TAX PREFENRECES AS A FORM OF STATE SUPPORT FOR FARMERS

Authors

Keywords
government assistance, government subsidies, grants, tax relief (preferences), agricultural sector.

Abstract
The vital importance of agricultural production and the interweaving of economic and biological processes determine the need of more state intervention in carrying out the agricultural policy in our country. This policy is implemented by government assistance, government subsidies and grants and tax relief (preferences).

This article characterizes tax preferences as assistance for investments in tangible and intangible assets on farms involved in primary agricultural production. On this basis, the authors offer options for accounting entries in in case of reporting retention of corporate tax and analyse its impact on financial result.

JEL: Q14, Н21
Pages: 10

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