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Kvaziakumulyatsiya VAT as a tool to stimulate the development of priority types of agricultural activities

Author(s) Tulush L.D., Candidate of Sciences Ekonomicheskie, , NSC "Institute of agrarian economy"
Category Economics
year 2017 issue Issue № 91. Part 2
pages 100-120 index UDK 336.22 : 631.16
Abstract The article generalizes the practice of functioning of a special regime for the levying of value added tax in agriculture, aimed at financial support of enterprises of the industry. The stages of reforming its mechanism are described: the mode of VAT accumulation; "splitting up" of VAT sums; "quasi-accumulation" of VAT. The importance of VAT-support in different variants of formation of a special regime for charging this tax is analyzed - on the basis of the ratio of its volumes to the incomes of agricultural enterprises from the main activity. The advantages and disadvantages of various approaches to the formation of the mechanism of functioning of the special regime for the levying of VAT in agriculture are generalized. The complex estimation of the mechanism of "quasi-accumulation" of VAT amounts, which is applied in accordance with tax innovations from January 1, 2017 and is scheduled for January 1, 2022, has been carried out. This financial support regime provides for the pre-financing paid by agricultural enterprises included in the special register, VAT-obligations from the implementation of state-priority priority activities from the state's point of view. Subsequently, on the basis of the use of special formulas, part of the amounts of VAT invested in the budget in the form of budget subsidies are returned. The new order of state financial support concerns the production of agricultural products, oriented mainly to the domestic market, characterized by low purchasing power of the population, and is intended to increase the profitability of such activities and its investment attractiveness. The existing shortcomings of the new form of financial support for priority agricultural activities in the mode of VAT accumulation, which reduce its efficiency and require consideration in the process of further improvement of the mechanism of financial support for agricultural development through a special procedure for the collection of VAT, are summarized. It is substantiated that the mechanism for calculating budget subsidies in the mode of "quasi-accumulation" of VAT requires improvement in the direction of ensuring a more objective distribution of the amount of state financial support, in particular by reducing the share of poultry in the subsidy fund, reducing the negative impact on investment activity of agricultural enterprises and eliminating existing administrative disadvantages.
Key words tax mechanism, value added tax, state financial support, fiscal stimulation, budgetary subsidy, tax obligations, "quasi-accumulation" of VAT
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