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Review on Status and Trends in Taxation of Foreign Economic Operations in Ukraine

Received: 3 July 2019     Accepted: 20 August 2019     Published: 6 September 2019
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Abstract

Taxation of foreign economic operations is carried out by applying tariff and non-tariff regulatory methods and is based on the use of tax policy instruments ‒ customs duty, excise duty and VAT. Having defined its foreign economic and tax policy, the state determines the direction for development, as well as the strategy and tactics to achieve the goal through foreign economic operations. Based on the generalization of theoretical foundations, it is determined that foreign economic operations are a type of foreign economic activity aimed at implementing a trade agreement between countries. The customs duty is of the utmost importance in taxation. By economic nature, it is an integral part of the taxation of foreign economic operations. During the research process the economic importance of customs duty was deepened and determined that, unlike other indirect taxes, which are primarily aimed at fiscal purposes, customs duty is a tool for financial regulation of the country's economy, namely it stimulates inefficient domestic production and perform other functions for foreign trade development. The theoretical, methodological and practical provisions concerning taxation of foreign economic operations with agricultural products and assessment of its functioning efficiency in conditions of Ukrainian integration into the EU are studied. A comprehensive approach to the implementation of the regulation in foreign economic operations with agricultural products is proposed. The directions to improve taxation of foreign economic operations are substantiated.

Published in International Journal of Economics, Finance and Management Sciences (Volume 7, Issue 4)

This article belongs to the Special Issue Taxation of Foreign Economic Operations with Agricultural Products

DOI 10.11648/j.ijefm.20190704.12
Page(s) 103-106
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

Indirect Taxation, Customs Duty, Foreign Economic Activity and Operations, Agricultural Products, Customs Tariff Regulations, EU

References
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[2] Burakovskyi, I. (2004). Vstup Ukraini do SOT: yak pravilno ocіniti naslіdki [Ukraine's accession to the WTO: how to properly assess the consequences]. Economic Journal – XXI, 7–8.
[3] Choi, K., & Lim, S. (2019). A reappraisal of strategic trade policies with the endogenous mode of competition under vertical structures. Journal of international trade & economic development, 28, 11‒29. doi: https://doi.org/10.1080/09638199.2018.1482948
[4] Kireev, A. (2002). International Economics. Part I. International microeconomics: movement of goods and factors of production [Mezhdunarodnaya ekonomika. Part I. Mezhdunarodnaya mikroekonomika: dvizhenie tovarov i faktorov proizvodstva]. Moscow: International Attitude.
[5] Labenko, O. M., & Shevchenko, N. Yu. (2015). Assessment of the system of tax regulation of agricultural commodity producers in Ukraine [Otsinka systemy podatkovoho rehuliuvannia silskohospodarskykh tovarovyrobnykiv Ukrainy]. Scientific works of Poltava State Agrarian Academy, 360.
[6] Laiko, P. A., & Osadchyi, S. O. (2005). Indirect taxation of agricultural producers [Nepryame opodatkuvannya sіlskogospodarskix virobnikі]. Kyiv: Knowledge.
[7] Melnyk, M., Korcelli-Olejniczak, E., & Chorna, N. (2018). Development of regional IT clusters in Ukraine: institutional and investment dimensions. Economic Annals-XXI, 173, 9–10.
[8] Sabluk, R. P., & Kovalenko, O. V. (2009). Suchasnі tendencії svіtovoї torgіvlі zernom [Current trends in world grain trade]. APK economy, 19, 84‒88.
[9] Shpichak, O. O. (2004). Opodatkuvannia eksportno-importnykh operatsii z produktsiieiu roslynnytstva [Taxation of export-import operations with crop production]. Kyiv: NNC IAE.
[10] Samuelson, P. A. (1954). The transfer problem and transport costs: the analysis of the effects of trade impediments. Economic Journal, 64, 265‒280.
[11] Shevchenko, N. Yu. (2015). Teoretyko-metodychni aspekty opodatkuvannia zovnishnoekonomichnykh operatsii z produktsiieiu ahropromyslovoho vyrobnytstva [Theoretical and methodical aspects of taxation of foreign economic operations with products of agricultural production]. Scientific Bulletin of NULES of Ukraine, 222, 287‒290.
[12] Shevchenko, N. Yu. (2015). Osnovni chynnyky vplyvu na podatkovi nadkhodzhennia vid zovnishnoekonomichnykh operatsii z produktsiieiu ahropromyslovoho vyrobnytstva [The main factors influencing tax revenues from foreign economic operations with products of agro-industrial production]. Scientific Bulletin of NULES of Ukraine, 231.
[13] Shulga, I. (2017). Features of forcasting administrative delicacy. Visegrad Journal on Human Rights, 4 (2), 190‒194.
[14] The Common Agricultural Policy Explained. European Commission Directorate-General for Agriculture and Rural Development. Retrieved from http://ec.europa.eu/agriculture/publi/capexplained/cap_en.pdf
[15] European commission. Retrieved from http://ec.europa.eu/index_en.htm
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  • APA Style

    Natalie Yuriivna Shevchenko, Shulga Ievgenii Viktorovych. (2019). Review on Status and Trends in Taxation of Foreign Economic Operations in Ukraine. International Journal of Economics, Finance and Management Sciences, 7(4), 103-106. https://doi.org/10.11648/j.ijefm.20190704.12

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    ACS Style

    Natalie Yuriivna Shevchenko; Shulga Ievgenii Viktorovych. Review on Status and Trends in Taxation of Foreign Economic Operations in Ukraine. Int. J. Econ. Finance Manag. Sci. 2019, 7(4), 103-106. doi: 10.11648/j.ijefm.20190704.12

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    AMA Style

    Natalie Yuriivna Shevchenko, Shulga Ievgenii Viktorovych. Review on Status and Trends in Taxation of Foreign Economic Operations in Ukraine. Int J Econ Finance Manag Sci. 2019;7(4):103-106. doi: 10.11648/j.ijefm.20190704.12

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  • @article{10.11648/j.ijefm.20190704.12,
      author = {Natalie Yuriivna Shevchenko and Shulga Ievgenii Viktorovych},
      title = {Review on Status and Trends in Taxation of Foreign Economic Operations in Ukraine},
      journal = {International Journal of Economics, Finance and Management Sciences},
      volume = {7},
      number = {4},
      pages = {103-106},
      doi = {10.11648/j.ijefm.20190704.12},
      url = {https://doi.org/10.11648/j.ijefm.20190704.12},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20190704.12},
      abstract = {Taxation of foreign economic operations is carried out by applying tariff and non-tariff regulatory methods and is based on the use of tax policy instruments ‒ customs duty, excise duty and VAT. Having defined its foreign economic and tax policy, the state determines the direction for development, as well as the strategy and tactics to achieve the goal through foreign economic operations. Based on the generalization of theoretical foundations, it is determined that foreign economic operations are a type of foreign economic activity aimed at implementing a trade agreement between countries. The customs duty is of the utmost importance in taxation. By economic nature, it is an integral part of the taxation of foreign economic operations. During the research process the economic importance of customs duty was deepened and determined that, unlike other indirect taxes, which are primarily aimed at fiscal purposes, customs duty is a tool for financial regulation of the country's economy, namely it stimulates inefficient domestic production and perform other functions for foreign trade development. The theoretical, methodological and practical provisions concerning taxation of foreign economic operations with agricultural products and assessment of its functioning efficiency in conditions of Ukrainian integration into the EU are studied. A comprehensive approach to the implementation of the regulation in foreign economic operations with agricultural products is proposed. The directions to improve taxation of foreign economic operations are substantiated.},
     year = {2019}
    }
    

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    AU  - Natalie Yuriivna Shevchenko
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    AB  - Taxation of foreign economic operations is carried out by applying tariff and non-tariff regulatory methods and is based on the use of tax policy instruments ‒ customs duty, excise duty and VAT. Having defined its foreign economic and tax policy, the state determines the direction for development, as well as the strategy and tactics to achieve the goal through foreign economic operations. Based on the generalization of theoretical foundations, it is determined that foreign economic operations are a type of foreign economic activity aimed at implementing a trade agreement between countries. The customs duty is of the utmost importance in taxation. By economic nature, it is an integral part of the taxation of foreign economic operations. During the research process the economic importance of customs duty was deepened and determined that, unlike other indirect taxes, which are primarily aimed at fiscal purposes, customs duty is a tool for financial regulation of the country's economy, namely it stimulates inefficient domestic production and perform other functions for foreign trade development. The theoretical, methodological and practical provisions concerning taxation of foreign economic operations with agricultural products and assessment of its functioning efficiency in conditions of Ukrainian integration into the EU are studied. A comprehensive approach to the implementation of the regulation in foreign economic operations with agricultural products is proposed. The directions to improve taxation of foreign economic operations are substantiated.
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Author Information
  • Department of Finance, National University of Life and Environmental Sciences of Ukraine, Kyiv, Ukraine

  • Department of International and Comparative Law, National University of Life and Environmental Science of Ukraine, Kyiv, Ukraine

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