RISKS AND THREATS OF TAX SECURITY OF THE ENTERPRISE AND WAYS OF THEIR MINIMIZATION UNDER THE INFLUENCE OF COVID-19
Abstract
The purpose of the article is to study the risks and threats to tax security of the enterprise and outline ways to minimize them under the influence of David-19. In the process of research the methods of observation, comparison, analysis, synthesis, and generalization were used. The study is based on the hypothesis that the identification of tax security risks will increase the validity, efficiency and analytical information on their management and develop measures to minimize the impact of COVID-19 on business activities in accordance with modern management requirements. The article presents threats to doing business. It is established that the “Fiscal Crisis” ranked sixth in the adjusted results for 2020 (34% of respondents). It is substantiated that the risks of global epidemics, risks of military conflicts, and the risk of dysfunction of the management system have become a new threat to tax security; and the risk of social instability. The stages of risk management of the enterprise are given: identification, planning, management methods, risk assessment, monitoring of tax risks and analysis of the effectiveness of their management. The methods of tax risk management in the conditions of Covid-19 (Ukrainian practice in terms of duties and other taxes on import transactions; extension of the deadline for filing reports/making tax payments; suspension of tax inspections; value added tax and other indirect taxes) are characterized and the necessity of introduction of offers on development of the Fiscal road map of economic recovery is proved. Which should include the following stages: Stage 1: Pandemic period; Stage 2. Postpandemic; Stage 3. Stabilizing. It is concluded that countries are seeking to restore their public finances, and that taxes will play a key role, both in terms of income levels and in terms of the tax structure, which may need to be adapted to the Post-Age period. And business management and public authorities should keep in mind that the best way to increase tax revenues is to support sustainable growth, including through strong and sustainable incentives, as this will increase tax revenues.
References
Вигівська І.М. Бухгалтерський облік діяльності підприємств в умовах ризику: організація та методика : дис. ... канд. екон. наук : спец. 08.00.09 ; Житомирський державний технологічний університет. Житомир, 2009. 372 с.
Влияние пандемии: обзор глобальных рисков. URL: https://coronavirus.marsh.com/ru/ru/insights/research-and-briefings/covid-19-risks-outlook-preliminary-mapping-and-implications.html (дата звернення: 04 грудня 2020).
Євтушенко Н.О. Податкові ризики та система керування ними. Вісник Дніпропетровського університету. Серія: Менеджмент інновацій. 2016. Вип. 6. С. 68–77.
Мисник Т.Г., Безкровний О.В, Романченко Ю.О. Податкові ризики: характеристика та шляхи мінімізації. Актуальні проблеми економіки. 2016. № 6 (180). С. 158–166.
Подік І.І., Гончаров Ю.В. Податкова складова економічної безпеки України : монографія. Київ : Інтерсервіс, 2017. 210 с.
Турпак Т.Г., Назаренко Я.Я., Горобінська І.В. Податкова безпека транспортних підприємств. Економіка та держава. 2020. № 9. С. 59–63. DOI: https://doi.org/10.32702/2306-6806.2020.9.59.
Удосконалення податкової системи України в контексті викликів та загроз, спричинених поширенням COVID-19 : аналітична записка / заг. ред. О.В. Драган, C.М. Брехова, О.І. Нагорічної. Ірпінь : Міністерство фінансів України, Університет ДФС України, Науково-дослідний інститут фіскальної політики, 2020. 96 с.
Chooi A. Improving Tax Compliance Establishing a Risk Management Framework. The Governance Brief. 2020. № 39. 32 p.
COVID-19 Global Tax Developments Summary Updated as of November 29, 2020. URL: https://assets.kpmg/content/dam/kpmg/us/pdf/2020/03/covid-19-tax-developments-summary.pdf?nv (дата звернення: 04 грудня 2020).
Fiscal Policy for an Unprecedented Crisis. URL: https://blogs.imf.org/2020/10/14/fiscal-policy-for-an-unprecedented-crisis (дата звернення: 04 грудня 2020).
Global Average Risks & Sectors 2020. URL: https://widgets.weforum.org/regionalrisks2020/home.html#risksectors (дата звернення: 04 грудня 2020).
OECD Policy Responses to Coronavirus (COVID-19). Tax and fiscal policy in response to the Coronavirus crisis: Strengthening confidence and resilience. Updated 19 May 2020. URL: https://www.oecd.org/coronavirus/policy-responses/tax-and-fiscal-policy-in-response-to-the-coronavirus-crisis-strengthening-confidence-and-resilience-60f640a8 (дата звернення: 04 грудня 2020).
Regional Risks for Doing Business 2020. Insight Report. URL: https://www.mmc.com/content/dam/mmc-web/insights/publications/2019/oct/Regional_Risks_For_Doing_Business_WEB%20FINAL.pdf (дата звернення: 04 грудня 2020).
The Covid-19 crisis in Ukraine 17 November 2020. URL: https://www.oecd.org/eurasia/competitiveness-programme/eastern-partners/COVID-19-CRISIS-IN-UKRAINE.pdf (дата звернення: 04 грудня 2020).
Ukraine: Tax relief measures, responding to coronavirus (COVID-19) March 26, 2020 URL: https://home.kpmg/us/en/home/insights/2020/03/tnf-ukraine-tax-relief-measures-coronavirus.html (дата звернення: 04 грудня 2020).
World Economic Outlook, October 2020: A Long and Difficult Ascent. October 2020. URL: https://www.imf.org/en/Publications/WEO/Issues/2020/09/30/world-economic-outlook-october-2020 (дата звернення: 04 грудня 2020).
Vigivska I.M. Bukhgalters’kij oblik diyal’nosti pidpriyemstv v umovakh riziku: organizacziya ta metodika [Accounting of enterprises in conditions of risk: organization and methodology] [Tekst] : dis. ... kand. ekon. nauk : 08.00.09; Zhitomir. derzh. tekhnol. un-t. Zhitomir, 2009. 372
Vliyanye pandemy: obzor globalnyh ryskov [Impact of a pandemic: an overview of global risks]. URL: https://coronavirus.marsh.com/ru/ru/insights/research-and-briefings/covid-19-risks-outlook-preliminary-mapping-and-implications.html (accessed 04 December 2020).
Yevtushenko N.O. (2016) Podatkovi ryzyky ta systema keruvannya nymy. [Tax risks and their management system] Visnyk Dnipropetrovskogo universy’tetu. Seriya: Menedzhment innovacij. Vyp. 6, p. 68–77.
Mysnyk T.G., Bezkrovnyj O.V, Romanchenko Yu.O. (2016) Podatkovi ryzyky: xarakterystyka ta shlyaxy minimizaciyi [Tax risks: characteristics and ways of minimization]. Aktualni problemy ekonomiky. № 6 (180), p. 158–166.
Podik I.I., Goncharov Yu.V. (2017) Podatkova skladova ekonomichnoyi bezpeky’ Ukrayiny [Tax component of economic security of Ukraine]: Monografiya. Kyyiv: Interservis. 210 p.
Turpak T.G., Nazarenko Ya.Ya., Gorobins’ka I.V. (2020) Podatkova bezpeka transportnyh pidpryemstv [Tax security of transport enterprises]. Ekonomika ta derzhava. № 9. P. 59–63. DOI: https://doi.org/10.32702/2306-6806.2020.9.59.
Udoskonalennya podatkovoyi systemy Ukrayiny v konteksti vyklykiv ta zagroz, sprychynenyx poshyrennyam COVID-19 : analitychna zapyska [Improving Ukraine’s Tax System in the Context of Challenges and Threats Caused by the Spread of COVID-19: An Analytical Note] ; zag. red. O.V. Dragan, S.M. Brexova, O.I. Nagorichnoyi (2020). Min-vo finansiv Ukrayiny, Un-t DFS Ukrayiny, Nauk.-doslid. in-t fiskalnoyi polityky. Irpin. 96 p.
Chooi A. (2020) Improving Tax Compliance Establishing a Risk Management Framework. The Governance Brief. № 39. 32 p.
COVID-19 Global Tax Developments Summary Updated as of November 29, 2020. URL: https://assets.kpmg/content/dam/kpmg/us/pdf/2020/03/covid-19-tax-developments-summary.pdf?nv (accessed 04 December 2020).
Fiscal Policy for an Unprecedented Crisis. URL: https://blogs.imf.org/2020/10/14/fiscal-policy-for-an-unprecedented-crisis (accessed 04 December 2020).
Global Average Risks & Sectors2020. URL: https://widgets.weforum.org/regionalrisks2020/home.html#risksectors (accessed 04 December 2020).
OECD Policy Responses to Coronavirus (COVID-19). Tax and fiscal policy in response to the Coronavirus crisis: Strengthening confidence and resilience. Updated 19 May 2020. URL: https://www.oecd.org/coronavirus/policy-responses/tax-and-fiscal-policy-in-response-to-the-coronavirus-crisis-strengthening-confidence-and-resilience-60f640a8 (accessed 04 December 2020).
Regional Risks for Doing Business 2020. Insight Report. URL: https://www.mmc.com/content/dam/mmc-web/insights/publications/2019/oct/Regional_Risks_For_Doing_Business_WEB%20FINAL.pdf (accessed 04 December 2020).
The Covid-19 crisis in Ukraine 17 November 2020. URL: https://www.oecd.org/eurasia/competitiveness-programme/eastern-partners/COVID-19-CRISIS-IN-UKRAINE.pdf (accessed 04 December 2020).
Ukraine: Tax relief measures, responding to coronavirus (COVID-19) March 26, 2020 URL: https://home.kpmg/us/en/home/insights/2020/03/tnf-ukraine-tax-relief-measures-coronavirus.html (accessed 04 December 2020).
World Economic Outlook, October 2020: A Long and Difficult Ascent. October 2020. URL: https://www.imf.org/en/Publications/WEO/Issues/2020/09/30/world-economic-outlook-october-2020 (accessed 04 December 2020).
