DOCSLIB.ORG

Analysis of Indirect Taxation in Ukraine: Modern State and Directions of Improvement

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Analysis of Indirect Taxation in Ukraine: Modern State and Directions of Improvement ЕКОНОМІКА: реалії часу №5(27), 2016 ECONOMICS: time realities UDK 336.22 (339.924) ANALYSIS OF INDIRECT TAXATION IN UKRAINE: MODERN STATE AND DIRECTIONS OF IMPROVEMENT Yu.V. Kovtunenko, PhD in Economics, Associate Professor A.S. Suhoveeva A.O. Revutskaya Odessa National Polytechnic University, Odessa, Ukraine Ковтуненко Ю.В., Суховєєва А.С., Ревуцька А.О. Аналіз непрямого t the present stage of economic development оподаткування в Україні: сучасний стан та напрями вдосконалення. the formation of centralized financial В статті проаналізовано сучасний стан непрямого оподаткування в Україні. Проведено аналіз структури і динаміки непрямих податків за resources in the form of income generated останні три роки. Досліджено роль непрямого оподаткування у A mainly through tax revenues [1]. Indirect формуванні доходів Державного бюджету України. Виявлені недоліки непрямого оподаткування та запропоновані напрями його taxes occupy a leading place in Ukrainian tax system, вдосконалення. Зауважено, що більшу частину доходів Державного which are not only the main source of filling the state бюджету України забезпечують непрямі податки. Аналіз проведений в даній статті дозволяє прийти до висновку про серйозні недоліки в budget, but also an important means of influence on системі оподаткування, такі як: зниження рівня економічного зростання the economy as a whole, and on the volume of та інвестиційної активності в країні. Система адміністрування країни не consumption [2]. Indirect taxes affect on the general здатна повною мірою виключити можливість ухилення від сплати податків. Можливими шляхами вирішення даної проблеми є price level of goods produced in the country, that is, удосконалення організації податкового контролю в Україні та the higher rate, the greater impact. The introduction of диференціювання ставок непрямих податків залежно від рівня споживання тих чи інших товарів і від рівня доходів споживачів. indirect taxes or an increase in their rates could lead to Ключові слова: податкова система, податок, непряме higher prices in the country, even when the level of оподаткування, податок на додану вартість, акцизний податок, мито, Податковий кодекс України the immutability of all major internal and external economic factors. Therefore it is necessary to improve Ковтуненко Ю.В., Суховеева А.С., Ревуцкая А.А. Анализ косвенного налогообложения в Украине: Современное состояние и направления the organization of tax control in Ukraine and the совершенствования. differentiation of rates of indirect taxes in order to В статье проанализировано современное состояние косвенного налогообложения в Украине. Проведен анализ структуры и динамики improve the functioning of the national economy and косвенных налогов за последние три года. Исследована роль косвенного to create a solid foundation for the development of налогообложения в формировании доходов Государственного бюджета small and medium-sized businesses and to promote Украины. Выявлены недостатки косвенного налогообложения и предложены направления его совершенствования. Замечено, что the production of stable revenues to the state большую часть доходов Государственного бюджета Украины budget [3]. обеспечивают косвенные налоги. Анализ, проведенный в данной статьи, позволяет прийти к выводу о серьезных недостатках в системе Analysis of recent researches and publications налогообложения, таких как: снижение уровня экономического роста и инвестиционной активности в стране. Система администрирования An important contribution to the Research of страны не способна в полной мере исключить возможность уклонения questions tax ensuring of socially necessary state от уплаты налогов. Возможными путями решения данной проблемы является совершенствование организации налогового контроля в expenditures made outstanding representatives of Украине и дифференцирование ставок косвенных налогов в Western economic thought: Blankart Sh., 2000, зависимости от уровня потребления тех или иных товаров и от уровня доходов потребителей. Galbraith J. 1973, Keynes J. 1936, Laffer A. 1979, Ключевые слова: налоговая система, налог, косвенное Lindahl E. 1958, Ricardo D. 1852, Samuelson P. налогообложение, налог на добавленную стоимость, акцизный налог, 1993, Smith A. 1776, labor which contain пошлина, Налоговый кодекс Украины fundamentals of formation of conceptual provisions Kovtunenko Yu.V., Suhoveeva A.S., Revutskaya A.O. Analysis of indirect taxation in Ukraine: Modern state and directions of improvement. for further developments in the field of taxation. The article is devoted to the analysis of the current situation of indirect Currently the problem of indirect taxes is taxation in Ukraine. The authors have analyzed the structure and dynamic of interesting for many economists and scientists. Study indirect taxes for last three years. In addition, the role of state budget revenues of Ukraine was investigated. It identified drawbacks of indirect of these problems are devoted to a number of taxation and the way of its improvement. It is noticed that most of the scientists, among which are the domestic scientists, revenues of the state budget of Ukraine one provided by indirect taxes. The analysis conducted in this article allows to conclude that there are serious namely: V. Bech, M.P. Kucheryavenko, A.V. Skryp- shortcomings in the tax system, such as a decline in economic growth and nyk, A.I. Krysovaty, P.V. Melnik, T.F Yutkina and investment activity in the country. The administration system of the country is not able to stop the possibility of tax evasion in full measure. Possible others. solution of this problem is improving of the organization of tax control in The aim of the article is to analyze the current Ukraine and the rates differentiation of indirect taxes depending on the level state of indirect taxation in Ukraine, as well as in the of consumption of certain goods and income of consumers. Keywords: tax system, tax, indirect tax, good and service tax, excise tax, analysis of the structure and dynamics of indirect Tax code of Ukraine taxes for the past three years, covering the role of 17 Проблемні питання економіки України та її регіонів Economics of Ukraine and its regions: problematic issues indirect taxation in the formation of the state budget The Ukrainian tax system identifies two groups of of Ukraine, to identify the advantages and taxes: direct and indirect. disadvantages of indirect taxation. Direct taxes are paid by payers’ income and The main part property. The amount of tax payers caused property condition of. The purpose of the article is to analyze the current Indirect taxes are included in the price of goods state of indirect taxation in Ukraine, as well as in the and service, their amount for each taxpayer is analysis of the structure and dynamics of indirect determined by consumer and is not dependent on his taxes for the past three years, covering the role of income. indirect taxation in the formation of the state budget Indirect taxes are ones of the most important and of Ukraine, to identify the advantages and complex taxes that exist in the national tax system. In disadvantages of indirect taxation. A significant role the context of solving fiscal problems indirect taxes in ensuring the implementation of the state functions are always more effective then direct ones. Indirect of regulating economic processes belong taxes. They taxes are divided into four attributes, each of which are, first, provide the financial base of the state, and has two types (fig. 1). secondly - is the main means to achieve its economic and social interests. Classification Types of indirect taxes The economic nature of tax Excise, dues Scope of tax Universal, specific The mechanism of tax collection Single-stage, multistage The cumulative tax Cascade, isn’t cascade Fig. 1. Classification of indirect taxes Source: Compiled by the author according to the material [4] According to the economic nature of the indirect 2) multi – an indirect tax to be collected at each taxes are divided into: stage of the trade – the value added tax. 1) excises – this is an indirect tax on certain goods If there is a cumulative (cascade) effect of indirect (products), which are included in the price of goods taxes are divided into: (products) (value added tax and excise tax) 1) cascade – indirect taxes collection mechanism 2) duties – is an indirect tax on goods and other which provides for the re-taxation of goods and items that cross the border of Ukraine. services at all stages of their treatment; They are set in a surcharge on the customs value 2) does not cascade – indirect taxes collection of the goods. mechanism which eliminates the possibility of re- In scope of application the indirect taxes are taxation of goods and services, providing the same tax divided into: revenues for the same goods and services, regardless According to the economic nature of the indirect of the number of stages of their treatment on the way taxes are divided into: from producer to consumer [4]. 1) excise tax – this indirect tax on certain goods Indirect taxes play an important role in the state (products), which are included in the price of goods forming the largest share of revenues of the State (products) (VAT and excise tax) Budget of Ukraine (table 1). 2) dues – an indirect tax on goods and other items The table shows that the main source of income of that cross the border of Ukraine [5]. the state budget of Ukraine (SBD) are tax revenues, They are installed in the form of allowances to the which during 2013 – (third quarter) 2016. They have customs
Load more

Recommended publications
  • TAX HANDBOOK 2015 INVESTING in UKRAINE the Purpose of This Handbook Is to Provide Basic Legal Information for Investors Seeking to Conduct Business in Ukraine
    TAX HANDBOOK 2015 INVESTING IN UKRAINE The purpose of this handbook is to provide basic legal information for investors seeking to conduct business in Ukraine. This is a second updated edition of the handbook first published in 2013. The handbook is based on general principles of Ukrainian law and does not represent any kind of legal opinion. Should you require legal advice on a specific issue, please contact Wolf Theiss directly. The contents of this handbook were prepared by Wolf Theiss on the basis of information available and accurate as of June 2015. The reader should note that the information contained herein may change on short notice. Wolf Theiss disclaims any responsibility for the completeness and accuracy of the content of this handbook and for any subsequent changes. This handbook was prepared by Wolf Theiss and is protected by copyright. Material appearing herein may only be reproduced or translated with an appropriate credit. For further information, please contact: WOLF THEISS LLC 5 Spaska Str. UA – 04071 Kyiv T: +380 44 3 777 500 F: +380 44 3 777 501 [email protected] Anna Kvederis Head of Tax Practice at the WOLF THEISS Kyiv Office T: +380 50 440 93 87 [email protected] Taras Dumych Partner T: +380 50 382 91 79 [email protected] Status of information: Current as of June 2015 Conception, design, and editing: WOLF THEISS Rechtsanwälte GmbH, Attorneys-at-Law Schubertring 6, 1010 Vienna, Austria www.wolftheiss.com © 2015 WOLF THEISS Rechtsanwälte GmbH. All Rights Reserved. WHY UKRAINE 4 Major Economic
    [Show full text]
  • TAX CODE of UKRAINE SECTION І. GENERAL PROVISIONS Article 1
    TAX CODE OF UKRAINE SECTION І. GENERAL PROVISIONS Article 1. Application Area of the Tax Code of Ukraine 1.1. The Tax Code of Ukraine governs the relations that arise in the area of charging taxes and duties, for instance, establishes an exhaustive list of taxes and duties charged in Ukraine and the procedure of the administration thereof, the payers of taxes and duties, their rights and responsibilities, the competence of control agencies and the powers and responsibilities of their officials in the course of the exercise of the tax control, as well as the liability for the violations of the tax legislation. 1.2. Rules of taxation of commodities or services that move across the customs border of Ukraine shall be determined by this Code, except for the taxation by means of import tax or export tax, which shall be determined by the Customs Code of Ukraine and other customs laws. 1.3. This Code shall not govern the issues of tax liabilities repayment or collection of the tax debt from the persons, to whom the court procedures apply, which are determined by the Law of Ukraine “On Re-establishing Debtor Solvency or Declaring It Bankrupt”, from the banks, to which the norms of Section V of the Law of Ukraine “On Banks and Banking Activities” apply, and repayment of the unified obligatory national pension insurance fee. Article 2. Amendment of the Tax Code of Ukraine 2.1. Amendment of the provisions of this Code may be effected only by way of the amendment of this Code. Article 3.
    [Show full text]
  • Actual Information
    ACTUAL INFORMATION TAX REFORM 2020 IN UKRAINE – 7. July 2020 OVERVIEW OF CHANGES IN INTERNATIONAL TAXATION On May 23, 2020, the Law of Ukraine No. 466-IX of 16 January 2020 on enhancement of tax administration, removal of technical and logical inconsistencies in tax legislation became effective. This law introduced many changes to the provisions of the Tax Code of Ukraine (Tax Code) related to international taxation. The overview of the key changes is provided below. ACTUAL INFORMATION 7. JULY 2020 1. Changes in Taxation of Transactions with Nonresidents The principal purpose test was introduced as a condition for the application of reduced withholding tax rates and exemptions from tax under double tax treaties. Such benefits will now be available only if obtaining of the treaty benefits was not the principal or one of the principal purposes of the transaction with a nonresident and granting these benefits would be in accordance with the object and purpose of the provisions of the international treaty of Ukraine (Sec. 3 Par. 103.2 of the Tax Code). A “look-through” approach was implemented for the purposes of application of the double tax treaties, if the immediate recipient of Ukrainian-source income is not the beneficial owner of the income. For the application of the treaty with the country of which the beneficial owner is a resident, the recipient of the income and the beneficial owner must file applications and provide documents confirming the status of the beneficial owner (e.g. licenses, agreements, letters of competent authorities) (Sec. 4 Par. 103.2, Sec. 5 Par.
    [Show full text]
  • Client Alert Tax Kyiv | January 2020
    Client alert Tax Kyiv | January 2020 УКРАЇНСЬКА ВЕРСІЯ І FORWARD | WEBSITE Tax Code Overhaul in Ukraine On 16 January 2020, the Parliament of Ukraine finally passed the heatedly debated Law "On Amendments to the Tax Code of Ukraine Purposed to Improve the Administration of Taxes, Eliminate Technical and Logical Inconsistencies in the Tax Legislation" ("Anti-BEPS Law"). The Anti-BEPS Law shall come into force once it is signed into law by the President of Ukraine and officially published. In the meanwhile, on 17 January 2020, a group of parliamentarians moved with the initiative to rescind the results of the vote on the Anti-BEPS Law, blocking thereby the completion of the legislative procedure. Only after the said initiative is formally denied by voting - which is likely to happen during the upcoming plenary session of the Parliament in February - the Anti-BEPS Law would be unblocked for its signing and promulgation into law by the President of Ukraine. The Anti-BEPS Law introduces a number of fundamental novelties aimed at combating tax base erosion and profit shifting practices, improving transparency, tax compliance and administration, formally instituting the substance-over-form principle and other important anti-avoidance rules, generally modernizing the tax framework of Ukraine in vein with the OECD-driven initiatives. The new rules substantially alter the tax landscape for both Ukrainian individuals and legal entities as well as for non-residents that carry on business in Ukraine. Please note that no final draft of the Anti-BEPS Law is available thus far. This Legal Alert is based on the draft text of the Anti-BEPS Law prepared for the second reading by the Tax and Customs Policy Committee of the Parliament.
    [Show full text]
  • The Tax Code of Ukraine
    THE TAX CODE OF UKRAINE PART I. GENERAL PROVISIONS .............................................................................................................................. 13 CHAPTER 1. PRINCIPAL PROVISIONS .............................................................................................................................. 13 Article 1001. Scope of the Tax Code of Ukraine ...................................................................................................... 13 Article 1002. Tax legislation .................................................................................................................................... 13 Article 1003. Subjects of taxation ............................................................................................................................ 14 Article 1004. Object of taxation ............................................................................................................................... 14 Article 1005. Base of taxation .................................................................................................................................. 14 Article 1006. Tax rates and procedures for setting tax rates ................................................................................... 14 Article 1007. Establishment, abolition and application of tax exemptions .............................................................. 14 Article 1008. The procedure to calculate taxes ......................................................................................................
    [Show full text]
  • Ukraine a Follow-Up on Distributed Profit Tax, BEPS Implementation, Voluntary Disclosure Program, and Indirect Methods for Determining Taxable Income
    IMF Country Report No. 20/302 UKRAINE TECHNICAL ASSISTANCE REPORT––A FOLLOW-UP ON November 2020 DISTRIBUTED PROFIT TAX, BEPS IMPLEMENTATION, VOLUNTARY DISCLOSURE PROGRAM, AND INDIRECT METHODS FOR DETERMINING TAXABLE INCOME This Technical Assistance Report paper on Ukraine was prepared by a staff team of the International Monetary Fund. It is based on the information available at the time it was completed on September 2020. Copies of this report are available to the public from International Monetary Fund • Publication Services PO Box 92780 • Washington, D.C. 20090 Telephone: (202) 623-7430 • Fax: (202) 623-7201 E-mail: [email protected] Web: http://www.imf.org Price: $18.00 per printed copy International Monetary Fund Washington, D.C. © 2020 International Monetary Fund ©International Monetary Fund. Not for Redistribution FISCAL AFFAIRS DEPARTMENT Ukraine A Follow-Up on Distributed Profit Tax, BEPS Implementation, Voluntary Disclosure Program, and Indirect Methods for Determining Taxable Income Roberto Schatan, Martin Grote, Lee Burns and Oscar Molina Technical Report September 2020 ©International Monetary Fund. Not for Redistribution CONTENTS ABBREVIATIONS AND ACRONYMS _____________________________________________________________ 4 PREFACE __________________________________________________________________________________________5 EXECUTIVE SUMMARY __________________________________________________________________________ 6 I. DISTRIBUTED PROFIT TAX ___________________________________________________________________ 11 A. New Momentum
    [Show full text]
  • KPMG in Ukraine / 59 4 || Youryour Businessbusiness Inin Ukraineukraine 5 | Your Business in Ukraine
    Your Business in Ukraine Tax and Legal Guide January 2017 kpmg.ua 2 | Your Business in Ukraine Foreword Your business in Ukraine will help you discover new opportunities in challenging Ukrainian legislation landscape. We could guide you into currency control restrictions, dealing with licensing permits, protecting minority investors and other issues to simplify your day-to-day business decisions. Our practical guide provides insight into basics. It is Sergey Popov a compass to all stages of your business in Ukraine: Partner, Head of Tax market entry strategies, your company registration, and Legal Department taxation and other relevant information. Our industry expertise will help you to find effective practical solutions in Ukraine and abroad. Welcome in our Kyiv and Lviv offices for face-to-face meetings, our workshops on topical issues and business events. Konstantin Karpushin Partner, Head of Transfer Pricing Department, CIS Technology and Innovation Your Tax and Legal Contacts Ta x Legal Oksana Olekhova Yuriy Katser Director, Senior Counsel, Tax Services Legal Services T: +380 95 277 7525 T: +380 50 355 3470 E: [email protected] E: [email protected] 3 | Your Business in Ukraine Contents 1. Starting a business in Ukraine / 5 2. Company and Labor law / 9 3. Competition law / 17 4. Licensing requirements / 21 5. Taxation / 24 6. Financial reporting / 37 7. Property rights / 39 8. Currency regulations / 45 9. Customs regulations / 48 10. Winding-up/ Liquidation / 51 11. Dispute resolution / 53 Appendices Chart of withholding tax rates / 56 About KPMG in Ukraine / 59 4 || YourYour BusinessBusiness inin UkraineUkraine 5 | Your Business in Ukraine 1.
    [Show full text]
  • Al-Falah: Journal of Islamic Economics Journal Homepage: DOI: 10.29240/Alfalah.V4i1.781
    Content Lists Available at Directory of Open Access Journals (DOAJ) Al-Falah: Journal of Islamic Economics Journal Homepage: http://www.journal.iaincurup.ac.id/index/alfalah DOI: 10.29240/alfalah.v4i1.781 Ottoman Trade Policy and Activities in Europe and Asia Meirisona*, Desmadi Saharuddinb, Darni Yusnac aUniversitas Islam Negeri Imam Bonjol Padang bUniversitas Islam Negeri Syarif Hidyatullah Jakarta cUniveristas Islam Negeri Imam Bonjol Padang *Email: [email protected] ARTICLE INFO ABSTRACT Purpose: This discussion aims to provide an overview of Article History: Ottoman activities and policies in the field of trade and explain the factors that have led to support the economic progress and Received 11-02-2019 decline of this Empire. Revised 10-04-2020 Design/Method/Approach: This discussion uses a literature Accepted 09-06-2020 study with a content study approach (content analysis) that is Keywords: qualitative. Findings: Turkish Ottoman is traversed by an old trade route, Activities, Asia, which then develops into a country that is crossed by strategic Europe, Ottoman trade routes from East to West with various commodities, Trade including spices from Indonesia. One factor in the economic development of the Ottoman Empire is that the dense trade Paper Type: routes make this Ottoman state a political climate in Europe Research Paper and Asia. Treaties and treaties and foreign capitulations are given to European countries, which only pay a 3-5% tax. To reduce Western European pressure on the Ottoman Turks in dealing with the Hapsburg family. This made traders who were 80% made up of Muslim traders drastically reduced. The treaty that was signed was like a double-edged knife for the Ottoman Turks, which was of little use in the glorious days and harmful in the weak.
    [Show full text]
  • Significant Ukrainian Tax Changes for Multinational Companies
    Significant Ukrainian tax changes for multinational companies As updated on 22 January 2021 In brief The new laws introducing significant changes in the area of international taxation and transfer pricing (TP) ​ ​ ​ mostly related to the implementation of some BEPS Initiatives into Ukrainian tax legislation, entered into force. A variety of new concepts, terms and obligations await Ukrainian businesses and Multinational Enterprises (“MNEs”). Existing financing/corporate structures may appear inefficient under the new rules. ​ ​ Non-compliance might result in material fines for the businesses. ​ ​ The takeaway For MNEs and Groups that have business in/with Ukraine it is advisable to adopt immediate measures to ensure compliance with the new rules and still retain the efficiency of the business: ● Make an assessment of the current corporate structures to conclude whether they comply with the new tax law and remain efficient; ● Identify if the activities of the Group create any taxable presence in Ukraine (either through a permanent establishment (“PE”) or place of effective management (“PoEM”)) and take possible ​ ​ ​ ​ mitigation measures; ● Assess whether controlled and some other types of cross-border transactions have a business purpose, i.e. are aimed at receiving certain economic benefits; ● Assess whether the Group can enjoy double-tax treaty benefits under the new rules and prepare a defense file, if needed; ● Identify whether there is any Ukrainian controlling person in the Group (either an individual, tax resident of Ukraine,
    [Show full text]
  • Taxation of Permanent Establishments in Ukraine: Unresolved Issues
    Taxation of Permanent Establishments in Ukraine: Unresolved Issues Author(s): Vitalii Trachuk, Khrystyna Franchuk Source: Kyiv-Mohyla Law and Politics Journal 4 (2018): 159–174 Published by: National University of Kyiv-Mohyla Academy http://kmlpj.ukma.edu.ua/ Taxation of Permanent Establishments in Ukraine: Unresolved Issues Vitalii Trachuk National University of Kyiv-Mohyla Academy, Faculty of Law; Baker McKenzie Kyiv Khrystyna Franchuk National University of Kyiv-Mohyla Academy, Faculty of Law; Baker McKenzie Kyiv Abstract This article deals with selected issues of taxation of permanent establishments in Ukraine that lack appropriate judicial and scholarly attention. It particularly focuses on the attribution of profits to permanent establishments according to OECD standards and Ukrainian law, taxation of dependent agent permanent establishments, and the State’s taxing rights with respect to the permanent establishment’s financing by its head office. The authors conclude that to improve the quality of permanent establishments’ taxation in Ukraine, appropriate procedures should be clearly prescribed in the law and due regard be given to the already developed international standards that might be, in fact, directly applicable. Key Words: permanent establishment, taxation, attribution of profits, Authorized OECD Approach, tax convention. Introduction For decades, Ukrainian tax legislation has contained a provision prescribing the taxation of permanent establishments (PE). Being a party to a range of double taxation treaties after the collapse of the Soviet Union, Ukraine was forced to implement the concept of PE as most developed countries had for about a century.1 Since then, Ukrainian authorities have registered numerous representative offices of foreign enterprises as PEs and taxed them with Corporate Income Tax (CIT) accordingly.
    [Show full text]
  • Mechanisms of Environmental Taxation in Transition Globalizing Economies
    PERIODYK NAUKOWY AKADEMII POLONIJNEJ 20 (2017) nr 1 MECHANISMS OF ENVIRONMENTAL TAXATION IN TRANSITION GLOBALIZING ECONOMIES Lidia Shergina PhD, Associate Professor, SHEE “Kyiv National Economic University named after Vadym Hetman”, e-mail:[email protected], Ukraine Alla Zhemba PhD, Natіonal Unіvеrsіty of Watеr and Еnvіronmеntal Еngіnееrіng, e-mail: [email protected], Ukraine Abstract. The authors affirm that with the globalization of the world economy it is necessary to introduce the mechanism of environmentally sustainable economic functioning of the country. The article maintains that active use of environmental taxes must help to reduce the overall level of environmental pollution and increase production of environmentally clean products. Keywords: "green" economy, international integration, environmental taxation. DOI: http://dx.doi.org/10.23856/2011 Introduction Environmental taxation remains one of unsolved problems of nowadays. However, according to the scientists, we can establish the formation of the Institute of Ecological Taxes for today. O.O. Veklych, Z.S. Varnaluy, T.P. Galushkyna, V.S. Zagorodskuy, P.V. Melnyk, I.V. Rosputenko, I.M. Sinyakevych, K.I. Shvabuy, V.V. Yurchyshyn investigated theoretical and practical issues in the sphere of environmental taxation. The mechanisms of environmental taxation has not been worked out completely. The issues require further study in conditions of world economy globalization. The study is based on the use of systematic and integrated approaches to determine the main directions of forming the models of green economy as an element of sustainable development. The aim of this research is to determine global formation tendencies of environmental taxes to improve the ecological and sustainable development.
    [Show full text]
  • Doing Business and Investing in Ukraine
    www.pwc.com/ua Doing business and investing in Ukraine 2013 Edition Partner’s letter Contents I am very pleased to present the 2013 edition of our guide: Doing Business and 1 Country profile and investment climate 1 5.10 Customs audits 20 Investing in Ukraine. The guide is based on the laws as at 31 July 2013 and 5.11 Administrative issues 20 information made available through mid-July 2013. We prepared this new edition 1.1 Introduction 2 due to the number of significant changes that have been implemented since the 1.2 Government structure 2 6 Business entities 21 publication of our 2011 edition. 1.3 Legal system 2 6.1 Legal framework 22 1.4 People 2 6.2 Forms of business organisations 22 Ukraine, like many other countries in the region and around the globe today, 1.5 Economy 3 6.3 Net asset requirement 22 continues to face exceptional economic challenges. So far the country has weathered the storm better than many commentators had expected. Clearly, its 1.6 Foreign trade 4 6.4 Limited liability companies 22 geographic position and natural resources, as well as the ‘human factor’, have all 2 Business environment 5 6.5 Joint stock companies 23 played important roles in this achievement. Ukraine’s proximity to both the 6.6 Foreign directors 24 2.1 Business climate 6 European Union and Russia, the sheer quantity of its consumers (nearly 46 million) 6.7 Partnerships and joint activities 24 and the physical size of the country make it an excellent location for businesses to 2.2 Economic development plans 6 6.8 Branches 25 expand both locally and regionally.
    [Show full text]