Abstract:

The tax burden is not only a tool for monitoring and planning of financial and economic affairs of the company, but also an important reference point for the state tax policy development as well as for inter-budgetary relations. Taking into account the issues related to the current tax system, a method of oil companies tax burden calculation is presented considering the production of hydrocarbons in oil equivalent. The proposed method makes it possible to reveal the impact of the current taxation system on the affairs of oil companies’ which differ in the scope of activities, commodity and territorial diversification.