IMPROVING TAX INCENTIVES FOR HIGH-TECH ENTERPRISES

The author outlines approaches to the use of the tax regulation mechanism in relation to: exemption from taxation of profits received as a result of an investment project based on the criteria of investment volume, compliance with the priority areas of innovation activity and expected socio-economic results; deferral of income tax payment in connection with the implementation of innovative projects. The author substantiates the need to track the targeted use of the benefits received in the form of a tax credit for the innovative development of a research and production enterprise producing oils, lubricants and additives in the context of accelerated implementation of scientific and technological progress. The article considers forecasting the volume of high-tech products output and taxation of export activities of an innovation-active enterprise. The results of using an auto-regressive model for forecasting the amount of tax are presented. Forecast calculations of structural changes in the consumption of lubricant additives by component composition under conditions of taxation rationalization are made. The author substantiates the project of an innovative technology for manufacturing a high-quality additive. The author suggests using tax outsourcing in the context of complex and unstable tax legislation as a component of effective business management of an industrial enterprise. Tax incentives for investment activity of innovative active enterprises should be provided through the use of tax mechanisms: exemption from taxation of profits received as a result of the implementation of an investment project if the investment project meets the established special criteria for the volume of investment, compliance with the priority areas of investment activity, and expected socio-economic results; deferral of income tax payment in connection with the implementation of innovative projects. In this way, the company is entitled to postpone the deadline for paying tax to the periods when investments begin to yield returns, which allows it to preserve the taxpayer's working capital and use it as a source of investment; the tax rate should not be reduced for the entire profit of the company.