Since 2014
R&D tax incentives in the world and stimulation of innovations in Ukraine
Economy of Industry
View Archive Info| Field | Value | |
| Title |
R&D tax incentives in the world and stimulation of innovations in Ukraine
Налоговые стимулы НИОКР в мировой практике и стимулирование инноваций в Украине Податкові стимули НДДКР у світовій практиці та стимулювання інновацій в Україні |
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| Creator |
Mazur, Juliіa O.
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| Subject |
R&D tax incentives; innovation development; investment activity; investment tax credit; socio-economic development
налоговые стимулы НИОКР; инновационное развитие; инвестиционная активность; инвестиционный налоговый кредит; социально-экономическое развитие податкові стимули НДДКР; інноваційний розвиток; інвестиційна активність; інвестиційний податковий кредит; соціально-економічний розвиток |
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| Description |
It is considered in the article that innovation development of Ukrainian economy depends on the effective tax policy. The article proposes to improve tax incentives for business activities in the field of research and development (R&D). The approach to substantiate the targets of tax policy in the sphere of innovation development of Ukrainian economy taking into account the world experience of using R&D tax incentives is proposed. The analysis of the transformations of the tax legislation in Ukraine showed that the institutional support of innovative development of industry has been slow and not conducive to stimulating investment activity. The experience of countries that are actively developing their industries on the basis of innovation suggests that the tax exemption is not an effective tool to stimulate business entities in strategically important sectors of the economy, and the economy as a whole. Tax incentives such as tax credits, tax allowances, accelerated depreciation, and reduced income tax rate are widely used in the world practice. The R&D tax incentive government program provides financial benefits to companies investing in development of new or improved products, processes, services, materials or devices. The range of eligible activities is extremely diverse and may include any work undertaken to achieve improvements in performance, functionality, usability, efficiency or environmental impact. The vast majority of tax incentives are based on corporate income taxes. In the past years countries have shifted from tax incentives that only apply to increments in a firm‟s R&D expenditure (incremental schemes) towards incentives that apply to total R&D expenditure (volume-based schemes). Their use is determined by the strategic directions and priorities of social and economic development of the government. The role of R&D tax incentives in innovative development is significant. Recommendations for improvement of profit taxation of investment activity, namely the implementation of the tax legislation of Ukraine R&D tax incentives in the form of investment tax credit for R&D are justified. This will be deducted from the amount of corporate income tax of the costs of innovation, thereby reducing the amount of the tax or reduce the amount of tax liability generated. This will help to promote their investment activity and socio-economic development on the basis of innovation.
Исследуются особенности налогового стимулирования деятельности предприятий в сфере НИОКР. Предложен подход к обоснованию ориентиров налоговой политики в сфере инновационного развития экономики Украины с учетом мирового опыта использования налого-вых стимулов НИОКР. Даны рекомендации по совершенствованию налогового стимулирования инвестиционно активных предприятий с целью развития деятельности в сфере НИОКР. Досліджено особливості податкового стимулювання діяльності підприємств у сфері НДДКР. Запропоновано підхід до обґрунтування орієнтирів податкової політики у сфері інноваційного розвитку економіки України з урахуванням світового досвіду з використанням податкових стимулів НДДКР. Надано рекомендаціїщодо вдосконалення податкового стимулювання інвестиційно активних підприємств з метою розвитку діяльності у сфері НДДКР. |
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| Publisher |
Institute of Industrial Economics of NAS of Ukraine
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| Contributor |
—
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| Date |
2015-09-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — — |
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| Format |
application/pdf
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| Identifier |
http://ojs.econindustry.org/index.php/ep/article/view/49
10.15407/econindustry2015.03.005 |
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| Source |
Economy of Industry; No 3(71) (2015); 5–20
Экономика промышленности; No 3(71) (2015); 5–20 Економіка промисловості; No 3(71) (2015); 5–20 2306-532X 1562-109X 10.15407/econindustry2015.03 |
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| Language |
rus
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| Relation |
http://ojs.econindustry.org/index.php/ep/article/view/49/77
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| Rights |
Copyright (c) 2017 Economy of Industry
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