ANALYSIS OF TAX ENVIRONMENT OF BUSINESS IN AGRARIAN SECTOR OF ECONOMY OF UKRAINE

In recent years, domestic tax legislation is characterized by its instability, changeability, complexity and excessive tax burden. And the year of 2017 was not exception because it started with changes made to the Tax Code and other legal acts. The impact of next tax reform on some economic indexes of agricultural producers activity was under analysis using the data of a specific enterprise and it was found that novations of tax legislation increased tax burden by 4.6 times and significantly worsened the financial situation of a studied enterprise. It was proved that shadow economy is a method for survival in current Ukrainian realities leading to a reduction of revenues to the State Budget, capital outflow, investment decrease and so on, after analyzing the variants for selling of produced agricultural crops in 2016 under renovated tax legislation. Rise of a minimum wage to 3200 UAH after adoption of the Law on State Budget will also cause mostly negative consequences for the economy of the country. There are some difficulties concerning administration of tax payments together with excessive tax burden. Conducted analysis of the tax environment showed extreme complexity of the social and economic situation in agrarian sector of economy especially for small business. To our mind, creation of full-value tax environment for the development of farms with small economy aimed at their modernization and full integration into the national economic system is the solving of social and economic problems of modern village and Ukrainian economy as a whole.