Forecast of budget revenues from taxes in the context of economy digitalization

Abstract

Issues of tax planning and forecasting have become increasingly important given the current development of digital technology. Digitalization allows the lowering of tax administration costs and increases the speed of information collection and accuracy of its processing. Though the level of digitalization of Russian fiscal bodies is quite high, there are still many problems that require the application of modern tools to be resolved. The article presents the results of the research, conclusions and recommendations which shall be helpful in developing a universal algorithm for the application of digital tools in forecasting tax revenues in the Russian Federation. The author has studied digital tools applied by fiscal bodies, defined the role of these instruments in forecasting regional tax revenues, identified problems and developed measures to improve the system of planning and forecasting tax revenues in the budget of constituent entities of the Russian Federation. The article will be of interest for theoreticians and practitioners studying the work of Russian tax bodies as a basis for further research and review.