THE WAYS OF İMPROVEMENT THE MECHANİSM OF COMPANİES’ İNCOME TAX İN UKRAİNE

Abstract

this article describes the main disadvantages and ways of improvement of corporate income taxation mechanism inUkraine. There is examined influence of income tax rate and exemptions on revenues to the state budget. It is analyzed the dynamics of budget losses due to preferential enterprise income tax and observed performance of planned receipts of income tax to consolidated budget of Ukraine. Conclusions are drawn about introducing a system of differential rates of income tax, reviewing the list of tax incentives and using the accelerated depreciation method that reduces the tax base. All recommendations are based on the analysis of the experience and in comparison with foreign countries.

Keywords

• corporate income tax
• tax mechanism
• tax system
• interest rate of income tax
• benefits