Special Aspects of Taxation in Southwestern Constituent Entities of the Russian Federation

The article studies the tax conditions of doing business in the south-western subjects of the Russian Federation from the perspective of integration of these regions into a common economic space. The object of the study is the use of tax benefits, special taxation regimes as a tool for business adaptation to the tax legislation of the Russian Federation in high-risk conditions. The subject of the study is the tax legislation regulating entrepreneurial activity in new regions of Russia. The peculiarities of application in new regions of the Russian Federation of federal, regional and local taxes, special tax regimes, privileges provided for the participants of the free economic zone are considered. It is established that preferential taxation conditions are more established for the participants of the free economic zone, as well as for small and medium-sized businesses. The comparative tax burden for SMEs in different regions is calculated. The conclusions are made about the sufficiency of regional and local authorities' capabilities to conduct regional tax policy aimed not only at the formation of preferential tax conditions, but also at the formation of own sources of tax revenues.