the results obtained and conclusions of the authors. General scientific methods of grouping, logical analysis, comparison, synthesis, systematization, and tabular are used, tabular method

Results The author's view on the algorithmization of the tax planning process and the use of appropriate tools at a certain stage is presented. Based on the use of an integrated approach to the algorithmization of tax planning as a correlation of the set of applied methods and tools for its implementation, a universal sequence of stages of tax planning in an organization is proposed, capable of ensuring an organic combination of methods and tools for its implementation.

Conclusions The developed tax planning algorithm helps to improve the tax policy of an economic entity by making the necessary adjustments to the organization’s tax model as the influence of internal and external factors increases. The use of a two-circuit scheme of tax burden planning allows, on the basis of monitoring, analysis and control, to optimize it in the current period and, if necessary, to switch to a new tax model in the future.