Abstract
The purpose of the paper is to provide scientific and analytical substantiation for the organizational and legal forms of business entities of mining and logging sectors in accordance with the requirements of the EU Accounting Directive 2013/34 on the disclosure of complete and objective information of tax payments in favour of the state. Subject of study.Regulatory framework for the organizational and legal forms of economic entities of mining and logging sectors. The article substantiates the need for implementation in Ukraine of international standards and best practices of disclosure of information in the extractive industries (mining and logging) in accordance with the Initiative on providing transparency based on main provisions of the accounting Directive 2013/34/EU. Disclosure of information will provide the public with the possibility to access complete and objective information on payments of business entities that operate in the extractive industries in favor of their recipients, creating preconditions for publicly responsible use of minerals resources of national importance. For this purpose, the organizational and legal forms of business entities for the last three years (01.01.2015 - 01.01.2017) have been analyzed and the compliance of the Directive 2013/34/EU with their criteria has been determined.On the basis of the information received it is necessary to make adjustments to legal acts of the business entities in Ukraine. Conclusions. Organizational and legal status of economic entities operating in Ukraine (mining and logging industries) needs to be revised according to the requirements of the Directive 2013/34/EU and the current legal and regulatory framework. For this it is necessary to determine such indicators as total balance sheet and net turnover considering the average number of employees in the unit of account of European countries. This will lead to the business entities consolidation correspondingly to reducing their number, and will thereafter facilitate the administration of taxes in Ukraine.
Highlights
Disclosure of information will provide the public with the possibility to access complete and objective information on payments of business entities that operate in the extractive industries in favor of their recipients, creating preconditions for publicly responsible use of minerals resources of national importance
Organizational and legal status of economic entities operating in Ukraine needs to be revised according to the requirements of the Directive 2013/34/EU and the current legal and regulatory framework
For this it is necessary to determine such indicators as total balance sheet and net turnover considering the average number of employees in the unit of account of European countries
Summary
Sutta vydy finansovykh ryzykiv u systemi ryzyk-menedzhmentu pidpryyemstva [The essence and types of financial risks in the enterprise risk management system]. Seriya : Oblik ta audyt – Bulletin of the Lviv Polytechnic National University. Planuvannya i prohnozuvannya sotsialnoyi vidpovidalnosti subyektiv hospodaryuvannya ahrarnoyi sfery ekonomiky [Planning and forecasting of social responsibility of subjects of management of agrarian sphere of economy]. Ahrosvit - Agrosvit, 17, 31-37 (in Ukr.). Metody analizu finansovykh pyzykiv [Methods of analysis of financial psychics]. Problemy teoriyi ta metodolohiyi bukhhalterskoho obliku kontrolyu i analizu - Problems of theory and methodology of accounting, control and analysis, 2(20), 221-229 (in Ukr.). Visnyk Berdyanskoho universytetu menedzhmentu i biznesu - Bulletin of the Berdyansk University of Management and Business, 4 (36), 60-63 (in Ukr.)
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