Moshkova, D.M. On tax regulation of innovative activities in the Russian Federation.

Abstract: The article is devoted to the problem of tax regulation of the innovative activities in the conditions of the innovative development of the Russian Federation and the innovation policy of the state. The article contains analysis of a number of normative legal acts, documents and programs, defining the terms “innovation” and ‘innovation activity” for the taxation purposes, since the Tax Code of the Russian Federation fails to provide details on these terms. The author studies specific features of taxation for the innovative activities subjects. Additionally, the author discusses the tax relief mechanisms for them, methods of tax stimulation in this sphere (tax exemption for the VAT, investment tax credit, etc.). The author points out contradictions and shortcomings in the current taxrelated legislation regulating innovative activities, their taxation and tax benefits. Additionally, the author formulates the propositions for improving the legislation in this sphere.

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