Construction Companies Vat Taxation Features in Ukraine and European Union
In: Lecture Notes in Civil Engineering ISBN: 9783030850425; (2021-09-23)
Online
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Zugriff:
Features of value added tax (VAT) taxation of construction companies are considered in the research. The authors examine the current tax legislation of Ukraine and some European Union countries. It is determined that development of the national economy in general and the construction industry in particular depends on many factors, including tax structures used by the state in the legal regulation of tax relations. Considerable attention is paid to tax benefits analysis of construction companies, including tax exemptions, application of preferential tax rates, reduction of the object of taxation, establishment of simplified taxes, etc. Direct and indirect taxation benefits of construction companies may be provided by the tax legislation. It is determined that any tax benefits stimulate the development of the construction industry. The purchasing power of citizens is declining, profits of construction companies are falling, and economic development is slowing down in conditions of coronavirus spread. Therefore, the state needs to support business, including construction. It is necessary to reduce the tax burden on construction companies by establishing tax benefits. Reducing the amount of VAT will have an effect of stabilization of the buyers’ purchasing power, improving the performance of construction companies. Ukraine should use EU countries experience; find alternative sources of revenue to the state budget—non-tax revenues, including investments in business and production. Stimulation of the construction industry is an important tool for the development of the state economy, which ensures the development of other sectors of the national economy.
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Construction Companies Vat Taxation Features in Ukraine and European Union
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Autor/in / Beteiligte Person: | Zadorozhnyy, Volodymyr ; Smahliuk, Viktoriya ; Pasichna, Iryna ; Kulchii, Inna |
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Quelle: | Lecture Notes in Civil Engineering ISBN: 9783030850425; (2021-09-23) |
Veröffentlichung: | Springer International Publishing, 2021 |
Medientyp: | unknown |
ISBN: | 978-3-030-85042-5 (print) |
DOI: | 10.1007/978-3-030-85043-2_75 |
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