The simplified tax system will never be the same again

The objective of the study is to analyze the problems and prospects for adapting tax policy by small and medium-sized businesses in order to implement the country's national programs. To achieve this goal, we will consider the following tasks: analyze the problems and advantages of applying special tax regimes, analyze the impact of tax policies on the administrative and financial prospects for small businesses. The theoretical significance of the work lies in the analysis of the problems of applying and functioning of the simplified taxation system by small and medium-sized businesses, expanding the scientific understanding of the prospects for the adaptability of elements of the updated tax policy based on the use of digital technologies by tax authorities and in the context of increasing digitalization of economic processes. Practical significance: the problems of the functionality of the simplified taxation system, the need for their nihilation and minimization of tax risks are identified. Research methodology. The economic and general scientific methods used in the scientific and practical research: classification, systems approach, analysis and synthesis, statistical analysis, comparison, induction, made it possible to achieve the goal and complete the designated tasks.