Developing financial infrastructure of rural territorial communities in Ukraine through agribusiness entities' statutory payments to local budgets

Abstract

The goal of this article is to analyse the legal regulation of administration (calculating and paying) of tax payments made by agribusiness entities which are different in organizational and legal terms to the local budgets of rural territorial communities and to make proposals concerning the possible measures for theoretical and legal and practical improvement, ways and methods of supporting the income part of rural local budgets in Ukraine. The methodological basis the system of philosophical (dialectic), general scientific (formal logic, analysis, and synthesis), and special scientific (historical and legal, comparative and legal, logical and systematic, and systematic and functional) methods. The research results are deemed successful as they have demonstrated that agribusiness entities play a significant role in contributing to local budgets. It has been proposed to grant the status of a local resident to taxpayers engaged in business activities on the territory of a rural community. A characterisation has been given to the composition of income of local budgets (tax base) by looking into the set number of national taxes which are passed to local budgets, local taxes, non-tax payments. The practical value of this research lies in a recommendation to rural self-government bodies to ensure the increase in the size of the tax base in their budgets by creating communal agribusiness entities undertaking production activities that will be making statutory payments to the local budget of rural territorial communities.