REFLECTION OF DATA ON RELATED PARTIES AND TRANSACTIONS WITH THEM IN TAX ACCOUNTING

  • Nataliia Shalimova
  • Yana Klymenko

NATALIIA SHALIMOVA

Doctor of Economics, Professor, Dean of Accounting and Finance Faculty,

Сentral Ukrainian National Technical University

Kropyvnytskyi, Ukraine

E-mail: nataliia.shalimova@gmail.com

orcid-og-image4.pnghttp://orcid.org/0000-0001-7564-4343

 

YANA KLYMENKO

Сentral Ukrainian National Technical University

Kropyvnytskyi, Ukraine

E-mail: Yana_Rud@bigmir.net

orcid-og-image4.pnghttp://orcid.org/0000-0002-3233-6938

 

Abstract

The article analyzes the regulatory framework of Ukraine on the peculiarities of tax accounting of transactions with related parties. Particular attention is paid to the study of the criteria for recognition of business entities as related parties in accordance with the Tax Code of Ukraine. The formula for determining the indicator of the company's share in the authorized capital of another with indirect ownership of corporate rights has been improved. It is proposed to define the category of close relatives and family members of an individual, which will unify the approaches to this category of persons in domestic legislation.

Keywords: affiliated parties, related parties, tax accounting, taxation, ownership of corporate rights, close relatives and family members of an individual, top management

Downloads

Download data is not yet available.

References

Vorontsov A. (2013). Znajomtesia! Poviazani osoby, abo Koly zviazky maiut znachennia. [Meet me! Related parties, or When connections matter]. Hazeta «Interaktyvna bukhhalteriia» – «Interactive Accountancy» Newspaper, 12 (21). Retrieved from https://interbuh.com.ua/ua/documents/onethematic/324 [in Ukrainian].

Hospodarskyj kodeks Ukrainy [Economic Code of Ukraine]. (2003, 16 January) http://zakon.rada.gov.ua. Retrieved from https://zakon.rada.gov.ua/laws/show/436-15 [in Ukrainian].

Zasadnij B. (2015). Formuvannya oblikovoyi politiki pidpriyemstva shodo povyazanih storin. [Formation of enterprise accounting policies for related parties]. Visnik Kiyivskogo nacionalnogo universitetu imeni Tarasa Shevchenka. Ekonomika - Bulletin of Taras Shevchenko National University of Kyiv. Economy, Vol. 10, 24-30 [in Ukrainian].

Kolesnik Ya.V., & Nikolaienko A.V. (2018). Opodatkuvannia ahrarnykh pidpryiemstv: mynulyj dosvid ta realii sohodennia. [Taxation of agricultural enterprises: past experience and realities of today]. Ahrosvit - Agro-world, 20, 37-42. Retrieved from http://www.agrosvit.info/pdf/20_2018/7.pdf [in Ukrainian].

Kruhla N.M. (2016). Oblik opodatkuvannia protsentiv za borhovymy zoboviazanniamy, iaki vynykaiut pry zdijsnenni operatsij z poviazanymy osobamy-nerezydentamy. [Debt Interest Taxation Accounting for Non-resident Related Transactions]. Bukhhalters'kyj oblik, analiz ta audyt: problemy teorii, metodolohii, orhanizatsii – Accounting, analysis and audit: problems of theory, methodology, organization, 2, 58-66. Retrieved from http://nbuv.gov.ua/UJRN/boaa_2016_2_9 [in Ukrainian].

Kutsyk P.O., & Polianska O.A. (2017). Oblik i zvitnist v opodatkuvanni [Accounting and Reporting in Taxation]. Lviv : LTEU [in Ukrainian].

Ocheretko L.M., & Zalisska K.R. (2015) Opodatkuvannia prybutku budivelnykh pidpryiemstv za dovhostrokovymy budivelnymy dohovoramy (kontraktamy) [Taxation of profits of construction enterprises under long-term construction contracts (contracts)]. Stalyj rozvytok ekonomiky – Sustainable economic development, 1, 238-245 Retrieved from http://nbuv.gov.ua/UJRN/sre_2015_1_38 [in Ukrainian].

Podatkovyj kodeks Ukrainy [Tax Code of Ukraine]. (2010, 2 September) http://zakon.rada.gov.ua. Retrieved from http://zakon4.rada.gov.ua/laws/show/2755-17 [in Ukrainian].

Zakon Ukrainy vid 17.09.2008 №514-VI «Pro aktsionerni tovarystva» [The Law of Ukraine of September 17, 2008 №514-VI «About Joint Stock Companies»]. (2008, 17 September) http://zakon.rada.gov.ua. Retrieved from https://zakon.rada.gov.ua/laws/show/514-17 [in Ukrainian].

Postanova Plenumu Verkhovnoho Sudu Ukrainy vid 08.10.2004 №15 «Pro deiaki pytannia zastosuvannia zakonodavstva pro vidpovidalnist za ukhylennia vid splaty podatkiv, zboriv, inshykh oboviazkovykh platezhiv» [Resolution of the Plenum of the Supreme Court of Ukraine of October 8, 2004 №15 «Some Issues of Legislation on Liability for Tax, Taxes, Other Compulsory Payments»]. (2004, 8 October) http://zakon.rada.gov.ua. Retrieved from https://zakon.rada.gov.ua/laws/show/v0015700-04 [in Ukrainian].

Nakaz Ministerstva finansiv Ukrayini vid 27.06.2013 №635 «Pro zatverdzhennya Metodichnih rekomendacij shodo oblikovoyi politiki pidpriyemstva ta vnesennya zmin do deyakih nakaziv Ministerstva finansiv Ukrayini» [The Law of Ukraine of June 27, 2013 №635 «About approval of Methodical recommendations on accounting policy of the enterprise and amendments to some orders of the Ministry of Finance of Ukraine»]. (2013, 27 June) http://zakon.rada.gov.ua. Retrieved from https://zakon.rada.gov.ua/rada/show/v0635201-13 [in Ukrainian].

Zakon Ukrainy vid 06.02.2018 №2275-VIII «Pro tovarystva z obmezhenoiu ta dodatkovoiu vidpovidalnistiu» [The Law of Ukraine of February 6, 2018 №2275-VIII «About limited liability and additional liability companies»]. (2018, 6 February) http://zakon.rada.gov.ua. Retrieved from https://zakon.rada.gov.ua/laws/show/2275-19 [in Ukrainian].

Mizhnarodnyj standart bukhhalterskoho obliku stanom na 01.01.2012 №24 «Rozkryttia informatsii pro zviazani storony» [International Accounting Standard as of January 1, 2012 «Disclosure of related parties»]. (2012, 1 January) http://zakon.rada.gov.ua. Retrieved from http://zakon3.rada.gov.ua/laws/show/929_043 [in Ukrainian].

Polozhennia (standart) bukhhalterskoho obliku vid 18.06.2001 №23 «Rozkryttia informatsii schodo pov'iazanykh storin» [Regulation (Standard) of accounting of June 18, 2001 №23 «Related Party Disclosures»]. (2001, 18 June) http://zakon.rada.gov.ua. Retrieved from https://zakon.rada.gov.ua/laws/show/z0539-01 [in Ukrainian].

Simejnyj kodeks Ukrainy [Family Code of Ukraine]. (2002, 10 January) http://zakon.rada.gov.ua. Retrieved from https://zakon.rada.gov.ua/laws/show/2947-14 [in Ukrainian].

Slyvka Ya.V. (2010). Aktualni pytannia schodo obliku rozrakhunkiv z pokuptsiamy ta zamovnykamy: systematyzatsiia pohliadiv [Topical issues in accounting for payments with buyers and customers: systematization of views.]. Visnyk ZhDTU – ZhSTU Bulletin, 2, 178-182 [in Ukrainian].

Davydov, H.M. et al. (2016). Subiekty hospodariuvannia: opodatkuvannia, kontrol ta audyt [Businesses: Taxation, Control and Audit]. H.M. Davydov, I K. Drozd (Ed.). Kyiv : Sova [in Ukrainian].

Tymoshenko A.O. (2018). Opodatkuvannia posluh v IT-sferi: problemy ta perspektyvy. [Taxing IT Services: Challenges and Prospects]. Ekonomika ta derzhava – Economy and the state, 4, 46–52 Retrieved from http://www.economy.in.ua/pdf/4_2018/12.pdf [in Ukrainian].

Tkachenko N.M. (2016). Bukhhalterskyj (finansovyj) oblik, opodatkuvannia i zvitnis' [Accounting (financial) accounting, taxation and reporting]. (7d. ed.). Kyiv : Alerta [in Ukrainian].

Tselujko O. (2015). Poviazani osoby: vyznachennia ta vidobrazhennia v oblikovij politytsi pidpryiemstva [Related parties: Define and reflect on enterprise accounting policies]. Biblioteka Balans – Library Balance, 13, 31-36 [in Ukrainian].

Lyst DFS vid 09.03.2017 №424/2/99-99-15-02-02-10 «Schodo vyznannia poviazanykh osib ta deiakykh operatsij kontrolovanymy» [Letter from the SFS of March 9, 2017 №424/2/99-99-15-02-02-10 «With respect to the recognition of related parties and certain transactions controlled»]. (2017, 9 March). http://sfs.gov.ua. Retrieved from http://sfs.gov.ua/baneryi/podatkovi-konsultatsii/konsultatsii-dlya-yuridichnih-osib/71733.html [in Ukrainian].

Published
2020-08-16