The Taxation of IT and Digital Communications Entities' Activity: Its Legislation and Accounting in Ukraine
Modern challenges of the economy are an adaptation to the changes taking place in the world community. New forms of interaction in human society, transferred to the digital space, are gaining increasing importance. Economic entities must respond fully to the demands of the digital environment. At th...
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| Format: | Article |
| Language: | deu |
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Institute of Accounting and Finance
2022-09-01
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| Series: | Облік і фінанси |
| Subjects: | |
| Online Access: | http://www.afj.org.ua/pdf/928-zakonodavche-regulyuvannya-opodatkuvannya-diyalnosti-sub-ektiv-it-sferi-i-sferi-cifrovih-komunikaciy-ta-yogo-oblikove-vidobrazhennya-v-ukraini.pdf |
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| author | Liudmyla Melnyk Olena Matros Oksana Krochak Olha Ratushna |
| author_facet | Liudmyla Melnyk Olena Matros Oksana Krochak Olha Ratushna |
| author_sort | Liudmyla Melnyk |
| collection | DOAJ |
| description | Modern challenges of the economy are an adaptation to the changes taking place in the world community. New forms of interaction in human society, transferred to the digital space, are gaining increasing importance. Economic entities must respond fully to the demands of the digital environment. At the same time, the state mustn't reduce its fiscal control over such digital operations. The purpose of the article is to analyze the legislative regulation of taxation of business entities that work in areas related to IT technologies and activities carried out on the Internet. This study covers difficulties and debatable issues arising in the taxation of business entities due to the implementation of digitalization. The authors systematized the features of taxation of the activities of Diya City residents following the current tax legislation of Ukraine. The article contains detailed explanations of which electronic services are subject to VAT and which transactions are not electronic services. The main key points for non-residents and providers of electronic services regarding VAT payment have been systematized. Attention is paid to issues related to the taxation of transactions with cryptocurrency. The authors performed a detailed analysis of the Draft Law of Ukraine
“On Amendments to the Code of Criminal Procedure and Some Other Laws of Ukraine Regarding Transactions with Cryptocurrency”, and individual tax consultations of the State Tax Service of Ukraine. It was established that when taxing operations with virtual assets, particularly cryptocurrency, it is necessary to be guided by the norms of the Tax Code of Ukraine. In individual conflicting situations that arise due to various types of operations with cryptocurrency, it is recommended to contact the State Tax Service for individual clarifications. |
| first_indexed | 2024-04-10T17:00:44Z |
| format | Article |
| id | doaj.art-76e72b0100b942b7bb632cfe116036da |
| institution | Directory Open Access Journal |
| issn | 2307-9878 2518-1181 |
| language | deu |
| last_indexed | 2024-04-10T17:00:44Z |
| publishDate | 2022-09-01 |
| publisher | Institute of Accounting and Finance |
| record_format | Article |
| series | Облік і фінанси |
| spelling | doaj.art-76e72b0100b942b7bb632cfe116036da2023-02-06T12:54:03ZdeuInstitute of Accounting and FinanceОблік і фінанси2307-98782518-11812022-09-013(97)626810.33146/2307-9878-2022-3(97)-62-68The Taxation of IT and Digital Communications Entities' Activity: Its Legislation and Accounting in UkraineLiudmyla Melnyk0https://orcid.org/0000-0003-2498-5556Olena Matros1https://orcid.org/0000-0001-7133-4700Oksana Krochak2https://orcid.org/0000-0003-1212-0010Olha Ratushna3https://orcid.org/0000-0002-0843-3017Uman National University of Horticulture, Uman, UkraineUman National University of Horticulture, Uman, UkraineUman National University of Horticulture, Uman, UkraineUman National University of Horticulture, Uman, UkraineModern challenges of the economy are an adaptation to the changes taking place in the world community. New forms of interaction in human society, transferred to the digital space, are gaining increasing importance. Economic entities must respond fully to the demands of the digital environment. At the same time, the state mustn't reduce its fiscal control over such digital operations. The purpose of the article is to analyze the legislative regulation of taxation of business entities that work in areas related to IT technologies and activities carried out on the Internet. This study covers difficulties and debatable issues arising in the taxation of business entities due to the implementation of digitalization. The authors systematized the features of taxation of the activities of Diya City residents following the current tax legislation of Ukraine. The article contains detailed explanations of which electronic services are subject to VAT and which transactions are not electronic services. The main key points for non-residents and providers of electronic services regarding VAT payment have been systematized. Attention is paid to issues related to the taxation of transactions with cryptocurrency. The authors performed a detailed analysis of the Draft Law of Ukraine “On Amendments to the Code of Criminal Procedure and Some Other Laws of Ukraine Regarding Transactions with Cryptocurrency”, and individual tax consultations of the State Tax Service of Ukraine. It was established that when taxing operations with virtual assets, particularly cryptocurrency, it is necessary to be guided by the norms of the Tax Code of Ukraine. In individual conflicting situations that arise due to various types of operations with cryptocurrency, it is recommended to contact the State Tax Service for individual clarifications.http://www.afj.org.ua/pdf/928-zakonodavche-regulyuvannya-opodatkuvannya-diyalnosti-sub-ektiv-it-sferi-i-sferi-cifrovih-komunikaciy-ta-yogo-oblikove-vidobrazhennya-v-ukraini.pdfdigitalizationtaxation of digital activitycryptocurrencyelectronic serviceselectronic service providers |
| spellingShingle | Liudmyla Melnyk Olena Matros Oksana Krochak Olha Ratushna The Taxation of IT and Digital Communications Entities' Activity: Its Legislation and Accounting in Ukraine Облік і фінанси digitalization taxation of digital activity cryptocurrency electronic services electronic service providers |
| title | The Taxation of IT and Digital Communications Entities' Activity: Its Legislation and Accounting in Ukraine |
| title_full | The Taxation of IT and Digital Communications Entities' Activity: Its Legislation and Accounting in Ukraine |
| title_fullStr | The Taxation of IT and Digital Communications Entities' Activity: Its Legislation and Accounting in Ukraine |
| title_full_unstemmed | The Taxation of IT and Digital Communications Entities' Activity: Its Legislation and Accounting in Ukraine |
| title_short | The Taxation of IT and Digital Communications Entities' Activity: Its Legislation and Accounting in Ukraine |
| title_sort | taxation of it and digital communications entities activity its legislation and accounting in ukraine |
| topic | digitalization taxation of digital activity cryptocurrency electronic services electronic service providers |
| url | http://www.afj.org.ua/pdf/928-zakonodavche-regulyuvannya-opodatkuvannya-diyalnosti-sub-ektiv-it-sferi-i-sferi-cifrovih-komunikaciy-ta-yogo-oblikove-vidobrazhennya-v-ukraini.pdf |
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