Simplified Taxation System: Role and Impact on Small Business Development in Ukraine

The article deals with the issue of the role of simplified taxation system in Ukraine, which aimed to support small business. The research explores the features of the simplified taxation system in Ukraine and its influence on the development of small businesses in terms of overcoming the financial crisis. The article determines the advantages of simplified taxation system and the main problems of its implementation. The article determines the fiscal and regulatory functions of simplified taxation system; presents the characteristics of groups of taxpayers of single tax and limits of use the simplified taxation system in accordance to the Tax Code of Ukraine. The dynamics of single tax in the structure of revenues of local budgets are presented in the article. Simplified taxation system, accounting and reporting has become the main instrument of support small business in Ukraine. Despite the identified problems of simplified taxation system for the years of its existence in Ukraine, it still demonstrates its significant role not only as a fiscal tool but also as a means of preserving the social stability and incentive of business development.