SYSTEM OF TAX BUDGETING

Tax budgeting is an element of the overall budgeting of the Company. Tax budgeting is a result of corporate tax planning, regulation and control, as well as a combined way of streamlining the Company's tax flows. Tax budgeting is based on the choice of optimal decisions in the direction of tax revenues and tax expenditures in order to maximize profits, and then make decisions about its effective use. The ultimate goal of tax budgeting is to ensure long-term financial stability of the Company. The results of corporate tax budgeting are reflected in the tax budget by recording the results of tax optimization.