Novels of legislation and practice on the issues of current tax obligations in bankruptcy

Abstract

This article discusses the issues of payment of current tax obligations, for example, VAT, personal income tax, corporate income tax, corporate property tax, land tax and insurance premiums. The paper demonstrates the latest changes in tax legislation on issues related to the bankruptcy of organizations, as well as the most relevant approaches in current judicial practice. The author examines the reasons for excluding economic operations from the object of taxation VAT in bankruptcy procedures, actual mechanisms for changing the order of satisfaction of current tax payments, as well as the possibility of sub-ordination of current tax payments after settlements with third-party creditors. In addition, the author draws attention to the law enforcement trend of giving priority to some current tax payments in comparison with the requirements of collateral creditors.