Contemporary view of the use of tax benefits

One of the fundamental tools of tax regulation of social economic development is the tax benefits. The purpose of this article is to examine the economic substance of tax incentives and their classification; to monitor the existing legislation in the Russian Federation on the issues of assessing the efficiency and effectiveness of tax incentives; to pay special attention to the positions of Russian scientists and economists on the improvement of methodologies of assessing efficiency and effectiveness of provided privileges. The results of the study allowed to draw the conclusion that the process of using regional tax benefits gets a more organized and orderly form. The analysis of the legislation of the subjects of the Russian Federation within the field of tax incentives and their evaluation showed that the mechanism of tax benefits assessment has a general nature, but does not include a complete list of contributors for which regional tax incentives are provided by the legislation. Thus, the urgent task is to create a methodology for qualitative assessment of effectiveness of provided tax incentives based on separate accounting of provided tax incentives according to categories of taxpayers, which would assess the effectiveness of each form of tax benefit and, consequently, reduce the list of inefficient benefits from them.