The model of the integrated system of financial monitoring of tax risks in the supervisory and review activities of the State fiscal service bodies of Ukraine

Abstract

Introduction. The research considers the integrated system of financial monitoring of tax risks in the supervisory and reviews activities of the State Fiscal Service bodies of Ukraine.

The purpose of the scientific research is to provide reasoning and the main focus areas for the integration of the system of financial monitoring of tax risks in the supervisory and review activities of the State Fiscal Service bodies of Ukraine. The main advantages of the integrated system of financial monitoring of tax risks are to be defined and their general description is to be compiled.

Methods (methodology). The following general scientific and specific methods have been applied in the process of the scientific research: analysis and synthesis – to study the object and the subject of the research; generalization and scientific abstraction – to study the foundations of the work of the tax system, to establish the relationship and the subordination of the strategy, objectives and tactics of the fiscal services activities; systems analysis – to analyse the process of monitoring of tax risks and to determine the sequence of conducting the supervisory and review activities aimed at the taxpayers; a graphical method – to provide a visual demonstration of the studied phenomena and processes; economic and mathematical modelling – to develop the efficiency model of the integrated system of financial monitoring of tax risks in the supervisory and review activities of the State Fiscal Service bodies of Ukraine.

Results. The structure chart featuring the stages of the integrated system of financial monitoring of tax risks has been developed on the basis of these findings, their detailed description has been provided and the model of the integrated system of financial monitoring of tax risks in the supervisory and review activities of the State Fiscal Service bodies of Ukraine has been presented. The suggested model of the integrated system includes the analysis of the environment in which the financial monitoring of tax risks is carried out, the influence upon the taxpayers’ behaviour, identification, risk analysis, assessment and taking a risk decision. The principles of developing the evaluation criteria for tax decision options with due regard for the risk have been established. The measures aimed at risk avoidance that can be implemented on the legislative and methodological levels have been indicated.