The fiscal role of the personal income tax in Ukraine
Journal Title: Економіка. Фінанси. Право - Year 2018, Vol 11, Issue
Abstract
Introduction. The importance of the problems of taxation of personal income given to the fiscal value of the tax on personal income in the formation of the revenue base of budgets of different levels. The instability of the tax legislation of Ukraine need regular monitoring of the fiscal and social effects of reforming the income taxation of citizens. The purpose of the article is to study of the fiscal role of personal income tax in Ukraine in the modern economic conditions. Results. The fiscal role of the personal income tax of Ukraine in period 2015-2017 are analyzes. The indicators of dynamics and structure of the personal income tax to the state and local budgets of Ukraine are calculated. The PIT holds a significant place in the revenue base of local budgets: more than 50 % in tax revenues and almost half of the revenue part of local budgets (excluding intergovernmental transfers). The share of PIT in the tax revenues of the State Budget is more than 11 % and each year increases slightly. In the structure of the personal income tax the largest share is taken by PIT from the income of the tax payer in the form of wages (over 70 %). Their share during the investigated period increased by 6,44 %. Among other components of the taxation base of the PIT the military tax is significant, its share ranges from 9,16 % to 8,11 % and tends to decrease. Conclusion. The personal income tax is an the main fiscal tax on the local level. In the modern economic conditions, the share of personal income tax in the structure of local budget revenues is 48,22 %, of the state budget is 9,53 %. Ways to improve the efficiency of collecting PITs should be focused on reducing the tax burden on labor income of the population, legalization of wages, increasing real incomes and expanding the tax base of PIT.
Authors and Affiliations
Olena Yevhenivna Dakhnova, Liudmyla Mykolaivna Matrosova, Valeriia Serhiivna Shevchenko
Keywords
Related Articles
- EP ID EP531518
- DOI -
- Views 59
- Downloads 0
Ways of improving the tax system favorable for structural reforms
The article investigates ways of improving the tax system conducive to structural reforms. The article outlines the tax system of Ukraine, the taxation system, its positive and negative aspects of proposed measures to re...
Management of enterprise competition potential on principles of strategic and system approaches
Introduction. Success with the achievement the high level of competitiveness is real at the terms of effectively built control system by an enterprise, namely management of him by competition potential. In market conditi...
Activities of international organizations for development of economics and local governance in Luhansk region
Introduction. Development of the economy of any region depends on various internal and external factors. Nowadays participation of international organizations in regional development contributes to peacebuilding and impr...
International customs cooperation of Ukraine: current state and prospects for development in the conditions of european integration
In current conditions of European integration, the role of international customs cooperation of Ukraine is very actual in the context of resolving the urgent problems in the work of customs bodies, the removal of the nat...
Budget expenditures in the context of providing economic development
The present article is dedicated to the definition of the essence and content of budget expenditures of development. The article provides a quantitative and qualitative assessment of the development expenditures of the S...