Tax risk management: strategic approaches and minimization tools

Abstract

Tax risk management is a key element of ensuring the financial stability of an enterprise in conditions of constant changes in legislation and economic uncertainty. The article provides a comprehensive analysis of tax risks and methods of their minimization. In particular, the importance of strategic management of tax risks to ensure the financial stability of enterprises is emphasized.

The purpose of the study is to analyze strategic approaches to tax risk management, as well as to determine effective tools for their minimization. Attention is paid to the impact of economic instability caused by military actions on the taxation system and the need to adapt tax risk management methods to modern conditions.

Methods. The article uses a systematic approach, methods of comparative analysis, statistical methods of assessing tax risks, as well as modeling methods for forecasting possible tax threats and developing effective strategies to overcome them.

 Results. The main types of tax risks, including legislative, operational, financial and reputational risks, have been studied. It was determined that comprehensive management of tax risks should include their identification, assessment, monitoring and minimization. The expediency of integrating tax aspects into the general management system of the enterprise is substantiated, which allows to avoid financial losses and increase the level of business transparency.

Conclusions. The results of the study confirm the need to apply risk-oriented approaches in the field of tax risk management. The analysis of the experimental project at the State Tax Service made it possible to develop recommendations for the implementation of effective tax compliance. It was found that constant changes in the regulatory framework, ambiguous interpretation of norms and growing tax pressure create significant challenges, therefore it is recommended to implement measures such as tax monitoring, optimization of the tax burden, use of insurance instruments to cover risks, as well as strengthening cooperation with tax authorities to prevent offenses.