The fiscal-regulatory role of resource rent taxation in Ukraine

Resource rent taxation is an instrument of state regulation designed to stimulate natural resource users to minimize the loss of natural resources during their extraction and involvement in economic circulation, to ensure their rational use. Together with the performance of the regulatory function, resource rent taxation should be a significant source of income for the state budget. The purpose of the article is to highlight the current problems of resource rent taxation in Ukraine from the standpoint of its fiscal and regulatory role, to formulate proposals of an applied nature regarding the improvement of taxation of natural resources in the conditions of the intensification of European integration and martial law. The following general scientific and special methods were used in the research process: logical analysis, synthesis, expert evaluation, description, comparison, theoretical generalization and abstract-logical. The current state of distribution of resource rent taxation to state and local budgets is highlighted. It is also revealed that the State Budget of Ukraine accumulates the main part of resource rent taxation. The fiscal role of the resource rent taxation in the revenues of the Consolidated Budget of Ukraine in general and in terms of individual payments, in particular, is analyzed. It has been proven that the resource rent taxation remains one of the few mandatory payments that increase revenues and ensure the fulfillment of planned indicators. The main changes in the mechanism of accrual and payment of resource rent taxation in Ukraine are highlighted. It was established that resource rent taxation does not ensure rational use of natural resources. It was concluded that the reform of resource rent taxation should be based on the differentiation of rates depending on the objects of taxation, taking into account objective assessments of the productivity of sources of natural resources. At the same time, it is necessary to focus on ensuring optimal profitability indicators of economic entities that use natural resources, especially in strategically important areas, such as gas or oil production.