Journal LNEU: Economics of AIC 2022 №29: 38-44
FISCAL COMPONENT OF SMALL BUSINESS DEVELOPMENT
H. Matskiv, Candidate of Economic Sciences (PhD)
ORCID ID: 0000-0002-1329-7355
N. Matskiv, Candidate of Economic Sciences (PhD)
ORCID ID: 0000-0003-4413-074Х
Z. Myronchuk, Candidate of Economic Sciences (PhD)
ORCID ID: 0000-0002-7044-6695
Lviv National Environmental University
M. Tomashivska
ORCID ID: 0000-0003-3563-5260
Vyshnia Professional College of Lviv National Environmental University
https://doi.org/10.31734/economics2022.29.038
Annotation
The article is devoted to the study of the current state of small business development and the mechanism of its taxation. The main parameters of socio-economic development of small businesses and its fiscal component in the development of the state economy are considered. The importance of this form of management for the formation of a socially oriented market economy is described.
Possible options for taxation of small businesses according to the Tax Code of Ukraine are considered. The peculiarities of tax administration by small businesses in the conditions of general and simplified taxation system are highlighted. Given the peculiarities of administration, it is argued that a single tax is the best way to tax small businesses. The rates of the single tax by groups of payers (1, 2, 3 and 4 groups), as well as possible options for payment of other mandatory payments depending on belonging to a certain group of payers are analyzed. The dynamics of tax revenues of the single tax to local budgets from both legal and individual entities are reflected.
The simplified taxation system should be aimed at stimulating the development of small businesses and further filling the budgets. The main advantages and disadvantages of the simplified system of taxation of small businesses are analyzed. The main advantages of the simplified taxation system include exemptions from certain types of taxes, a simplified system of accounting and reporting of small businesses, as well as the ability to take into account the socio-economic situation of a particular area. Disadvantages of the simplified tax system are related to business abuse and evasion, the creation of social injustice, various legal conflicts and the risk of loss due to inaccuracies in the law. The problematic moments hindering development of small business in Ukraine are identified and the ways to overcome them are proposed. The expediency of the existence of a simplified taxation system as an important component of the state tax policy is emphasized and argued.
Key words
small business, small business entities, individual entrepreneurs, small business taxation, simplified taxation system, single tax, groups of single tax payers, tax burden, fiscal potential
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Link
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