Kudiyarov Kishibay Ramatullayevich
Researcher at Karakalpak State University, PhD, associate professor. [email protected].
ORCID: 0000-0002-7305-3942
tel. +998 91 305 00 25
Аbstract. This study examines the impact of the taxation system on the profitability of the agricultural sector based on theoretical and empirical research. The purpose of the study is to study the impact of taxation on the financial results of the agricultural sector based on the conducted scientific research. The following research methods were used in the work: scientific abstraction, analysis and synthesis, induction and deduction, scientific approaches to theoretical and empirical research, expert assessment, descriptive statistics and comparative analysis. Among the measures of state financial support, taxes occupy a special place, since the tax burden indicators have a significant impact on the profitability of agricultural production. For this reason, it should be noted that tax policy is one of the important factors influencing the competitiveness of the agricultural sector of the economy. The features of taxation systems for agricultural producers are presented by the main elements and conditions of application, on the basis of which it is possible to assess the sufficient variability of the preferential regimes proposed by legislation. The impact of taxation on the financial performance of agricultural enterprises is examined based on theoretical and empirical studies. Encouraging investment by increasing the profitability of the sector with financial support through taxes can increase labor productivity and ensure efficient use of land. The special taxation regime of the agricultural sector in developed countries is analyzed. The typology of the special agricultural tax regime and tax incentives of OECD countries is analyzed. In developed countries, the influence of tax instruments on the regulation of the agricultural sector covers such areas of state policy as support for the processes of creating a competitive environment, increasing the rate of investment in scientific and technological development, improving the quality of life and employment of rural residents. Based on the cross-country comparative analysis, differences in the systems of taxation of production factors in agriculture are determined, which allows formulating priority areas of tax policy aimed at improving the situation related to increasing the profitability of agriculture. The following conclusions are made as a result of the analysis.
Keywords: agricultural sector, farms, income, profitability,taxes, tax base, taxation, tax rate.