Problems and Directions for Improving the Procedure for Calculating and Paying Corporate Income Tax by Tax Agents

One of the primary taxes that shapes the budget is the corporate income tax, which establishes its function as a safeguard for governmental operations. The regularity and volume of tax revenues to the budget directly depend on the resolution of a number of issues that arise in tax practice due to imperfections in the process for calculating and paying corporate income tax, including from profits received by tax agents. This establishes the relevance of the research topic. The efficiency of the functioning of the economy directly depends on how harmoniously and systematically the tax system is built in the state. Currently, it is urgent to solve a number of problems regarding the payment of corporate income tax by tax agents. These should include the withdrawal of profits from taxation, the participation of tax agents in illegal schemes, the use of aggressive tax planning methods, etc. These problems lead to significant budget losses, which necessitates their solution. There is also a need to make changes to the definition of permanent representative offices, review the requirements for the content and volume of pricing information that tax agents are required to provide in order to control transfer pricing, establish uniform standards for reporting in which companies would disclose data on income received, expenses incurred, their distribution, as well as the amounts actually taxes paid by this category of taxpayers.