Shvorak Anatoliy, Doctor of Economics, Аssociate Professor of Economics and Nature Management, Lesya Ukrainka Volyn National University, Lutsk, Ukraine

ORCID ID: 0000-0003-2077-5308
e-mail: ams95@ukr.net

Kulynych Myroslava, Ph.D. in Economics, Associate Professor of the Department of Accounting and Taxation, Lesya Ukrainka Volyn National University, Lutsk, Ukraine

ORCID ID: 0000-0001-9024-2924
e-mail: kulmiros@gmail.com

Fatenok-Tkachuk Аlla, Ph.D. in Economics, Associate Professor of the Accounting and Auditing Department, Lesya Ukrainka Volyn National University, Lutsk, Ukraine

ORCID ID: 0000-0001-6200-4873
e-mail: allafat@i.ua

Melnyk Kateryna, Ph.D. in Economics, Associate Professor of Accounting and Auditing Department, Lesya Ukrainka Volyn National University, Lutsk, Ukraine

ORCID ID: 0000-0001-9167-5801
e-mail: pristypakatia@ukr.net

The Normative Land Valuation Impact on Rural Development in Ukraine through the Prism of Taxation and Role of Auditing in its Determing

Abstract. The article examines the impact of the new regulatory assessment of agricultural land on the amount of land tax and rent. The comparative analysis with the preliminary normative estimation is resulted. One of the mechanisms for confirming or refuting the availability of information of qualitative and quantitative characteristics, which are determined by the circumstances and results of formalization and application of regulatory land valuation, is to provide its users with the results of audit tasks.

Purpose. The purpose of the article is to study the impact of land valuation on the development of rural areas of Ukraine through the prism of taxation and the role of audit of its definition.

Results. It is proved that the demand and supply in the market, the level of solvency of the population, conditions of sale, the nature of possible competition, the distribution of property rights to land, obligations and restrictions on land use, etc. are of great importance for market valuation of land. The introduction of a new normative monetary valuation of agricultural land will lead to the loss of the revenue base of budgets for certain territorial communities. Tax revenues to local government budgets will also decrease by a percentage reduction in the regulatory monetary assessment. The expediency, validity and effectiveness of the decisions of the subjects of state regulation on the implementation and updating of regulatory assessments of land resources can be assessed on the basis of the implementation of audit measures.

Conclusions. We propose to apply a risk-oriented audit approach at the stage of determining the feasibility of regulatory assessments. We believe that the current neglect of the problem of risk has led to unpredictable consequences of the application of regulatory assessment of land resources. In the context of agricultural reform in Ukraine, the role of audit is determined by the information needs of different groups of information users both in relation to the functioning of the industry as a whole and in relation to the activities of individual enterprises.

Keywords: agriculture, arable land, normative monetary valuation, land tax, agricultural lands, rent, audit.

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