Importance of Correct Selection of Tax Privileges and Ways of Their Provision at Tax Stimulation of Enterprise Innovation Activity

The article justifies importance of tax stimulation of innovation activity of enterprises. It provides experience of different countries, which apply different instruments when stimulating innovation activity of enterprises. It shows that the most popular of the said instruments are tax ones, and the most popular ways of provision of tax privileges are a tax loan and special deductions. It offers to distribute tax privileges by different taxes within the cluster of tax stimulation of innovation activity for different types of enterprises and organisations. It analyses ways of provision of tax privileges and identifies the most optimal of them. It offers to introduce special deductions and use of increment and cumulative tax privileges, which would give a possibility to activate innovation activity of already existing enterprises and create favourable conditions for enterprises that only plan to start innovation activity. The article provides illustrative theoretical examples for presentation of the effect from the proposed recommendations due to use of different tax privileges and ways of their use.