FEATURES OF FORMATION OF THE TARGET OF THE EXIT CAPITAL TAX

Abstract

The article deals with the peculiarities of the formation of the object of the exit capital tax. The possibility of introducing such a tax in Ukraine is envisaged by bills submitted to the Verkhovna Rada of Ukraine in 2018 and 2019. Elements of a possible tax base and sources of its formation in accounting are prospectively analyzed. The Estonian Republic's experience with the introduction of the exit capital tax has been explored as a solution to a new problem for Ukraine.

The procedure for disclosure of data in the declaration on the exit capital tax based on the payer's accounting data is proposed. It is substantiated that it can be used in the process of finalization of the draft law on the exit capital tax and in the development of by-laws by the Ministry of Finance of Ukraine.

The algorithm of formation of the tax base in the accounting registers and reflected in tax reporting is proposed. Changes in tax rules have also been shown to effect on financial reporting indicators of enterprises and to disclose its tax expenditures. It is proposed to divide the tax base into two parts: dividends and transactions equivalent to exit capital. It is proposed to apply different tax rates depending on the type of transaction, namely 5, 15, 20%.

The feather of paying exit capital tax is determined. This feature only requires tax to be charged and payable in the event of taxable transactions, and not on a regular basis, as is the case with other taxes. It is suggested to use accounting data as sources of information for the enterprise declaration. It is justified that these accounts should be formed on a cash basis, namely related to transactions for payment of taxable expenses.

Two options for attributing the amount of tax expenditures, namely, to reduce the dividends of shareholders (participants) or the profit of the enterprise are considered. It is justified that the second option is preferable. It is shown that unresolved issues of methodological provision of the new tax can cause dissatisfaction with taxpayers. This is due to changes in taxation and deterrence in their business activity. It can also have a negative impact on the country's business environment.