Estate tax: domestic and foreign practice and accounting

Abstract

The article considers the international experience of taxation of real estate in foreign countries. The importance of property tax in the developed world due to a number of determinants, the main of which is stable to meet the needs of local authorities in filling the revenue part of the budget is studied. The process of implementation in Ukraine of the mechanism of taxation of real estate is investigated. Highlights of international tax rates on real estate as a fixed or variable, due to the planned budget costs and the value of the existing tax base are in the article. The object of taxation of real estate in Ukraine are divided into residential and nonresidential real estate, while subject to taxation in developed countries act all types of real estate, including residential, commercial, industrial, land, industrial. The list of properties subject to taxation in Ukraine and are not taxed in Ukraine are highlighted in the article. The options accounting tax on nonresidential property in Ukraine indicating the corresponding accounts is characterized.

Authors and Affiliations

Inessa Shepel

Keywords

Related Articles

Implication of ICT use on productivity and regional development planning among small scale enterprises in Ondo state

One of the reasons often cited for underdevelopment of African cities and regions is low application of smart technology to improve means of production. This often led to inefficiency which is ultimately reflected in spa...

Identification of problems and prospects for development of social infrastructure of rural territories of Ukraine

Purpose. The purpose of paper is to assess the current state of the social infrastructure of Ukrainian rural areas, identify problems and justify strategic development benchmarks based on a correlation and regression ana...

Ukrainian restaurant business in formation of food safety under eurointegration conditions

The scientific view at the restaurant industry which affects on the level of the Ukrainian population food supplying is presented in the research paper. The role of the out of the house meals in improving of the food saf...

Curse or blessing: economic growth and natural resources (Comparison of the Development of Botswana, Canada, Nigeria and Norway in the Early 21st Century)

This paper aims to review the concept of resource curse, to summarize key points from existing literature and apply them on four selected countries at the beginning of the new millennium. The practical part investigates...

Common European system of values as the basis of the agricultural enterprises staff motivation

The main problems related to the formation of the European system of values as the basis of agricultural enterprises staff motivation are examined. Considerable attention is paid to the study of base inherent values of E...

Download PDF file
  • EP ID EP199355
  • DOI -
  • Views 189
  • Downloads 0

How To Cite

Inessa Shepel (2016). Estate tax: domestic and foreign practice and accounting. Agricultural and Resource Economics: International Scientific E-Journal, 2(2), 92-104. https://europub.co.uk/articles/-A-199355