Accounting of tax benefits

The stimulating function of taxes arises with the expansion of the economic activity of the state. It purposefully affects the development of the national economy in accordance with the adopted state programs. [1] The essence of the regulatory function lies in the fact that taxes exist in society exclusively to regulate economic relations, and also in the fact that taxes are levied on resources allocated for consumption, and resources allocated for the development ofproduction are exempted from taxation. The incentive function of taxes is manifested through a system of incentives for enterprises and types of activities that are considered priority for the state and useful or important for society. The main purpose of tax incentives is to reduce the size of the taxpayer's tax liability. [1]