THE IMPACT OF THE COVID-19 PANDEMIC ON THE FILLING OF LOCAL BUDGETS
| Autor: | Svitlana Savitska, Pavlina Fugelo |
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| Rok vydání: | 2020 |
| Předmět: | |
| Zdroj: | The economic discourse. :86-94 |
| ISSN: | 2410-7476 2410-0919 |
| Popis: | Introduction. The topical matter is defined due to the need of the COVID-19 pandemic’s impact assessment and legislative innovations aimed at counteracting it, to change the volume and structure of local budget revenues. Methods. The methodological basis of the study are methods of empirical research (comparison, measurement, monitoring); methods of theoretical research (ascent from the abstract to the concrete, idealization, deductive and axiomatic method); general methods used both at the empirical and theoretical level of research (abstraction and concretization, analysis, synthesis, induction, deduction, analogy). Results. The article deals with detailed changes to the Tax Law book, as tax revenues are the main source of filling local budgets. In particular, changes are related to personal income tax, local taxes and fees (including real estate tax, land fees, unified tax). The moratorium impact on the application of penalties and inspections on the filling of local budgets is noted. The decision’s influence of the local self-government body regarding the reduction of unified tax rates for I and II groups of unified taxpayers on local budget revenues has been studied. The dynamics and structure of owned revenues of Kamianets-Podilskyi for 2017-2019 is analyzed. The amounts of possible shortcomings of local budgets due to the initiation of quarantine measures are calculated. The reasons for reduction of revenues from excise tax, land tax, unified tax, tourist tax, from the application of fines and other sanctions are explained. Discussion. The outlook for further research is to outline the ways to overcome negative effects of the COVID-19 pandemic and the resulting quarantine measures for local budgets. Keywords: local budget revenues, pandemic, budget legislation, tax legislation, budget deficit. |
| Databáze: | OpenAIRE |
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