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

  • Nataliia Shalimova
  • Yana Klymenko
DOI: https://doi.org/10.46361/2449-2604.7.2.2020.64-84

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

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Published
2020-08-16
Issue
Vol 7 No 2 (2020): INNOVATIVE ECONOMICS AND MANAGEMENT
Section
Articles