Abstract
The article proves the relevance of allocating accounting and tax levers of fiscal policy and studying their impact on the continuity of enterprises' foreign economic activity. The purpose of the publication is to clarify the relationship between the accounting and tax levers of fiscal policy and the continuity of foreign economic activity of enterprises, to formulate recommendations for improving fiscal instruments to ensure the competitiveness of enterprises in international markets. The object of the study is the process of influence of accounting and tax levers of fiscal policy on the continuity of foreign economic activity of Ukrainian enterprises in the wartime period. The author used the methods of theoretical generalisation, systematisation, argumentation, comparison, and analysis. The results of the study allowed to prove that foreign economic activity of enterprises largely depends on the impact of accounting and tax levers of fiscal policy. In an unstable tax environment and under martial law, such levers can both contribute to the continuity of operations and create additional obstacles. Martial law has increased challenges for businesses, including logistical difficulties, currency controls, limited financial resources and increased tax risks, which negatively affects the financial stability and competitiveness of Ukrainian enterprises. The scientific significance of the study lies in the systematisation of scientific approaches of Ukrainian and foreign scholars, as well as regulatory provisions to reveal the idea of the impact of accounting and tax levers of fiscal policy on the application of the going concern principle in the foreign economic activity of enterprises. The practical value of the study lies in the characterisation of the applied elements of application of the basic principle of continuity to the formation of financial statements of enterprises, taking into account the specifics of accounting and taxation of foreign economic activity in extreme war conditions. The author concludes that in order to ensure the continuity of foreign economic activity of Ukrainian enterprises, it is necessary to simplify and bring accounting and tax procedures in line with international practice, stabilise tax legislation, expand access to tax benefits and actively introduce digital technologies. Separate accounting and tax levers of fiscal policy allow business managers to focus on strategic budgeting, regardless of the financial condition of their companies.
Published Version
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