TAXATION OF BUSINESS ENTITIES IN OUR COUNTRY

Abstract

Taxation of business entities is an important aspect of the financial policy of any country. This process involves the assessment and collection of various taxes such as income tax, value added tax (VAT), corporate tax and other relevant levies from business entities. The tax regime for business entities plays a decisive role in creating a business environment, encouraging investments and ensuring state revenues. In particular, it provides an overview of the basics of business taxation, focusing on key aspects such as tax rates, deductions, compliance requirements and tax credits. It also examines the problems faced by business entities in complying with tax legislation, the role of tax authorities in managing and enforcing tax legislation. In addition, the abstract discusses the role of technology in modernizing tax administration and making compliance easier for business entities. Overall, this brief serves as an introduction to the complex and dynamic world of taxation for business entities in the specified country. It recognizes the importance of a well-designed tax system in stimulating economic growth and providing favorable conditions for the development of business entities.