Tax Monitoring: Selected Aspects of Application

Abstract

The article analyzes the role and importance of the institute of tax monitoring, its principles and mechanism, effectiveness, advantages; the risks of using this form of tax control are identified, and the prospects for its expansion are revealed. The author paid attention to several key aspects related to tax monitoring: an analysis of the benefits of tax monitoring for both business and the state; reducing the administrative burden on taxpayers, improving the quality of tax administration and improving the efficiency of tax authorities; potential threats associated with the use of information technology, as well as possible problems that arise during the process of implementing tax monitoring. According to the author, tax monitoring will change depending on changes in the economic situation and fiscal policy of the country, and adaptation and flexibility in approaches to tax control will become not only desirable, but also necessary to ensure the stability of the tax system. The author concludes that difficult economic conditions will encourage tax authorities to look for new sources of income and effective ways to administer them, which will certainly affect the mechanisms of tax monitoring, and the future of tax monitoring is inextricably linked to the development of technology, changing business environment and the need to adapt to new challenges. According to the author, those tax authorities that will be able to respond quickly and effectively to changes will become leaders in the field of tax control and will be able to ensure a fair distribution of the tax burden in their jurisdictions.