Development of the Strategy to Control the Enterprise Tax Risks

Abstract

In the rapidly changing economic and legal conditions, constant attention must be paid to identifying and assessing risks, as well as managing tax risks. The use of performance indicators is carried out through continuous monitoring of key risk indicators, which allow you to identify negative events in the early stages and take timely measures to reduce risks. Recently, there has been a trend in the relationship between the functions of tax risk management and monitoring compliance with current legislation. This leads to the fact that the discussion of one of these functions inevitably affects the other. Strengthening the requirements of the law, toughening the responsibility for their non-compliance with this risk of damage to the reputation of the organization. Many organizations continue to focus on top management and tax risk management. Achieving the goals of the organization requires specific ideas about the main activity of the organization, as well as the study of the main types of risks. The process in which the activities of an organization are directed and coordinated in terms of the effectiveness of risk management and is risk management. The application of the risk management system in the organization allows to increase the effectiveness of the organization, namely, to maximize profits due to the reasonable adoption and management of risks, meet leading industry practices, the expectations of counterparties and investors, increase planning efficiency, ensure the predictability of financial results, increase the stability of operating indicators for account of the implementation of the monitoring system.