WAYS TOWARDS ADVANCED AUTOMATIC MEASURES TO PREVENT VAT EVASION

2018 ◽  
Vol 1 (11) ◽  
pp. 102-118
Author(s):  
Andrew Vadimovich Grona
Keyword(s):  
Accounting System ◽  
Investment Climate ◽  
Administration System ◽  
Doing Business ◽  
Key Points ◽  
Ministry Of Finance ◽  
Finance Department ◽  
Tax Payers ◽  
Electronic Administration ◽  
New Criteria

This paper intends to bring a view on possible measures, which the Cabinet of Ministers and Finance Department of Ukraine are authorized to implement. These measures concern introducing new criteria for evaluating the level of risks, sufficient for stopping a registration of tax invoices/adjustment calculations, depending on a kind of the stated goods’ issue. Both the criteria and implementation of those are based on the information, received from an au- tomated VAT payers’ inventory accounting system, necessary for creationas a component of VAT electronic administration system. The paper brings a view on measures, intended to automate a processof reviewing tax payers’ written expla- nations by the SFS committee, established in accord to FDU’s order # 566 on 13.06.2017. In addition, some automatic measures to prevent realizing the “twist- ing” operations have been proposed in the paper. It was noted that the procedure for stopping the registration of risky tax invoices was introduced as a means of automatically preventing such a widespread VAT avoidance scheme as a “twist” for all goods, and not just for fuel. In this article, under the risky tax billing/ adjustment calculations, it is proposed to understand such tax invoices/adjust- ments calculations that satisfy the approved criteria of the Ministry of Finance to assess the degree of risk sufficient to stop their registration. It is noted that the principle of indiscretion has already been established in Ukraine. It is estab- lished prematurely, since it is not yet backed up by effective automatic measures to prevent VAT deviations. The real implementation of this principle is one of the key points in improving the investment climate and implementing economic re- forms in Ukraine. It will sharply increase the level of freedom of doing business in Ukraine, will open the way for an automatic VAT refund procedure and deprive enterprises of unreasonable checks that are carried out in connection with the detection of tax breaches by their counterparties (and, more often, counteragents of their counterparties).

WAYS TOWARDS ADVANCED AUTOMATIC MEASURES TO PREVENT VAT EVASION

2018 ◽  
Vol 1 (12) ◽  
pp. 102-118
Author(s):  
Andrew Vadimovich Grona
Keyword(s):  
Accounting System ◽  
Investment Climate ◽  
Doing Business ◽  
Key Points ◽  
Ministry Of Finance ◽  
Written Explanations ◽  
Finance Department ◽  
Tax Payers ◽  
Electronic Administration ◽  
New Criteria

This paper intends to bring a view on possible measures, which the Cabinet of Ministers and Finance Department of Ukraine are authorized to implement. These measures concern introducing new criteria for evaluating the level of risks, sufficient for stopping a registration of tax invoices/adjustment calculations, depending on a kind of the stated goods’ issue. Both the criteria and implementation of those are based on the information, received from an automated VAT payers’ inventory accounting system, necessary for creationas a component of VAT electronic administration system. The paper brings a view on measures, intended to automate a processof reviewing tax payers’ written explanations by the SFS committee, established in accord to FDU’s order # 566 on 13.06.2017. In addition, some automatic measures to prevent realizing the “twisting” operations have been proposed in the paper. It was noted that the procedure for stopping the registration of risky tax invoices was introduced as a means of automatically preventing such a widespread VAT avoidance scheme as a “twist” for all goods, and not just for fuel. In this article, under the risky tax billing/ adjustment calculations, it is proposed to understand such tax invoices/adjustments calculations that satisfy the approved criteria of the Ministry of Finance to assess the degree of risk sufficient to stop their registration. It is noted that the principle of indiscretion has already been established in Ukraine. It is established prematurely, since it is not yet backed up by effective automatic measures to prevent VAT deviations. The real implementation of this principle is one of the key points in improving the investment climate and implementing economic reforms in Ukraine. It will sharply increase the level of freedom of doing business in Ukraine, will open the way for an automatic VAT refund procedure and deprive enterprises of unreasonable checks that are carried out in connection with the detection of tax breaches by their counterparties (and, more often, counteragents of their counterparties).

Assessment of changes in the application of the accounting regulation pbu 18/02 “Аccounting for income tax calculations” since 2020

2020 ◽  
pp. 10-24
Author(s):  
Irina Selezneva ◽  
Irina Selezneva ◽  
Elena Shlyapnikova
Keyword(s):  
Income Tax ◽  
Financial Statements ◽  
Accounting Data ◽  
Current Income ◽  
Accounting Regulation ◽  
New Concepts ◽  
Net Profit ◽  
The Russian Federation ◽  
Ministry Of Finance ◽  
Tax Payers

The article assesses the changes made by the Order of the Ministry of Finance of the Russian Federation dated 20.11.2018 No. 236n v PBU 18/02 “Accounting for settlements with the budget for income tax”. The application of the new norms of PBU 18/02 is mandatory for corporate income tax payers with accounting (financial) statements for 2020. The essence of the problem is that the updated PBU 18/02 contains new concepts, new calculations of indicators necessary for reflection in accounting and accounting (financial) statements. The article consists of six parts, beginning with an introduction and ending with conclusions. The introduction substantiates the relevance of the study. At the beginning of the article, the purpose and objectives of the research are defined, as well as the materials, methods and conditions for conducting the research. The results of the study and their discussion are presented below. In the article, the authors highlight the problem of transition from the previously existing norms of PBU 18/02 to the new norms applied from 2020. The main part compares the concepts and indicators used in 2019 and 2020 in accordance with the requirements of PBU 18/02. The article also addresses the issues of evaluating work in progress in accordance with the requirements of regulatory legal acts in the field of accounting and taxation. The procedure for applying the norms of PBU 18/02 is shown on a specific example and the calculation procedures made that justify the occurrence of temporary differences that lead to the recognition of deferred income tax, as well as conditional income tax expense and current income tax on the accounting accounts. For clarity and comparison, the indicators for the application of PBU 18/02 in 2019 and 2020 are presented in the tables. In addition, the tables show the schemes of accounting transactions for accounting calculations with the budget for income tax in two ways to determine the current income tax: based on accounting data and based on tax Declaration data. Having considered a specific example of the procedure for applying the norms of PBU 18/02 in the version up to 2020 and in the current version from 2020, the authors conclude that changes in the procedure for identifying temporary differences do not mean a change in their value and the value of net profit

scholarly journals INVESTMENT SECURITY IN THE SYSTEM OF ECONOMIC SECURITY OF THE STATE

2021 ◽  
Author(s):  
Nataliia Sytnyk ◽  
Veronika Ishchenko
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Economic Security ◽  
The State ◽  
Fixed Capital ◽  
Investment Climate ◽  
Important Place ◽  
Doing Business ◽  
The World ◽  
The Government

In modern conditions of functioning of the market economy, in the era of development of globalization and globalization processes, the prevalence of international relations, the spread of various forms of international capital movement, in particular foreign direct investment, an important place is occupied by investment activities and policies implemented by the state within the framework of the latter. It is difficult to overestimate the importance and role of investment, because world experience shows that the effective development of business entities, and therefore the country's economy as a whole, cannot be imagined without making investments. Therefore, the government of almost any country in the world is focused on creating a favorable investment climate. The article defines the theoretical foundations of investment security of the state: the essence of the concept is outlined, the principles on which investment security is based, its place and role in the state's economic security system are justified. Qualitative and quantitative criteria for a comprehensive assessment of the state's investment security are presented. The calculation and analysis of the main indicators – quantitative criteria of investment security: gross accumulation of fixed capital; the degree of accumulation of fixed capital; the ratio of the cost of newly introduced fixed assets to the volume of capital investments is carried out; the ratio of net growth of foreign direct investment to GDP; the size of the Ukrainian economy as a percentage of global GDP. The dynamics of the total volume of foreign direct investment in the Ukrainian economy in the context of world countries is analyzed. The main investor countries that ensure the receipt of the largest volumes of investment flows to the Ukrainian economy are identified. Ukraine's place in the World Bank's “Doing Business” rating over the past ten years has been demonstrated. The positive dynamics regarding Ukraine's place in the World Bank's “Doing Business” rating and the main factors that influenced such positive changes were noted. The investment climate of the state is assessed and possible measures are proposed to improve the mechanism of managing the state's investment security.

scholarly journals RANCANG BANGUN SISTEM INFORMASI PERSEDIAAN BAHAN BAKU DAN ADMINISTRASI GUDANG MAJEMUK (STUDI KASUS KAROSERI PT. XYZ MALANG)

2017 ◽  
Vol 2 (2) ◽  
pp. 146-152
Author(s):  
Denny Lukianto Kumala ◽  
Soetam Rizky Wicaksono
Keyword(s):  
Manufacturing Process ◽  
Raw Materials ◽  
Influential Factor ◽  
Raw Material ◽  
Accounting System ◽  
Accurate Calculation ◽  
Counting System ◽  
Administration System ◽  
The Difference ◽  
Production Losses

In the manufacturing process Bus and Mini Bus, a lot of the raw materials required. Raw materials are stored at many warehouses (especially on Body PT. XYZ Malang). Materials / goods are highly vulnerable to lost or stolen. The most influential factor in it is the counting system inventory / materials and administration. These changes will have an impact on the process of goods more accurate calculation based on the demand of production. Losses will have a greater likelihood of being used if the system can not address the calculation of the goods/raw materials better.And administration system that can cope with the calculation of the goods/raw materials are better here is a system that can calculate expenditures for production based on the incoming bill alone, and can calculate the receipt of goods in accordance with the letter received by the supplier. The system can also provide reports based on existing transactions during a certain period.With the inventory system and the administration is then the difference between the goods that previously occurred can be minimized and raw material inventory accounting system can work better.

Armenia's investment climate will remain harsh

2015 ◽  
Keyword(s):  
Virgin Islands ◽  
Parliamentary Election ◽  
Investment Climate ◽  
Barriers To Entry ◽  
Political Climate ◽  
Short Term ◽  
Content Type ◽  
Doing Business ◽  
Run Up ◽  
Majority Shareholder

Subject The difficulties of doing business in Armenia. Significance Covert ties to the elite, corruption and the presence of monopolies make the investment and operating climate relatively unappealing for foreign investors. British Virgin Islands-headquartered East Prospect Fund warned in mid-August that an assault on the majority shareholder of Air Armenia, Arsen Avetisyan, could jeopardise its investment. However, it later announced it would go ahead with investing 70 million dollars. The Prosecutor-General's Office says it is not instituting proceedings against the alleged attacker, businessman Ruben Hayrapetyan, who has close ties to President Serzh Sargsyan, as Avetisyan has withdrawn his complaint. Impacts In the short term, dram appreciation against the ruble will make it more expensive for Russian firms to invest in Armenia. Investors' concerns about the business and political climate may increase in the run-up to the May 2017 parliamentary election. Barriers to entry will remain high in sectors controlled by oligarchs.

scholarly journals Regional institutional environment of public-private partnership: The case study of the Ural Federal District regions. Part 1

2020 ◽  
Vol 18 (12) ◽  
pp. 2276-2296
Author(s):  
S.V. Panikarova ◽  
M.L. Kuklinov ◽  
V.V. Yugov ◽  
Ya.S. Khokhryakova
Keyword(s):  
Institutional Environment ◽  
Institutional Support ◽  
Federal District ◽  
Public Private Partnership ◽  
Investment Climate ◽  
Strategic Development ◽  
Private Partnership ◽  
Administration System ◽  
The Public

Subject. This article discusses the issues related to institutional support for public-private partnership in the regions of the Ural Federal District. Objectives. The article aims to analyze the development of the regional institutional environment of public-private partnership and find regulatory deficiency. Methods. For the study, we used a comparative analysis and the graph and tabular methods to interpret the collected data. Results. The article presents certain results of the study of the institutional framework, strategic development and planning documents, the public-private partnership administration system, and the evaluation of its institutional environment. Conclusions. The local regulatory deficiency and the need to improve the investment climate of the Ural Federal District regions and attract new participants in the partnership confirm the relevance of the identified problem research.

scholarly journals Features of Lithuania's investment policy

2020 ◽  
pp. 45-51
Author(s):  
Azat Zhumashev
Keyword(s):  
Sustainable Development ◽  
The State ◽  
Investment Policy ◽  
Investment Climate ◽  
Important Condition ◽  
Investment Activity ◽  
Foreign Investors ◽  
Doing Business ◽  
High Investment

Currently, an important condition for sustainable development of the country is high investment activity, which is carried out by conducting an effective investment policy. This paper examines the state of the investment climate in Lithuania, as well as explores the conditions for foreign investors in doing business.

scholarly journals Business Analysis and Audit of Foreign Economic Activity of the Enterprise

2021 ◽  
Vol 39 (5) ◽  
Author(s):  
Кarina Nazarova ◽  
Olga Zaremba ◽  
Mariia Nezhyva ◽  
Volodymyr Hordopolov ◽  
Viktor Harbar ◽  
...  
Keyword(s):  
Economic Activity ◽  
External Environment ◽  
Information Support ◽  
Management Tool ◽  
Accounting System ◽  
Investment Climate ◽  
Foreign Investments ◽  
Business Analysis ◽  
Methodological Principles ◽  
Information Requests

Based on the substantiation of the necessity of changes in the management system of the enterprise in order to increase Ukraine's level in international economic ratings, a comprehensive model of the transformation of theoretical and methodological principles of accounting, analysis and audit in the management of foreign economic activity was developed. An approach to the formation of the accounting, analysis and audit principles of the enterprise's foreign economic activity, which takes into account the differentiation of decisions made in the system of management of foreign economic activity, it allows using the environment of the business entity to improve the efficiency of the implementation of foreign economic transactions. The basis of the theoretical and methodological principles of audit in the part of the suggested model of the transformation of the accounting system of transactions of foreign economic activity, which consists of tasks, elements of the method and objects of accounting, which form different processes of the types of foreign economic transactions, and provides increasing of the reliability of accounting information support, as it takes into account the influence of the internal and external environment of the enterprise. The methodical principles of the audit of export and import transactions of enterprises in the part of suggestions for improvement of documentary support, formation of the value of imported goods and reflection on the analytical accounting accounts of export-import transactions with goods, which increases the efficiency and reliability of the formation of responses to information requests of the system of management of foreign economic activity, was developed. The directions of improvement of the organizational and methodical provisions of audit for foreign economic activity of enterprises are grounded, taking into account changes in the tendencies of development of foreign economic activity at the micro and macro levels. The peculiarities of application of internal and external methods of management of currency risks in the system of enterprise accounting as an effective management tool were disclosed. It is reflected as the influence of the external environment in the accounting system and forms information support for users who make decisions on planning and development of foreign economic activity of the enterprise. The stages of obtaining foreign investments in accounting were substantiated, which promotes the modification of the methodological support of audit of foreign investments as the basis for the formation and improvement of the investment climate.

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