Improving tax legislation in the context of digitalization

T. A. Rakhmetova, N. A. Aldabergenova, Guldana Аmаngеldiеvnа Kuanaliyeva, Edvardas Juchnevicius

2024

Full text Open access: Hybrid Metadata (CSL-JSON)
DOI 10.46914/2959-4197-2024-1-1-7-14
Data confidence 70 medium
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Abstract

This article discusses aspects of the transformation of tax legislation in the context of digitalization. The experience of foreign countries, the main forms of tax incentives are studied, the possibilities of their impact are demonstrated, and at the same time the need to create new areas of the tax mechanism is determined. The effectiveness of the functioning of the state’s tax system is determined by its ability to ensure full and continuous receipt of tax payments to the budget system in order to finance public expenditures. Taxes are one of the most important conditions for the economic stability of any state, since the tax system of any country is one of the most important tools for managing not only the socio-economic functions of the state, but also the system of economic regulation as a whole. Taxation has always been and remains a necessary condition for the existence of the state, the most important instrument of economic policy, contributes to improving economic competitiveness and ensures the exercise of fiscal sovereignty. Tax legislation is a dynamically developing branch of law. This is true, because the tax legislation reflects the country’s policy on taxation and, accordingly, reflects the priorities of society in this area, which vary depending on the stage of development of society. Thus, in accordance with the changes taking place in the world, a set of measures aimed at improving tax legislation in the context of digitalization will be considered.