Features of the modern taxation system of business in Ukraine.

Abstract

Taxes are the main financial instrument for regulating relations between large, medium, small businesses and the state. The question of taxation the small and medium-sized businesses – is one of the most urgent in Ukraine. Before initiation the Tax Code, there were 28 national and 14 local taxes, fees and mandatory payments, and today their number is reduced exactly twice - up to 11. According to the Tax Code taxation of businesses is possible in two ways: on general or the simplified tax system. Small businesses have the right to choose the most cost-effective mechanism for tax payment; the both have its advantages and disadvantages. All business entities on a single tax are divided into four groups: first three groups are physical persons-entrepreneurs, and the fourth - legal entities - agricultural producers. According to the State Fiscal Service, since the beginning of 2015 taxpayers on simplified taxation system brought to the budget almost 3.2 billion UAH (in compare in April 2015 this amount reached 779.4 mln. UAH). In turn, legal entities, working on a simplified tax system from the beginning of the year brought to the budge 973.1 mln. UAH. So, small and medium-sized businesses can not only fill the state and local budgets, but also solve many problems of economic and social development of Ukraine.