Keyword: «tax incentives»

The advantage and novelty of innovation development of economy is based on tax regulation of small and medium business, which in turn is the basis for the efficient functioning of the economy. The priority role plays a regulatory function of taxation, because it stimulates economic development.

Today, municipal authorities in major cities of Russia have reached an understanding that the construction of support measures for non-profit organizations is basically completed and that it is necessary to move to a new level of interaction and building partnerships. Such a transition requires a new conceptual approach, which is often difficult to work out for local governments. The article examines the main problems and suggests solutions to this issue, taking into account the experience of the United States of America.

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.