Taxation peculiarities of tourism activity in Ukraine due to COVID-19

Abstract

The article examines the peculiarities of taxation of subjects of tourism activity in Ukraine, defines a list of normative legal acts regulating the system of taxation of subjects of entrepreneurial activity in the field of tourism. The procedure for paying taxes in Ukraine by companies providing services in the field of tour operators and travel agencies is defined in the Tax Code (Article 207). The peculiarities of the taxation of this market segment relate mainly to the administration of VAT, in particular the impact of this tax on the activities of business entities in tourism when calculating the tax base through the mechanism of formation and repayment of the tax credit. The general and simplified taxation system is analyzed. The advantages of a simplified taxation system for tourism business entities are given. It was established that the manifestation of the regulatory function of taxes depends on the decision-making of the definition of: the object of taxation, tax rates, terms of tax payment, sources of tax payment, granting of benefits. Systematized changes in the country's legislative acts introduced by the government in the taxation of tour operator and travel agency activities in Ukraine as a result of the pandemic due to the spread of the acute respiratory disease COVID-19 caused by the SARS-CoV coronavirus. The article provides an analysis of current areas of support in the field of tourism in modern conditions in the context of global and domestic experience. The main distinguishing feature of the taxation of the tourist product and the possible options for charging tax liabilities for the supply of each individual tourist product for the tour operator are determined. The peculiarities of determining the tax credit for tourism business entities are considered. An assessment of the possible trajectories of the restoration of the tourism sector was carried out, taking into account the measures taken and the trends formed. The work examines the specifics of the choice of areas of support for the tourism sector in modern conditions. The practical significance of the work consists in the systematization of legislative changes in some aspects of taxation of enterprises in the tourism industry, the need for a strategic plan for the development and reconstruction of the tourism industry for 5–10–15 years has been determined. It is also pointed out the need to improve the primary, fundamental laws that regulate the rules of operation of the tourism industry in Ukraine.