European Journal of Law and Public Administration V. 5

5 Eur. J. L. & Pub. Admin. 1 (2018)

handle is hein.journals/ejlpa5 and id is 1 raw text is:

THE TAX ON IMMOVABLE PROPERTY,
DIFFERENT FROM THE LAND PLOT:
THEORY AND PRACTICE OF APPLICATION

Igor BABIN', Lyudmila VAKARYUK2

Abstract

The tax on immovable propery is one of the oldest fypes of taxes known to the
financal and legal science. In fact, a land tax and a tax on immovable propery, deferent
from the land plot, are those local taxes that are subject to taxation in each territorial
community. In addition, this tax: 1) relatively simple and transparent in administration;
2) is fixed and does not depend on the results of the economic activiy of the payer; 3)
encourages the redistribution o property from a less effident to a more efficient owner; 4)
faciitates a better assessment of own assets by payers-legal entities; 5) allows to bring in to
taxation the income received as a result of shadow activiy; 6) provides relatively stable and
projected revenues to the budget. The problems of taxation of real estate in Ukraine are
both economic and political in nature. Among the first group o problems is the choice of
the form of taxation of real estate, the definition of tax base, tax rates, benefits, as well as
diferences in the taxation of certain fypes of real estate. The second group o problems is
relate to the ambiguous perception of tax by citiZens, the presence of a strong political lobby
that allowed long to delay the introduction of this tax and the possibiliy of not paying even
now.

Keywords:
tax sstem; tax on immovable propery, deferent from the land plot; taxation of
real estate; taxes on wealth; local taxes; Ukraine.

1 PhD, Associate Professor of the Department of Public Law at Yuriy Fedkovych
Chernivtsi National University, Ukraine, ibabin@ukr.net, 380 0509513603.
2 PhD, Associate Professor of the Department of Public Law at Yuriy Fedkovych
Chernivtsi National University, Ukraine, lyudmilavakaryuk@gmail.com, 380 958854017.

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