Legal regulation of the application of benefits on mandatory payments by individual subjects of financial law

Abstract

Issues related to tax benefits are an integral part of the stimulus function of taxes. The article is devoted to the analysis of doctrinal definitions of “tax exemption”, correlation of this concept with the term tax preference. The article provides a classification of tax benefits with practical examples. For the purposes of the research the authors consider various approaches to definition of a “tax benefit”, the norms and law-enforcement practice substantiating differentiation of the mentioned concept and the term “tax preference” are investigated. A separate consideration of the provisions on taxation of innovative activities and IT-companies. In addition, the authors formulated a proposal to improve the legislation in this area.