Financing reports' role in shaping the information support for enterprise taxation

Abstract

Abstract. Purpose. To study the role of financial reporting in shaping the information support for enterprise taxation, to substantiate its importance as a source of reliable and transparent information in disclosing tax liabilities and determining ways to increase the analytical potential of reporting elements in the taxation process. Methods: Systemic, comparative, and analytical approaches, methods of generalization and classification, analysis of regulatory and legal acts of Ukraine, review of scientific sources and their generalization were used. A systemic approach was used to disclose financial reporting as an integral element of information support for taxation. The analytical method was used to study the qualitative characteristics and principles of financial reporting and assess their impact on the formation of tax indicators. Regulatory and legal analysis made it possible to establish the relationship between financial reporting and the mechanism for forming the object of taxation and to determine the features of its integration into the procedures for filing tax returns. Results: It has been established that financial statements are a key source of information for determining tax indicators. Their qualitative characteristics—reliability, relevance, understandability, and comparability—ensure the reliability of the data needed to calculate tax liabilities. Compliance with the principles of financial reporting contributes to the correct determination of financial results and tax indicators. The integration of financial reporting forms and elements into the income tax return provides legitimacy for the calculation of taxes, while standardization and compliance with international standards create conditions for increasing the investment attractiveness of enterprises. Conclusions: Financial reporting is a key tool for forming the information support for enterprise taxation and is normatively integrated into the mechanism for determining tax liabilities. The qualitative characteristics and principles of its formation ensure the objectivity, transparency, consistency, and legitimacy of taxation. The use of financial reporting as part of taxation confirms its status as a mandatory and standardized source of tax information and creates the conditions for the integration of enterprises into the international economic environment.