scholarly journals Increase of tax for added value

2018 ◽  
pp. 31-36 ◽  
Author(s):  
A. V. Zemlyakova
Keyword(s):  
National Development ◽  
Value Added ◽  
Added Value ◽  
Tax Burden ◽  
Real Wages ◽  
Tax Rate ◽  
Goods And Services ◽  
Development Goals ◽  
The Russian Federation ◽  
The Government

The deputies of the State Duma of the Russian Federation approved in the first reading the government draft law, which makes it possible to raise the value-added tax rate from 18% to 20% from January 2019. Deputies believe that it’s time for businesses to pay for the lowered rate, which has been in effect since 2004. True, in today’s environment, an increase in VAT may slow the growth of the economy and “drop” GDP by 0.4%. The increase in the tax burden is required to fulfill the national development goals, which are defined in the “May decree”. Measures should bring in the budget 600-630 billion rubles of additional revenues per year. At the same time, the preferential rate of 10% and 0%, which is valid for a number of industries, is not planned to be changed. Thus, business related to export, the increase in VAT will not affect. The tax burden on the most important social goods and services will remain unchanged (it concerns food products, goods for children, medical services, medicines). The tax system needs to be tune-up, after which the government does not plan to make changes for six years. The VAT increase is hi to the surge in inflation – in 2019 it will exceed the Central Bank’s target of 4%. The growth of real wages will be less than 1%.

scholarly journals Impact of Implementation of Goods and Service Tax on Indian Banking Sector

2018 ◽  
pp. 18-32
Author(s):  
Revathi R. ◽  
Madhushree ◽  
P. S. Aithal
Keyword(s):  
Economic Growth ◽  
Banking Sector ◽  
Value Added ◽  
Tax System ◽  
Tax Rate ◽  
Bank Branches ◽  
Goods And Services ◽  
The Government ◽  
One Year ◽  
The Impact

The banking sector is one of the biggest and revenue generating sector in our economy. Indiais a country with impressively splendid banks with sufficient capital and well-regulated rulesand regulations. One of the biggest transformations that the sector faced during this period isGST i.e., Goods and Service Tax, a new tax regime introduced in the midnight of 1 July2017. Now the new tax regime has become one year old and there are so many changeswhich happened in the banking sector during this one-year periods. Introduction of GST tothe banking sector was one the highly risky and challenging role for the government. GST isa replacement to the Value Added Tax (VAT) which was implied on goods and services. Themain purpose of studying the impact of implementation of GST is to avoid double taxationon goods and services. It is a self-regulated tax system with a simplifies tax regime whichreduces the multiplicity of tax. The purpose of this study is to know the challenges faced bythe Banking sector and its effects on the customers after the implementation of the GST.New tax regime made an incredible step by the abolish of centralized registration of thebanks. Now all the bank branches have to register under GST in each state for the smoothfunctioning. The tax rate has created an impression in the banking sector that the sector iscontributing much toward the economic growth of the country. Tax slabs is anotherimportant and critical thing discussed in this paper which has substantially increasedcompared to the old tax regime. Data for the study have been collected from secondary datasources such as journals, internet, and news articles. Using the ABCD qualitative analysistechnique, advantages, benefits, constraints, and disadvantages for both banks and thecustomers for payment of GST are identified.

scholarly journals The World of Labour: Challenges and Opportunities

2019 ◽  
Vol 13 (3) ◽  
pp. 6-13
Author(s):  
G. L. Podvoisky
Keyword(s):  
Strategic Development ◽  
The Sustainable Development ◽  
Labour Relations ◽  
Goods And Services ◽  
Challenges And Opportunities ◽  
Development Goals ◽  
Un General Assembly ◽  
The Russian Federation ◽  
The Government ◽  
Russian Education

The article is devoted to the analysis of changes due to the influence of digitalisation in the sphere of employment and socio-labour relations. The author considered various estimates of the size of technological unemployment as a result of automation and robotisation of the production of goods and services. Also, the author presented the strategic development goals of the Russian Federation and developed by the government the national projects in 12 areas. In particular, the author analysed the project “Productivity and employment support”, which fully or partially reflect most of the Sustainable Development Goals (SDG’s) adopted at the UN General Assembly. The article presents the possible directions of the government’s activity and the main actions that will contribute to economic growth. The article emphasises the need to accelerate the adaptation of Russian education to the changes taking place in the economy, the use of new training technologies and best teaching practices, the introduction of new forms of cooperation between the state and business in the field of training and retraining of personnel.

scholarly journals HUBUNGAN ANTARA JIWA WIRAUSAHA MAHASISWA DENGAN MOTIVASI, LINGKUNGAN KELUARGA DAN PENDIDIKAN PADA POLITEKNIK LP3I JAKARTA KAMPUS CIMONE

2018 ◽  
Vol 7 (1) ◽  
pp. 82
Author(s):  
Rahayu Tri Utami
Keyword(s):  
Value Added ◽  
Added Value ◽  
Goods And Services ◽  
Innovative Process ◽  
Business Opportunities ◽  
Entrepreneurial Ability ◽  
The Government ◽  
Measuring Tool ◽  
Innovative Action ◽  
World Development

<p align="center"><strong><em>ABSTRACT</em></strong></p><p align="center"><strong><em> </em></strong></p><p><em>The more advanced a State the more people are educated, and many people are unemployed, the more it feels the importance of the entrepreneurial world. Development will be more successful if supported by entrepreneurs who can open employment because the ability of the government is very limited. The government will not be able to work on all aspects of development because it requires a lot of budget, personnel and supervision. Works and castes are only found in people who think creatively and innovative action for the creation of opportunities. The creative and innovative process usually begins with the emergence of ideas and thoughts to create something new and different. Something new and different is the added value of goods and services that become a source of excellence to be an opportunity.</em></p><p><em>Entrepreneurship is an ability to create something new and different to be an opportunity and value added in the market through the process of managing resources in new and different ways.</em></p><p><em>The sense of entrepreneurial ability is intended to know the extent to which students can be realized to be entrepreneur by looking at opportunities that exist in the environment. As the indicator factors are: Soul Entrepreneurship, Motivation, Environment, and Education. As a measuring tool in sensing the ability of students to business opportunities. The obstacle to note is that not all students can become entrepreneurs and succeed. It is necessary to have further handling to be able to find out more from the sensing.<br /> <br /> </em></p><strong><em>Keywords:</em></strong><em> Entrepreneurship, Student and Entrepreneurship.</em>

scholarly journals Updating the Approaches for Standardization of State Programs of Federal Subjects and Municipalities of the Russian Federation as a Condition for the Transition to Project Management

2020 ◽  
pp. 38-48
Author(s):  
Svetlana Lipina ◽  
Lina Bocharova ◽  
Lyubov Belyaevskaya-Plotnik ◽  
Natalya Sorokina
Keyword(s):  
Strategic Planning ◽  
Russian Federation ◽  
National Development ◽  
Heterogeneous Structure ◽  
Digital Platform ◽  
Development Goals ◽  
The Russian Federation ◽  
The Government ◽  
State Programs ◽  
Goals And Objectives

State programs of federal subjects and municipalities of the Russian Federation have a heterogeneous structure which is connected with regional and municipal legislation and which sets different requirements for the content of documents. The current order violates the integrity of the system of strategic planning documents, does not ensure the coordination of goals and objectives between the federal, regional and municipal levels of the government, which in turn does not allow for a comprehensive monitoring of implementing regional and municipal documents at the programming level, but also does not make it possible to assess the contribution of federal subjects of the Russian Federation and their municipalities to achieve national development goals. The standardization of the structure of state programs of federal subjects and municipalities of the Russian Federation will contribute to the introduction of digital technologies into the practice of state and municipal administration, which can be based on the use of cognitive technologies for the analysis of strategic planning documents. The authors formulate specific proposals and practice-oriented recommendations for unification of state programs of federal subjects and municipalities of the Russian Federation on the basis of the analysis of the federal, regional and municipal legislation establishing the requirements for the order of development and content of state programs of subjects and municipalities of the Russian Federation. The paper shows that the unified structure of state programs of federal regions, republics and municipalities can be used in developing a “constructor” of strategic planning documents, the creation of which is possible on a digital platform for the interaction of strategic planning participants. This approach will allow users of the digital platform to generate digitally various types of strategic planning documents.

scholarly journals Faktor-Faktor Untuk Meningkatkan Penerimaan Pajak Pertambahan Nilai Di Indonesia

2021 ◽  
Vol 13 (2) ◽  
pp. 130-145
Author(s):  
Setiadi Alim Lim
Keyword(s):  
Economic Crisis ◽  
Value Added ◽  
The Philippines ◽  
Tax Revenue ◽  
Value Added Tax ◽  
Economic Activities ◽  
Tax Rate ◽  
Goods And Services ◽  
Tax Revenues ◽  
The Government

In the current era of the economic crisis caused by the Covid-19 virus pandemic, the performance of tax revenues worldwide is declining. Indonesia's tax revenues in 2020 experienced a significant decline, including Value Added Tax receipts which decreased by 14.89% compared to 2019. This study shows that in the current situation there are factors that support and hinder the increase in Value Added Tax revenues. Factors that support the increase in Value Added Tax revenue include: an increase in the fiscal deficit, a decrease in imports, a longstanding Value Added Tax, and the efficiency of tax administration by the government. Meanwhile, the factors that hindered the increase in Value Added Tax revenue were: negative Gross Domestic Product growth, decreased service consumption, decreased C-Value Added Tax efficiency. To increase the value added tax revenue, it is better not to increase the Value Added Tax rate, because most countries in ASEAN use a tariff of 10% or less, except in the Philippines where the rate is 12%. If the rate of Value Added Tax is still increased, the maximum is not more than 12%, and it is temporary in nature for now and will be returned to the original rate or lower after the economic crisis era has passed. Expansion of the object of Value Added Tax can be done, among others, by reducing goods and services that are exempt from the imposition of Value Added Tax, which are facilities freed, are not collected, and are borne by the government. If there is an expansion of the object of the imposition of Value Added Tax, then it should be done very selectively and not to be counterproductive by still giving exceptions to basic necessities that are needed by the community and services that have social objectives or based on international rules are exempt from being imposed. It is also hoped that the reduction in the number of exempt goods and services will not interfere with the economic activities of the community, let alone cause unrest in the  community. 

Development of Value Added Tax in Kosovo – Comparative and Research Aspects 2006-2017

2018 ◽  
Vol 1 (3) ◽  
pp. 102
Author(s):  
Azem Duraku
Keyword(s):  
Value Added ◽  
The State ◽  
Point Of View ◽  
Added Value ◽  
Value Added Tax ◽  
Tax Rate ◽  
Economic State ◽  
The Republic ◽  
The Government ◽  
State Of Affairs

This paper aims to present the progress and effects that Value Added Tax (VAT) may have on a country's economy. The efficient fiscal policies would enable a country to develop more rapidly, however it will all depend on the situation, economic state, and the power that the Republic of Kosovo has. VAT is a tax on consumption, and if seen from the buyer's point of view, it is a tax on the purchase price; while from the seller's point of view, it is a tax on the added value of the product or service. VAT revenues comprise the main part of Kosovo's budget financing, where comparative data from 2006 to 2017 are given in this paper, showing the extent of VAT participation in the total revenues of the state of Kosovo. Due to this, the tax system including the VAT, which was established by advancing in harmony with the EU directives and regulations, but maintaining the specific features of the state of Kosovo, has recently changed. Owing to legal changes, among others, the Government of Kosovo raised the VAT tax rate from 16% to 18% in most products, while reduced the VAT from 16% to 8% mainly on basic food products, medications. The state of affairs between the states is relatively different, being influenced by many factors, making it impossible to present consistent scale-level comparisons between them.

scholarly journals PROBLEMATIC ISSUES OF THE ADDED VALUE TAX

2018 ◽  
pp. 88-93
Author(s):  
N. A. Chumakova ◽  
Zh. A. Adamyan
Keyword(s):  
Financial Regulation ◽  
Value Added ◽  
State Level ◽  
Added Value ◽  
Sales Tax ◽  
Value Added Tax ◽  
Goods And Services ◽  
The Russian Federation ◽  
Economic Failure ◽  
First Time

The reform of the budgetary and administrative spheres of legislation at the present stage is inextricably linked with the direction taken at the state level to stabilize the economy in the country, as well as to stimulate its growth. Particularly important element of this phenomenon is taxes, which represent the main source of revenues in the country’s budget and financial system. Today in the sphere of economy and financial regulation there is a question of increase of taxes. The President of the Russian Federation has already signed a law, according to which from January 1, 2019 the VAT rate increases from 18 to 20%. At the same time, the existing VAT benefits in the form of an exemption from this tax, as well as the VAT rate of 0% and 10% remain. The reform of the law on VAT (in addition to the increase of budget revenues from tax amounts) intended to eliminate the economic failure of the application of VAT and simplification of VAT administration. It should be noted that the problems arising from the improvement of indirect taxation, in this case, affecting the value added tax, are currently relevant for Russia. Starting from 1992, when VAT was introduced in Russia for the first time, to the present day, there are clashes of opinions of the warring parties about the relevance of the value added tax. The problems affect the level of rates and the procedure for calculating tax liabilities, the volume and structure of benefits, the procedure for VAT collection in the movement of goods and services between foreign partners, as well as the probability of its replacement with sales tax or the establishment of a single VAT rate. And this is not the most complete list of problems arising from the reform of the value added tax.

Analysing SST 2.0 Tax Burden through the Element of Principle of Good Tax Policy

2021 ◽  
Vol 12 (1) ◽  
pp. 113-113
Author(s):  
Nur Erma Mohamed Jamel ◽  
Nadiah Abd Hamid ◽  
Sarini Azizan ◽  
Roshayani Arshad ◽  
Rani Diana Othman ◽  
...  
Keyword(s):  
Sustainable Development ◽  
Tax Policy ◽  
Well Being ◽  
Tax Burden ◽  
The Public ◽  
Goods And Services ◽  
Regressive Tax ◽  
Development Goals ◽  
The Relationship ◽  
Economic Well Being

Since the 70s, the focus of the Malaysian government on sustainable development is to improve the economic well-being of its society. In September 2015, Malaysia reaffirmed this commitment with the other United Nations countries by implementing the 2030 Agenda for 17 Sustainable Development Goals (SDGs), focusing on the bottom 40% of households (B40). Unfortunately, the implementation of Goods and Services Tax (GST) on 1st April 2015, followed by Sales and Services Tax (SST) 2.0 on 1st September 2018 impacted all income groups especially B40. The public especially B40 claimed that indirect tax is regressive and burdensome (MIER, 2018). Hence, the present study aims to identify the existence of SST 2.0's tax burden assessing through the relationship between elements of guiding principles of good tax policy. Keywords: Sales and Service Tax, enforcement, regressive, tax burden, fairness.

A Russian approach to ensuring economic growth

2021 ◽  
Vol 20 (7) ◽  
pp. 1234-1255
Author(s):  
Valerii V. SMIRNOV
Keyword(s):  
Economic Growth ◽  
Russian Federation ◽  
Systems Approach ◽  
Consumption Expenditures ◽  
Goods And Services ◽  
Russian Economy ◽  
Public Consumption ◽  
The Russian Federation ◽  
The Government ◽  
And Cluster Analysis

Subject. The article investigates a Russian approach to ensuring economic growth. Objectives. The aim is to identify the basis of the Russian approach to ensuring economic growth. Methods. The study rests on the systems approach, using the methods of statistical, neural network, and cluster analysis. Results. The paper defines the structural importance of exports of goods and services, and changes in inventories. It highlights significant links with public consumption expenditures. The Russian approach to ensuring economic growth comes down to devaluation of the national currencyб resulting from the loss of the real inflationary potential of economic growth to maintain the volume of exports of goods and services in the context of maintaining public consumption expenditures. The increase in M2 forces the Central Bank of the Russian Federation to increase its foreign exchange reserves. This has a restraining effect on the growth of Russian Ruble’s monetary exchange rate. This phenomenon causes a drop in the Russian federal loan bond (OFZ) index and a replacement of strategic priorities with tactical ones. Conclusions. The basis of the Russian approach to ensuring economic growth is a reflection of the limits of the Russian economy development and the effectiveness of the Government of the Russian Federation.

scholarly journals Modeling of Taxation that Considers Reproduction

Ekonomika ◽  
2008 ◽  
Vol 83 ◽  
Author(s):  
Tetyana Kravets
Keyword(s):  
Production Function ◽  
National Development ◽  
Value Added ◽  
Development Model ◽  
Tax Rate ◽  
Production Growth ◽  
Actual Growth ◽  
Net Margin ◽  
Rate Optimization ◽  
Potential Level

The article considers the modifications of taxation models that define the influence of tax rate on the production growth and the minimal net margin. The aim of the article is to analyse the development of taxation models that combine total tax allocation and value added, remuneration of labour, amortization.The models generalize the introduction of figurers’, heterogeneity and the production function complication, namely the two-factor production function while considering capital and labour is used. As a result, the estimation of the production growth depending on the tax rate was established, the minimal net margin that allows simple reproduction was defined, the total tax allocation frontier was found.A tax rate optimization model that maximizes allocation to the budget was considered. Calculations for Ukrainian macroeconomic data were conducted. Statistic estimations of the model’s main macroeconomic components allow defining the potential level of the economic growth, comparing it with the actual growth, and concluding on the efficiency of the national development model.

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