THE PECULIARITIES OF DESIGNING THE FORECAST MODEL OF THE TAX BURDEN

Gintare Jakstonyte

Abstract


The evaluation of the burden of taxation is a very important indicator influencing both the development of economy and the consumption peculiarities of the business subjects and individuals. However, this indicator is assessed for the past calendar year only. Forecasting methodologies are also not formulated yet. Therefore, this article characterises and distinguishes the gross domestic product which has an essential influence on structuring a forecasting model for the burden of taxation. Whereas, all country’s macroeconomical indicators, according to the equation of regression, during the gross domestic product forecasting are evaluated, their influence on the forecasting of the burden of taxation is evaluated too. When the model of tax burden forecasting was created and applied in practice under the circumstances of Lithuanian Republic taxation system, it came to the open that this model allows to evaluate the burden of taxation for next calendar year with the accuracy of 1,66 percent.


Keywords


the burden of taxation; forecasting model; tax return; gross domestic product; evaluation

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Print ISSN: 1822-6515
Online ISSN: 2029-9338