INVESTMENT TAX CREDIT IN THE LEGISLATION OF UKRAINE: THE MODERNITY AND PROSPECTS

Series "Law": Legal regulation of economic relations in specific areas and sectors of the economic

Abstract

The article is devoted to the problem of tax incentives for Ukrainian enterprises for innovation development of the economy. The application of investment tax credit as a discount to the amount of qualified expenses in terms of stimulating innovation activity of Ukrainian economic entities is expended. Proposals for improving the tax legislation of Ukraine in the sphere of stimulating innovation economic development are suggested. 

REFERENCES
1. Atamanova Yu.E. (2009), Osnovni problemy systemnogo gospodars’ko-pravovogo regulyuvannya vidnosyn v innovacijnij sferi [The main problem of the systems economic-law regulation of the relations in the innovations field], Abstract for a doctor’s degree, Economic law; economic-procedural law, National Law Academy of Ukraine named after Yaroslav Mudry, Kharkiv, Ukraine.
2. Vyshnevskyy V.P., Zbarazska L.O., Zanizdra M.Yu., Chekina, V.D. and other (2016), Natsionalna model neoin dustrialnoho rozvytku Ukrayiny [The national model of neoindustrial development of Ukraine], NAS of Ukraine, Institute of Industrial Economics, Kyiv, Ukraine, available at: http://iep.donetsk.ua/publish/mono/Vishnevsky_Polovyan_Zbarazska_2016.pdf (Accessed 12 January 2017).
3. Vyshnevskyy V.P., Vetkyn A.S., Chekyna V.D. and other (2014), Formirovanie i realyzatsiya nalohovoy politiki v sfere upravleniya razvitiem promyshlennosti [Formation and implementation of tax policy in the sphere of in dustrial development management], NAS of Ukraine, In stitute of Industrial Economics, Donetsk, Ukraine.
4. Heyts V.M. and other (2015), Innovatsiyna Ukrayina 2020: natsionalna dopovid [Innovative Ukraine 2020: National Report], NAS of Ukraine, Kyiv, Ukraine.
5 Moldovan O.O., Medvyedkova N.S., Shhodo docil’nosti zaprovadzhennya podatkovyx mehanizmiv stymulyuvannya innovacijno-investycijnogo rozvytku v Ukrayini: analitychna zapyska [As for expediency of introduction tax incentive mechanisms of innovation and investment development in Ukraine: analytical paper], The National Institute for Strategic Studies, Kyiv, Ukraine, available at: http://www.niss.gov.ua/articles/1315/ (Accessed 12 January 2017).
6. Moldovan O.O. (2013), Podatkovi instrumenty stymulyuvan nya NDDKR korporatyvnogo sektoru: svitova praktyka zastosuvannya [Tax instruments to R&D stimulate of the corporate sector: the world practice of the application], Stratehichni priorytety, vol. 3 (28), pp. 38—45.
7. Simson O. (2010), Innovacijne pravo yak zaporuka stalogo innovacijnogo rozvytku [The innovative law as a guarantee of sustainable innovative development], Theory and practice of intellectual property, vol. 4, pp. 81—86.
8. Sokolovska A.M., Yefymenko T.I., Lunina I.O. and other (2006), Systema podatkovykh pilh v Ukrayini u konteksti yevropeyskoho dosvidu [The system of tax incentives in the Ukraine in the context of European experience], Scientific and Research Financial Institute, Kyiv, Ukraine.
9. European Commission (2016), Proposal for a Council Directive on a Common Corporate Tax Base of 25.10.2016, available at: https://ec.europa.eu/taxation_customs/sites/taxation/files/com_2016_685_en.pdf (Accessed 12 January 2017).
10. European Commission (2016), Accompanying the document of Proposals for a Council Directive on a Common Corporate Tax Base and a Common Consolidated Corporate Tax Base (CCCTB), available at: http://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX:52016SC0341 (Accessed 12 January 2017).
11. The Verkhovna Rada of Ukraine (2016), Pro vnesennya zmin do Podatkovogo kodeksu Ukrayiny (shhodo vstanovlen nya investycijnyx preferencij u vydi investycijnogo po datkovogo kredytu): proekt Zakonu Ukrayiny [On the Amendments to the Tax Code of Ukraine (concerning the establishment of investment preferences in the form of investment tax credit): Project of the Law of Ukraine], available at: http://w1.c1.rada.gov.ua/pls/zweb2/webproc4_1?pf3511=59892 (Accessed 10 October 2016).
12. The State Duma of RF (1998), Nalogovyj kodeks Rossijskoj Federacii [Tax Code of Russian Federation], available at: http://base.garant.ru/10900200/13/#block_20009 (Accessed 12 January 2017).
13. The Verkhovna Rada of Ukraine (2011), Podatkovyj kodeks Ukrayiny [Tax Code of Ukraine], Vidomosti Verhovnoyi Rady Ukrayiny, vol. 13—17, art. 112.
14. The Department of Finance (2013), Review of R&D Tax Credit. Invitation for Submissions, available at: http://taxpolicy.gov.ie/wp-content/uploads/downloads/2013/04/Invitation-for-Submissions-for-Consultation-on-RD-Tax-Credit.pdf (Accessed 12 January 2017).
15. Mazur Yu.O. (2016), Perspektyvy podatkovogo stymu lyuvannya NDDKR v Ukrayini: dosvid innovacijno rozvynutyh krayin [Prospects of R&D tax incentives in Ukraine: experience of innovative developed countries], Economy of Industry, vol. 2 (74), pp. 33—48.
16. The Verkhovna Rada of Ukraine (2016), Pro naukovu ta naukovo-tehnichnu diyal’nist’: Zakon Ukrayiny [On the scientific and scientific and technical activities: The Law of Ukraine], Vidomosti Verkhovnoyi Rady Ukrayiny, vol 3, art. 25.
17. The Verkhovna Rada of Ukraine (2013), Pro stymulyuvannya investycijnoyi diyal’nosti u priorytetnyh galuzyah ekonomiky z metoyu stvorennya novyh robochyx miscz’: Zakon Ukrayiny [On the stimulation of investment activities in the priority sectors of the economy to create the new work places: The Law of Ukraine], Vidomosti Verkhovnoyi Rady Ukrayiny, vol. 32, art. 410.
18. The Verkhovna Rada of Ukraine (2002), Pro innovacijnu diyal’nist’: Zakon Ukrayiny [On the innovation activity: The Law of Ukraine], Vidomosti Verkhovnoyi Rady Ukrayiny, vol 36, art. 266.