DIRECTIONS OF TAX POLICY LIBERALIZATION DURING MARTIAL LAW IN UKRAINE

Abstract

Abstract. The article proves the relevance of disclosing the directions of liberalization of Ukraine’s tax policy under martial law. The purpose of the publication is to reveal the main directions of tax policy liberalization in order to maintain the economic potential of economic entities under martial law. The object of the study is the process of liberalization of Ukraine’s tax policy during the war. The authors used the methods of theoretical generalization, systematization, argumentation, comparison, and analysis. The results of the study made it possible to reveal the main directions of tax policy liberalization under martial law and to identify promising principles of its development. The scientific significance of the study lies in the systematization of regulatory and legal approaches and developments of scholars on the disclosure of ideas of tax policy liberalization under martial law, which made it possible to present its main directions. The practical value of the study lies in the characterization of applied aspects of tax policy liberalization during the restoration and search for new business development opportunities in extreme war conditions. The author concludes that it is appropriate to liberalize tax policy in Ukraine in order to increase business activity of business entities and stimulate new business investments. At the same time, in the context of martial law, acute shortage of budgetary resources, and large public debt, it is wrong to radically reduce the rates of all national taxes. Reform of the tax system should be carried out primarily in the direction of liberalizing tax policy towards small businesses. For the successful development of tax policy in Ukraine, it is necessary to: reduce the tax burden on business, increase the fiscal efficiency of the tax system by expanding the tax base, improve tax administration, eliminate opportunities for tax evasion, stimulate innovation, and promote the development of small business. Keywords: business entities, business relocation, liberalization, martial law, taxation, taxes, tax policy, war.