METHODOLOGIES OF FISCAL PRESSURE DETERMINATION FOR ECONOMIC ENTITIES: SYNTHESIS AND REFLECTIONS

Corina BULGAC Academia de Studii Economice a Moldovei

Abstract

The level of fiscal pressure influences the financial situation of each taxpayer. In this regard, this indicator is very important for any entity, especially for those newly created. It is crucially important to estimate that indicator in order to calculate the possible financial consequences in the event of changes in the tax legislation. The timeliness of the problem is that today all entities located in the Republic of Moldova, irrespective of the type of activity and property, are faced with the obligation to make tax payments to budgets at different levels, which given wrong approaches can lead to unnecessary costs and legal problems. It is, therefore, necessary to carry out a timely and systematic assessment of the tax burden for its optimisation. The purpose of this paper is to develop the theory and methodology in the field of fiscal management, to analyse several methods for determining the fiscal pressure at micro and macroeconomic levels used in practice, as well as to illustrate the one that would facilitate the adoption of managerial decisions within investment projects, a more profitable investment of facilities, a more efficient production location, and the analysis of business outcomes in preparing short and long-term business plans. Keywords: fiscal pressure, direct taxes, indirect taxes, absolute fiscal pressure, relative fiscal pressure, indicator, tax planning.