Improving of the legal regulation of taxation in insolvency on the basis of taxation principles

Insolvency (bankruptcy) is an institution inherent in any developed legal order that provides an economic basis for strategic stability. In conditions of turbulence, the number of bankruptcies is growing like an avalanche and at the same time problematic issues of legal regulation are becoming more acute. One of these issues remains taxation and, in particular, the collection of VAT. The procedure for calculating VAT in bankruptcy has been changed several times under the influence of judicial practice. The courts referred to the principles of taxation in their decisions. The principles of taxation have helped to resolve the most difficult situations both in law enforcement and in lawmaking.