Abstract
Abstract Agriculture is one of the leading sectors of the Ukrainian economy, and the state pays special attention to its development. One of directions of the state’s support for agriculture is implementation of tax preferences due to which agricultural enterprises have a lower tax burden. The optimal level of the tax burden is an important factor in ensuring the positive dynamics of business activity in agriculture, as well as socio-political stability. The objective of the article is to determine the impact of recent changes in the Ukrainian tax legislation on the tax burden of agricultural enterprises, as well as the possible impact of current draft laws. The article examines features of the tax legislation in Ukrainewith regard to agricultural producers and its changes in recent years - increasing a single tax rate, introduction of indexation of land regulatory, monetary valuation, abolition of the special regime of a value added tax. The advantages and disadvantages of using a simplified taxation system by agricultural enterprises are considered. the study’s outcome comprises recommendations for agricultural enterprises to choose a tax system with the lowest tax burden, as well as recommendations for improving the tax legislation of Ukraine using preferential VAT rates for agricultural enterprises and a tax on withdrawn capital.
Highlights
The agro-industrial branch is an important component of Ukraine's economy − it forms a significant share of gross domestic product, it is responsible for the state’s food security, is an important component of export potential
Tax burden, special tax regimes and the main directions of their optimization is the subject of research by many Ukrainian scientists (Baranova and Dubovik, 2013, Demyanenko, 1999, Zhuk, 2011, Kostornoi, 2014, Krysovaty and Vasylevska, 2013, Prokopchuk, 2014, Tulush, 2016, Tsap, 2018, Yatsukh, 2015, Kovalenko et al, 2021a, Kovalenko et al, 2021b, Trusova et al, 2020, Shevchuk and Kopych, 2018, Odintsov et al, 2020, Halushchak et al, 2019)
The aim of the research was to determine the impact of recent changes in the Ukraninian tax legislation on the tax burden of agricultural enterprises, as well as the possible impact of current draft laws
Summary
The agro-industrial branch is an important component of Ukraine's economy − it forms a significant share of gross domestic product, it is responsible for the state’s food security, is an important component of export potential. The country must create optimal conditions for agricultural development, in particular, reduce the tax burden on agricultural enterprises. We need an effective system of the state support for agricultural producers, which would help to increase production, form an optimal industry structure, improve product quality, implement modern technologies, develop rural areas, etc. Foreign authors pay great attention to creation of an effective tax system and optimization of the tax burden (Rymanov, 2017, Hogan, 2012, Vasiljevic, 2016, Siroky et al, 2016, Slemrod, 1990, Alm and El-Ganainy, 2013, Uryszek, 2018, Troilo et al, 2017, Wach, 2006, McGee, 2008). Tax burden, special tax regimes and the main directions of their optimization is the subject of research by many Ukrainian scientists (Baranova and Dubovik, 2013, Demyanenko, 1999, Zhuk, 2011, Kostornoi, 2014, Krysovaty and Vasylevska, 2013, Prokopchuk, 2014, Tulush, 2016, Tsap, 2018, Yatsukh, 2015, Kovalenko et al, 2021a, Kovalenko et al, 2021b, Trusova et al, 2020, Shevchuk and Kopych, 2018, Odintsov et al, 2020, Halushchak et al, 2019).
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