ABSTRACT
Each segment of the financial management of the hotel business entity contains tax aspect. Regular changes in the tax legislation associated with the growth of the tax burden are painfully reflected on the enterprises of the hotel industry. The successful operation of the hotel business requires an appropriate tax management system. Tax portfolio development for the hotel business entity can become both a means of further business development and a source of onerous expenses. One of the key factors affecting the composition and amount of the tax portfolio is the use of tax alternatives. The main research goal of this study is to develop scientific and practical recommendations in order to determine the efficiency potential of the hotel business through the use of tax alternatives. According to the goal, such objectives have been set and realized in the article as definition of institutional basis of tax alternatives, a research of risk-oriented approach to tax portfolio management and identification of hotel business potential based on tax alternatives. Keywords: tax portfolio, tax alternatives, hotel business.
