CORPORATE INCOME TAXATION IN UKRAINE: RESULTS OF REGULATORY INFLUENCE

Анотація

The article analyzes income tax revenues of enterprises to the budgets of all levels. The effectiveness of the implementation of forecasted assignments on the receipt of this tax was evaluated. The structure of tax revenues of the consolidated budget was studied, where the specific weight of income tax revenues was distinguished. The trend of changing the structure of tax revenues in recent years has been characterized. Attention is focused on the different role of individuals and legal entities in filling budgets during income taxation. The author analyzed income tax revenues of enterprises in relation to nominal GDP. Special attention is paid to the indicator of 2022. In 2022, there was a drop in nominal GDP in the country. The existing distribution of income tax between state and local budgets is also analyzed. Considered factors that reduce tax revenues to local budgets of Ukraine, to the budgets of territorial communities in particular. The author researched the rates of growth of losses of unprofitable enterprises and profits of profitable enterprises. These changes directly affect income tax revenue to the budget. The factors affecting these rates are characterized. The author considered the financial results of the activity of legal entities before taxation: the balance of the financial result before taxation; the financial result of enterprises that received profits; financial result of legal entities that suffered losses. In order to analyze the regulatory impact of the corporate income tax, the effective tax rate and the productivity coefficient of the corporate income tax were calculated. Budget losses due to the granting of benefits are also calculated. The author also assessed the state of fixed assets of enterprises in recent years. Considered volumes of capital investments. The dynamics of the level of the tax burden on the profits of enterprises and the volume of direct foreign investments in Ukraine are considered. The real dependence of the volume of direct foreign investments on the size of the tax burden on the profits of enterprises is calculated. The probability of such dependence is established. The author revealed the problems of unsatisfactory tax regulation of the activities of legal entities. Proposals were made to improve the corporate income tax mechanism, which would take into account the unused potential of the regulatory effect of the tax.

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