Taxation of Legal Entities and its Impact on Financial Performance
https://doi.org/10.26794/1999-849X-2025-18-5-122-132
Abstract
The subject of the study is the system of taxation of legal entities and its impact on key financial indicators of economic activity, including net profit, return on sales and assets. The relevance of the work is determined by the need to find a balance between the fiscal interests of the state and the financial stability of the business. The aim of the work is to identify the structural relationships between the tax burden and the financial results of companies and to develop recommendations for optimizing the tax strategy while observing the «golden rule» of economics. The features of the application of preferential tax regimes and the risks associated with changes in tax legislation are considered. The analysis of the dynamics of the tax burden in various sectors of the economy, including a comparative assessment of the tax burden on businesses in the federal districts of Russia. The tax burden has been calculated through the net return on sales and assets. When calculating the tax burden, it is proposed to use the same method of recognizing revenue and tax liabilities through their accrual under the general taxation system. The high tax burden negatively affects the profitability of companies and reduces their investment attractiveness. An important aspect is the justification for tax optimization, not only to minimize tax liabilities, but also to use the released resources in the development, implementation of technologies and sustainability in the market. The conclusion is made about the impact of the growing tax burden on the reduction of net profit, return on assets and the critical importance of optimizing the tax strategy for sustainable development in the context of annually changing tax legislation.
About the Author
N. V. Ruban-lazareva
Financial University under the Government of the Russian Federation; Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Natalia V. Ruban-Lazareva – Prof. of the Department of Taxes and Tax Administration; Prof. of the Department of State and Municipal Finance
Moscow
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For citations:
Ruban-lazareva N.V. Taxation of Legal Entities and its Impact on Financial Performance. Economics, taxes & law. 2025;18(5):122-132. (In Russ.) https://doi.org/10.26794/1999-849X-2025-18-5-122-132
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