STUDY OF TRENDS IN TAX REVENUES IN THE CONTEXT OF ECONOMIC ENTITIES OF THE REPUBLICS OF THE NORTH CAUCASIAN FEDERAL DISTRICT IN THE CONTEXT OF MODERN CHALLENGES

Abstract

The study presents an analysis of tax revenues by type of economic activity in the regions of the North Caucasian Federal District. The implementation of fiscal policy in relation to business, simplification and creation of conditions for its successful development in the country is of great importance. In Russia, despite the work being done to improve the conditions for doing business, there are still many unresolved problems. An assessment of the effectiveness of the financial component of business entities within the framework of budget revenues of the republics of the North Caucasian Federal District over the past 10 years has revealed trends in changes in the volume of tax revenues under the influence of modern challenges. Tax revenues by type of economic detail are heterogeneous. Economic entities in the regions of the North Caucasian Federal District differ in types of economic activity, both in the area of their financial condition and in the area of tax revenues received by the budget. Across the regions of the North Caucasian Federal District, we observe that the following types of activities predominate in different percentages: mining, wholesale and retail trade, and manufacturing. An assessment of the current state of the financial component of business entities made it possible to identify priorities for increasing the tax potential of business entities in the context of the socio-economic policy of the regions of the North Caucasian Federal District. Over the past few years, given the impact of negative factors such as anti-epidemiological measures in connection with coronavirus infection, the unprecedented impact of sanctions from other countries, the activities of business entities have undergone significant changes not only in the area of tax revenues to the budget. Increasing the tax potential of business entities includes a system of elements, which in turn requires the creation of conditions for their implementation.