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EBA Tax INDEX

EBA Tax INDEX. 5 th wave , results of the 4th quarter 2013 – 1st quarter 2014. Conducted by the EBA w ith the support of InMind research company. May 2014. Project Methodology.

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EBA Tax INDEX

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  1. EBA Tax INDEX 5th wave, results of the 4th quarter 2013 – 1st quarter 2014 Conducted by the EBA with the support of InMind research company May 2014

  2. Project Methodology The presented results of the EBA Tax Index are based on the results of the 5th wave of the expert survey, conducted among EBA members. Methodology:the EBA Tax Index evaluates 4 taxation factors related to doing business: Evaluation of the quality of the tax legislation Evaluation of complication/ease of the tax administration Evaluation of the fiscal pressure level Evaluation of the quality of the tax service To define the level of each of the 4 factors, a 5-point scale was used, where 1 and5are the extreme opposite evaluations for each factor. When calculating the integral tax index, means for each factor and their weighting were used. The factors’ weights are defined by the expert evaluations of EBA Tax Committee members: tax legislation – 15%; tax administration – 40%; fiscal pressure – 30%; quality of the tax service – 15%.

  3. Report notice The results are presented by each of 4 factors, in particular: Mean of each factor Numeric value, which divides the upper half of the sample from the lower part (median) The results are also segmented by company size in accordance with the Commercial Code of Ukraine: Small enterprises: 50 or less employees, gross income – less than UAH 70 million for the financial year 2012 Medium enterprises: 50 to 250 employees, gross income – UAH 70 to 100 million for the financial year2012 Large enterprises: more than 250 employees, gross income – overUAH 100 million for the financial year2012 Participants: 52 representatives of EBA member-companies Timeframes: the data was collected in April – May 2014 and reflects the situation in the 4th quarter 2013 – 1st quarter 2014 Research Conduction: The research is conducted by the EBA, with analytic support provided by theInMind research company

  4. Overall results Minimum Index value – 1, maximum – 5.

  5. Overall results - chart

  6. EBA Tax INDEX: Components

  7. Tax Legislation Negative values Question: To what extent was the tax regime facilitating investments and your company’s activity in the 4thquarter 2013 – 1st quarter 2014? Evaluations by 5-point scale with extreme values: 1 –tax regime was profoundly preventing your company’s progress: 5 – tax regime was definitely promoting your company’s business progress Neutral value Positive values Mean 2,08 Median 2,00 Means of evaluation of tax legislation depending on the enterprise size

  8. Ease of Tax Administration Negative values Question: Could you please evaluate the complication/easiness of tax accounting and tax administration in 4thquarter 2013 – 1st quarter 2014? Neutral value Evaluations by 5-point scale with extreme values: 1 – verycomplicated 5 – veryeasy Positive values Mean 2,21 Median 2,00 Means of evaluation of ease of tax administration depending on the enterprise size

  9. Fiscal Pressure s Negative values Question: Could you please evaluate the fiscal pressure on your company in 4thquarter 2013 – 1st quarter 2014? Evaluations by 5-point scale with extreme values: 1 – fiscal pressure caused significant difficulties in company’s activity 5 – there were no signs of fiscal pressure at all in the activity of the company Neutral value Positive values Mean 2,54 Median 3,00 Means of evaluation of the fiscal pressure leveldepending on the enterprise size

  10. Tax Service Question: Could you please estimate the quality of the service your company received from the tax bodies in 4thquarter 2013 – 1st quarter 2014 (by the quality of the service you should understand affability and competence, the transparency of the received answers, the operational efficiency and convenience of the declaration submitting process etc.)? Negative values Neutral value Evaluations by 5-point scale with extreme values: 1 – complete dissatisfaction with the quality of the received service 5 – complete satisfaction from the received service Positive values Mean 2,73 Median 3,00 Means of evaluation of the tax servicedepending on the enterprise size

  11. EBA Tax INDEX: Auxiliary Indicators

  12. Effective Tax Rate: Tax Reform Impact Change of the effective tax rate in 4th quarter 2013 – 1st quarter 2014 Increased Reduced Definition: Effective tax rate – ratio of income to financial accounting and income to the tax report

  13. Fiscal Pressure Manifestation What evidence of fiscal pressure have you experienced in 4thquarter 2013 – 1st quarter 2014? Number of tax inspections into your company No inspections 7 and more inspections

  14. +38 044 496 06 01 office@eba.com.ua www.eba.com.ua

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