Keyword: «state fiscal policy»

The work examines the role of tax incentives in the economic system of the Republic of Belarus, their legal framework, and significance for state fiscal policy. Tax incentives are defined as a financial-legal category regulated by the Tax Code and perform several key functions, including distributive, stimulative, and regulatory. The authors emphasize the need to resolve discrepancies between the theory and practice of taxation, as well as to amend the legal definition of tax incentives to enhance their effectiveness and transparency. In conclusion, it is proposed to introduce a new chapter into the Tax Code, regulating the objectives and tasks of tax incentives, to ensure their alignment with legal provisions and the economic goals of the state.