THE NECESSITY OF DEVELOPMENT OF THE TAX SYSTEM OF UKRAINE FOR THE INVESTMENT CLIMATE IMPROVING

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THE NECESSITY OF DEVELOPMENT OF THE TAX SYSTEM OF UKRAINE FOR THE INVESTMENT CLIMATE IMPROVING

Journal Title: Молодий вчений - Year 2017, Vol 2, Issue 42

Abstract

In Ukrainian realities, business stimulation with the level of shadow economy of 40% does not always promise clear consequences. The Law “On Amendments to the Tax Code of Ukraine on the Improvement of Investment Climate in Ukraine” (bill draft №5368) on 21.12.2016 № 1797-VIII is endorsed. This Law dispenses newly-created enterprises from any inspections for three years if they have a turnover less than 3 billion hryvnias. There is an implementation of provisions on the e-cabinet of taxpayer at the level of the TCU. This initiative will allow taxpayers less to be in contact with regulatory agencies that, as a result, will mitigate corruption risks. Moreover, the use of the e-cabinet will allow taxpayers to spend less time and resources for the enjoyment of the rights and performance of obligations – in other words, it will lead to the simplification, reduction of prices of the tax administration. In the field of VAT among innovations should be distinguished, first of all, a substitution of two registers of applications for budgetary compensation by one. This will allow avoiding the lack of legal clarity that took place in 2016. Thus, all taxpayers of VAT during the submission of applications for budgetary compensation will get into the same register in chronological sequence.

Authors and Affiliations

T. O. Holoiadova

Keywords

EP ID EP618958
DOI -
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