IMPROVING THE METHODOLOGY FOR FORECASTING CORPORATE INCOME TAX REVENUES

Abstract

Corporate income tax (CIT) represents one of the most significant sources of government revenue and plays a vital role in ensuring fiscal sustainability. Accurate forecasting of CIT revenues is essential for effective budget planning, fiscal policy implementation, and macroeconomic stability. However, revenue forecasting remains a complex task due to economic fluctuations, changes in tax legislation, business cycle dynamics, and taxpayer behavior.