Bìznes Inform (Dec 2022)
Small and Medium-Sized Business: Adaptation and Public-Private Partnership in the Conditions of Global Crises
Abstract
The aim of the study is to form an optimal algorithm of actions for the use of the instrument of public-private partnership in conditions of martial law and emergency. The formed algorithm will provide an opportunity to independently and promptly determine the application of a preferential taxation rate to entrepreneurial entities of small and medium-sized business (hereinafter referred to as the EE SMB). The importance of public-private partnership for EE SMB in a state of emergency through the application of a preferential taxation rate has been determined. The practices of applying a preferential taxation rate is investigated. The taxation systems provided for by the Tax Code of Ukraine for EE SMB, in particular for individual entrepreneurs, are presented. The conditions of different groups of the simplified taxation system are detailed in accordance with the latest changes in legislation. A detailed algorithm of actions for EE SMB on the transition to the application of a preferential rate in accordance with the current legislation has been compiled and substantiated. An example and procedure for filling out a request for the use of simplified taxation system for the application of a 2% preferential rate of a single tax on taxpayer’s income for a month are considered. The peculiarities and conditions for filling out such a request for its successful adoption by the state tax service are detailed. A comparison of the conditions of stay on the simplified taxation system at the rate of 5% and at the rate of 2% for EE SMB under martial law is made. An example of a completed tax return of a single tax payer of the third group for the period of martial law / state of emergency in Ukraine is given. A step-by-step visualization of filling in both the application and the declaration in accordance with the terms of tax legislation is presented. A comparative analysis was carried out on the periods of payment of the single tax at the rate of 5% and at the rate of 2%. The implementation of the algorithm is carried out on the example of an individual entrepreneur on a simplified taxation system, which is a single tax payer, on the basis of the Taxpayer’s Electronic Cabinet as a key software under quarantine restrictions. The mechanism of work with the specified electronic resource is visualized. The article discusses possible directions of work of tax authorities on the terms of public-private partnership under quarantine restrictions and martial law.
Keywords
