Mining and logging industries in the context of Ukraine's EU accession

  • Yevheniia Kaliuha National University of Life and Environmental Sciences of Ukraine
Keywords: добувна і лісозаготівельна галузі, корисні копалини, Директива ЄС 2013/34, прозорість виплат, податкові платежі на користь держави, природні ресурси, Звіт про податкові платежі на користь держави, Звіт про управління, критерії визначення суб'єктів господарювання, організаційно-правові форми

Abstract

The purpose of the paper is to provide scientific and analytical substantiation for the organizational and legal forms of business entities of mining and logging sectors in accordance with the requirements of the EU Accounting Directive 2013/34 on the disclosure of complete and objective information of tax payments in favour of the state. Subject of study.Regulatory framework for the organizational and legal forms of economic entities of mining and logging sectors. The article substantiates the need for implementation in Ukraine of international standards and best practices of disclosure of information in the extractive industries (mining and logging) in accordance with the Initiative on providing transparency based on main provisions of the accounting Directive 2013/34/EU. Disclosure of information will provide the public with the possibility to access complete and objective information on payments of business entities that operate in the extractive industries in favor of their recipients, creating preconditions for publicly responsible use of minerals resources of national importance. For this purpose, the organizational and legal forms of business entities for the last three years (01.01.2015 - 01.01.2017) have been analyzed and the compliance of the Directive 2013/34/EU with their criteria has been determined.On the basis of the information received it is necessary to make adjustments to legal acts of the business entities in Ukraine. Conclusions. Organizational and legal status of economic entities operating in Ukraine (mining and logging industries) needs to be revised according to the requirements of the Directive 2013/34/EU and the current legal and regulatory framework. For this it is necessary to determine such indicators as total balance sheet and net turnover considering the average number of employees in the unit of account of European countries. This will lead to the business entities consolidation correspondingly to reducing their number, and will thereafter facilitate the administration of taxes in Ukraine.

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Author Biography

Yevheniia Kaliuha, National University of Life and Environmental Sciences of Ukraine

Kaliuha Yevheniia, Doctor of Economics, Professor, the Head of the Department of Accounting and Taxation

Published
2018-11-27
How to Cite
Kaliuha, Y. (2018). Mining and logging industries in the context of Ukraine’s EU accession. University Economic Bulletin, (39), 58-64. https://doi.org/10.31470/2306-546X-2018-39-58-64
Section
Economyand Management