STRENGTHENING FISCAL AND REGULATORY PROPERTIES OF A COMPANY INCOME TAX
Journal Title: Приазовський економічний вісник - Year 2018, Vol 5, Issue 10
Abstract
First of all, this was achieved by abolishing the quarterly procedure for declaring income tax for the most categories of taxpayers and introducing the rule for calculating the taxable object on income tax, which is somewhat similar, compared with the previous one, to the financial accounting procedure for the determining income of an enterprise. At the same time, the research has shown, that the current mechanism for collecting this tax form has a number of drawbacks, caused by its insufficient fiscal and regulatory properties. In particular, as demonstrated by the results of our study, the main drawbacks of the current mechanism of collecting domestic company income tax are: discrepancy between tax accounting and financial accounting in determining income for company profit taxation, cost of goods sold and other expenses; possibility to carry forward the negative value of the object of taxation on the company income tax into subsequent tax periods; insufficient level of stimulating investment and innovation activity of enterprises through the mechanism of imposing income taxes. According to the results of the research, the authors have substantiated that in order to solve the most problems of collecting company income tax it is necessary to remove the discrepancies between tax accounting and financial accounting of income and expenses. In addition, it is necessary to eliminate sub-paragraph 140.4.2 paragraph 140.4 of Article 140 of the Tax Code of Ukraine, that provides the possibility to carry forward the negative value of the object of taxation on the income tax into the subsequent tax periods as well as to exempt from taxation the part of a company income, used by its payers for financing innovation and investment projects.
Authors and Affiliations
P. M. Borovyk, B. S. Huzar, M. S. Shliakhtychenko
Keywords
Related Articles
- EP ID EP660761
- DOI -
- Views 102
- Downloads 0
THE ESSENCE OF RISKS IN BUSINESS ACTIVITY OF TRADE ENTERPRISES
The article considers categories «risk» and «uncertainty». It is determined that conducting a business of trade enterprises is related to numerous risks. Factors influencing risk formation are considered. The main groups...
НАПРЯМИ УДОСКОНАЛЕННЯ МЕТОДИКИ ОЦІНЮВАННЯ ЛІДЕРСТВА В УПРАВЛІННІ ПЕРСОНАЛОМ ПІДПРИЄМСТВ РЕСТОРАННОГО ГОСПОДАРСТВА
У статті зазначено актуальність, а також недоліки наявних методик оцінювання лідерства на підприємствах. Обґрунтовано напрями методичної послідовності оцінювання лідерства. Визначено показники оцінювання лідерства на під...
INCREASE OF LABOR PRODUCTIVITY FOR THE ACCOUNT OF EMOTIONAL INTELLIGENCE OF EMPLOYEES
In the article the essence of emotional intelligence, human emotions and their influence on professional activity are revealed. The state of employees’ emotions and their interrelation with productivity of labor on an ex...
FEATURES OF REGULATION AND SUPERVISION OF NON-BANK FINANCIAL AND CREDIT INSTITUTIONS IN UKRAINE
The main points of the feasibility of state regulation of the financial services market were discussed in the article. The regulatory support of state regulation of non-bank financial institutions were analyzed. The effi...
MONEY FUNDS AND EARNINGS ON THE COMPANY'S ELECTRONIC COMMERCE
The object of this study is the accounting of cash in the enterprise e-commerce. The concept of money and its use in online stores, correspondence of accounting accounts on an example of electronic money, development of...