The strengthening of the role of value added tax in forming of budget
Borovyk P.M., Candidate of Economics, , Uman National University of Horticulture, Ukraine
Issue № 92. Part 2
The article is devoted to the problems of current national procedure for levying of value added tax. Results of the research showed that, despite the reform of the national mechanism for levying of value added tax, which took place through the adoption of the relevant section of the Tax Code of Ukraine, and through the addition of a number of changes to it, the procedure of calculation and payment of these tax forms is still far from perfect.
In particular, the key disadvantages of the national mechanism for levying of value added tax should include compensation for the negative value of the object of taxation of value added tax from the budget, a significant amount of tax benefits that are encouraged from the mechanism for levying of value added tax from the development of trade rather than from production and this causes inflation and also it encourages tax payers to pay this tax using schemes of optimizations.
The results of the research showed that the main directions of improving the procedure of calculation and payment of value added tax in Ukraine should be empowerment of fiscal authorities due to controlling of authenticity of the amounts of value added tax claimed for reimbursement and increased responsibility of fiscal service for their results, the increasing of the responsibility of tax payers and officials for the illegal declaration of negative value of the object of taxation with the value added tax, the development and implementation of factor of reduction to the amounts which are declared for budgetary compensation from the export of raw materials and low-tech products, the increasing responsibility for registration of value added tax payers fictitious companies, the coordination of tax and customs departments of the State fiscal service of Ukraine in order to prevent fictitious export and import of goods at low prices, reducing the benefits of value-added tax.
The abovementioned measures will effectively solve the current problems of levying of value added tax and considerably improve the fiscal and regulatory properties of this tax form.