ANALYSIS OF CHANGES IN TAXATION OF BANKING INSTITUTIONS AND THEIR IMPACT ON THE TAX BURDEN OF BANKS

Рік публікації: 
2015
Збірник №: 
1
Мова статті: 
Англійська
Нумерація сторінок: 
123-135
Аннотація: 
The article analyzes the main changes in the legislation concerning the taxation of banking institutions, most of which came into effect from 2015. There are reviewed negative and positive aspects of these changes, challenges to the legislation requiring clarification; determined changes in the software of accounting to be undertaken in connection with the new conditions of taxation. There is analyzed how changes commented potentially affect the condition of banks’ activity, their tax burden and compliance with key regulations.
Повний текст статті: 
DOI: 
10.14308/ite000492
Література: 
1. International Accounting Standards Board (IASB): International Financial Reporting Standards (International Document), http://zakon4.rada.gov.ua/laws/show/929_010 (2012) (in Ukrainian) 2. National Bank of Ukraine: On Aapproval of the Procedure on the Order of Formation and Use by Banks of Ukraine of Reserves to Compensate Possible Losses on Active Banking Operations (Resolution of the Board of the National Bank of Ukraine). Retrieved from http://zakon4.rada.gov.ua/laws/show/z0231-12 (2012) (in Ukrainian) 3. The Verkhovna Rada of Ukraine: Tax Code of Ukraine (The Code of Ukraine), http://zakon4.rada.gov.ua/laws/show/2755-17 (2010) (in Ukrainian) 4. The Verkhovna Rada of Ukraine: On Amendments to the Tax Code of Ukraine and Certain Legislative Acts of Ukraine on tax reform (Law of Ukraine), http://zakon4.rada.gov.ua/laws/show/71-19 (2014) (in Ukrainian) 5. The Cabinet of Ministers of Ukraine: On Approving the List of States (Territories), in Which the Rate of Income Tax (Corporate Tax) is for More than 5 Percentage Points Lower than in Ukraine (Order of the Cabinet of Ministers of Ukraine), http://zakon4.rada.gov.ua/laws/show/1042-2013-%D1%80 (2013) (in Ukrainian) 6. National Bank of Ukraine: On Approving the Procedure of Reimbursement by Ukraine’s Banks of Bad Debts against Allowance (Resolution of the Board of the National Bank of Ukraine), http://zakon4.rada.gov.ua/laws/show/z0722-11 (2011) (in Ukrainian) 7. Kovaleva, M.M., Tatarintsev, A.M.: Specifics of taxation of banks. In M.M. Kovaleva (Ed.). Modern financial theory, pp. 53–91. Minsk: Belorussian State University (2003) (in Russian) 8. Keen, M.: The Taxation and Regulation of Banks. International Monetary Fund, http://www.imf.org/external/pubs/ft/wp/2011/wp11206.pdf (2011) 9. Cannas, G., Cariboni, J., Marchesi, M., Nicodème, G., Giudici, M.P., Zedda, S.: Financial activities taxes, banks levies, and systemic risks. European Commission. Taxation Papers. Working Paper, No. 43 (2014), http://ec.europa.eu/taxation_customs/resources/documents/taxation/gen_info/economic_analysis/tax_papers/taxation_paper_43.pdf