The object of the study is tax regulation of the insurance market in the context of balancing the interests of
its participants and the state. The purpose of the dissertation is to deepen the theoretical and methodological
foundations of the tax regulation of the insurance market of Ukraine and to develop practical
recommendations regarding the direction of its reform in the context of balancing the interests of participants
in insurance relations and the state. The methodology of scientific research is based on systemic, dialectical
and institutional approaches to the general theoretical understanding of tax regulation as an important
segment of state regulation of the insurance market. When solving the tasks of the dissertation, the following
methods were used: methods of scientific abstraction and generalization, analysis and synthesis, induction
and deduction, observation and comparison - in the theoretical conceptualization of tax regulation of the
insurance market and delineation of its methodological dominants and evolutionary and institutional
foundations; empirical description, grouping, statistical comparison, sample studies - in the process of
researching the realities of taxation of insurance companies; methods of descriptive statistics, factorial,
canonical, correlational and compositional analysis - with the aim of outlining the determinants of the
dynamics of taxation of insurance activity and optimizing the tax base of insurers taking into account
budgetary risks. The most significant scientific results obtained personally by the author, which contain
scientific novelty, include the following: improved: scientific and theoretical approaches to highlighting the
essence of tax regulation of the insurance market as a purposeful influence of the state on the insurance
market; classification of insurance tax regulation tools; scientific and methodical approaches to determining
the determinants of the dynamics of taxation of insurance activity, based on factor, correlation and canonical
analysis; theoretical and methodological principles of assessing the variability of the taxation base of
insurance companies; acquired further development: institutional foundations of tax regulation of the
insurance market; a theoretical and methodological approach to monitoring the performance of insurance
companies in the context of the systematization of the main components and key indicators according to
defined criteria; scientific and methodological tools for modeling an alternative scenario of taxation of
insurers' incomes (profits). The practical value of the results of the dissertation lies in the development of
scientifically based recommendations for improving the tax regulation of the insurance market in Ukraine.
The author's proposals regarding the introduction of changes to the definition of the object of taxation of the
insurer at the rate of 3%, where the sums of insurance payments, contributions and premiums transferred to
reinsurance with their subsequent taxation to the reinsurer should be excluded, regarding the application of
an alternative system of taxation of gross insurance proceeds and the avoidance of double taxation of insurers'
incomes was used in the practical activities of the Main Department of the State Tax Service in the Ivano-
Frankivsk region (reference #8319/6/09-19-00 dated August 11, 2021). The author's recommendations
regarding the formation of a scientifically based methodology for calculating tax differences, which are
related to the formation of insurance reserves and to which the taxable profit is adjusted, are taken for use by
the "Insurance Business" Association when developing proposals for the Committee on Finance, Tax and
Customs Policy of the Verkhovna Rada of Ukraine, the Ministry of Finance of Ukraine and the National
Bank of Ukraine regarding the modernization of taxation of insurers (reference No. 326/1 as of September
7, 2020). The main principles and results of the dissertation are implemented in the educational process of
the Western Ukrainian National University when teaching the disciplines "Tax System", "Insurance",
"Insurance Management".
