SMALL BUSINESS: THE APPLICATION OF SPECIAL TAX REGIMES

Small business is an important sector of the market economy of any state, due to a number of objective reasons. As a result of the development of small and medium-sized businesses, new jobs are created, new sources of income appear in the structure of the household budget, the social burden in the expenditure part of the budget decreases. Thus, in the system of economic relations, small business can solve a number of social issues aimed at increasing employment and welfare of citizens. In addition, a small business allows to adapt the production to changing circumstances and thereby respond quickly to market needs; makes products cost-competitive and as a result, a layer of small business for the state is a major source of tax revenue. Today to subjects of small business according to the legislation are offered a number of the systems of the taxation and tax privileges directed on optimization and minimization of the taxation of these categories of taxpayers for the purpose of the state support of their activity. The article analyzes the existing special tax regimes for small businesses, identifies the advantages and limitations of each of them