Fiscal regulation of oilseed market development in Ukraine

The purpose of the article is to summarize existing trends in the market of oilseeds and scientifically substantiate an assessment of the feasibility and consequences of the application of fiscal regulation measures for a development of the oilseeds market in Ukraine and modeling the possible effects of their introduction. Research methodology. In the research process have been used such scientific methods: historical, abstract and logical, empirical, series of dynamics, index, factor analysis, comparison, evaluation of normative and legal framework, tabular, graphical, generalization and scientific prediction. Research results. The results of the study of expediency and possible consequences of introduction of measures of fiscal regulation of the market of oilseed crops in Ukraine have been presented. The current tendencies of the market of oilseeds and their processing products in Ukraine have been summarized. The significance of oilseeds for the economy of agricultural enterprises and formation of the foreign trade balance of the country have been determined. The world experience of fiscal regulation of foreigneconomic operations with oilseeds has been generalized. The existing legislative initiatives concerning the creation of fiscal steering tools for a development of the oilseeds market in Ukraine, in particular, regarding the change of the VAT regime for export 75 operations of oilseeds beyond the territory of Ukraine, have been described. Possible options for solving the problem of supply of soy and rapeseed for processing in order to increase the value added formed by the oil and fat industry have been proposed. Elements of scientific novelty. The possibility of using the world-wide practice of tools for fiscal regulation of foreign trade operations with products of cultivation of oilseeds and products of its processing in Ukraine has been generalized. The key threats and possible negative scenarios of the practical implementation of fiscal regulations for the development of oilseeds, based on the change in the VAT treatment of export operations with oilseeds, have been identified. The basic economic benefits and losses of the main participants or interest groups in the oilseed crops market have been determined by changing the VAT regime of their export deliveries. Practical significance. The results of the research can be used in the process of further scientific research of the problem of tools’ formation for fiscal regulation of the oilseeds development in Ukraine in terms of stimulation of the amount of added value created by the oil and fat industry. Also, the results of this study can be used as an economic substantiation of the relevant legislative initiatives aimed at changing the existing raw material model for a development of the oilseed market in Ukraine. Tabl.: 3. Figs.: 7. Refs.:23.