scholarly journals LEGAL REGULATION OF ACCOUNTING OF VALUE ADDED TAX PAYERS

2021 ◽  
pp. 517-520
Author(s):  
V.V. Sokolov
Keyword(s):  
Value Added ◽  
Legal Regulation ◽  
Value Added Tax ◽  
Tax Payers

scholarly journals RECOGNITION AND AUDIT OF COSTS IN SIMPLIFIED TAXATION SYSTEM

2021 ◽  
Author(s):  
Valentyna Hoshovska ◽  
Viktoriia Masalitina ◽  
Svitlana Nakonechna
Keyword(s):  
Financial Reporting ◽  
Current Account ◽  
Value Added ◽  
Value Added Tax ◽  
Single Tax ◽  
Methodological Approaches ◽  
The Difference ◽  
Tax Payers ◽  
Legal Entities ◽  
The Current Account

The simplified system of taxation, accounting and reporting should be considered an effective tool to stimulate the development of small business and ensure a sufficient level of business activity in the state. The study various aspects of the organization and implementation of accounting, auditing for businesses that have chosen a simplified system of taxation, accounting and reporting is important. The purpose of the article is to deepen the methodological approaches to the recognition of costs and audit of costs in a simplified system of taxation, accounting and reporting. The article reveals the essence of the simplified system of taxation, accounting and reporting, features of its implementation and requirements for individuals -entrepreneurs and legal entities who are allowed to apply the simplified system of taxation, accounting and reporting under current legislation (August 2021). It is established that the payers of the single tax of the first, second and third groups (not the value added tax payer) do not recognize expenses and do not carry out costs accounting. The difference between the recognition of expenses by legal entities and individuals -entrepreneurs in the application of the simplified system of taxation, accounting and reporting is determined. For single tax payers of individuals -entrepreneurs (value added tax payers) the legislation defines the cash method of income recognition upon receipt of funds on the current account (cash desk), withdrawal of cash proceeds from trading machines and, accordingly, recognition of costs upon payment through the current account (cash desk) with mandatory documentary confirmation. Methodological approaches to the recognition of costs by individuals-entrepreneurs (value added tax payers) and legal entities in the application of the simplified system of taxation, accounting and reporting are in-depth. To verify the correctness of the recognition of costs in the application of a simplified system of taxation, accounting and reporting, documentation, accuracy and completeness of reflection in accounting and financial reporting (for legal entities) developed a program of audit of costs.

scholarly journals Value added tax: effectiveness and legal regulation in Ukraine and the European Union

2018 ◽  
Vol 171 (5-6) ◽  
pp. 4-14
Author(s):  
Irina Kovova ◽  
◽  
Oleksandr Malyshkin ◽  
Vlastimil Vicen ◽  
Svitlana Shulyarenko ◽  
...  
Keyword(s):  
European Union ◽  
Value Added ◽  
Legal Regulation ◽  
The European Union ◽  
Value Added Tax

scholarly journals Assessed taxation in the health care sector in Ukraine and foreign countries: comparative and legal analysis

2020 ◽  
Vol 73 (2) ◽  
pp. 374-379
Author(s):  
Vladislav I. Teremetskyi ◽  
Oleksandr M. Bandurka ◽  
Emiliia S. Dmytrenko ◽  
Nataliа I. Atamanchuk ◽  
Oleksandra O. Kochura
Keyword(s):  
Health Care ◽  
Value Added ◽  
Tax Incentives ◽  
Legal Regulation ◽  
Health Care Sector ◽  
Tax Rates ◽  
Legal Analysis ◽  
Value Added Tax ◽  
Single Tax ◽  
Foreign Countries

The authors have defined and revealed the mechanism for collecting personal income tax, value added tax, single tax relating to health care sector in Ukraine and their analogues in other countries. Special attention has been paid to the problems in this field in Ukraine and the ways of their solution have been suggested. It has been proved that the mechanism of legal regulation of assessed taxation in the health care sector in Ukraine needs to be improved. Taking into account international experience, the authors have offered to amend the Tax Code of Ukraine on: the use of tax incentives of state support (USA); progressive assessed taxation of individual income (Spain, Germany, Poland, Slovakia, etc.); value added tax rates and benefits (USA, France, Hungary) and so on.

scholarly journals Tax Payers’ Knowledge Towards Value Added Tax in Nepal

2018 ◽  
Vol 11 (1) ◽  
pp. 76-86
Author(s):  
Achyut Gnawali
Keyword(s):  
Public Awareness ◽  
Value Added ◽  
Business Community ◽  
Value Added Tax ◽  
Tax Reforms ◽  
Design Data ◽  
Tax Education ◽  
Revenue Enhancement ◽  
Awareness Programme ◽  
Tax Payers

Value added tax (VAT) has been the most essential choice as an ingredient of tax reforms of developing countries like Nepal, which leads to revenue enhancement and sustainable economic development. As VAT was a new concept in Nepal, a comprehensive taxpayer education program was launched to impart knowledge regarding the various aspects of VAT to parliamentarians, industrialists, businesspersons, consumers as well as various sections of the society. The study used descriptive and survey research design. Data were collected through questionnaires. Statistical tools were used to make a proper analysis. It is found that more than 88 percent of respondents are aware enough to ask tax invoice after purchasing goods or services. Most of them ask for tax invoice to get the authenticity of sellers. VAT must be successful and this largely depends upon the public awareness, honesty, faith and morality of tax officials and the business community. There is a need for willpower and action. It is also found that taxpayers’ awareness programme and tax education play prime role to increase the VAT revenue in Nepal.

scholarly journals Developments of VAT Rates in EU Countries in the Context of Harmonization and Fiscal Consolidation

2015 ◽  
Vol 63 (2) ◽  
pp. 487-498
Author(s):  
Alena Andrejovská ◽  
Lucia Mihóková
Keyword(s):  
Value Added ◽  
Consumption Tax ◽  
Fiscal Consolidation ◽  
Value Added Tax ◽  
Relative Autonomy ◽  
Eu Countries ◽  
Tax Harmonization ◽  
Harmonization Process ◽  
Tax Payers ◽  
The Eu

Although the value added tax is most often used tax it is a relatively young tax instrument that can assure significant increase in countries tax revenues. The advantage of VAT is that it is a consumption tax and so the tax payers take it as a natural part of the price. To assure the transparency and flexibility of relationships between EU countries, EC stresses the need of harmonizing Member States’ approaches to VAT rates and tax bases. Development of its rates refers to a relative autonomy of the states’ policies and at the same time illustrates the changes in the tax harmonization process, which enhances the need for its research. The paper analyzes the development of VAT rates in the EU since their introduction, with the emphasis on the period 2000–2012. Development is evaluated in terms of harmonization and fiscal consolidation in the crisis years. At the same time the implicit rate of value added tax is determined, which serves as a measure of tax collection success to its base.

scholarly journals On the issue of taxation under the bill №4184

2021 ◽  
pp. 198-204
Author(s):  
I.I. Bozhuk ◽  
Y.I. Anistratenko
Keyword(s):  
Positive Impact ◽  
Value Added ◽  
The State ◽  
The Internet ◽  
Web Portal ◽  
Value Added Tax ◽  
National Legislation ◽  
Electronic Form ◽  
Doing Business ◽  
Tax Payers

In today’s conditions, a useful tool for doing business is e-commerce, aimed at developing the economy of Ukraine and meeting the needs of both producers of goods (works, services) and consumers.According to the current national legislation, part of the electronic services provided by international corpora-tions on the Internet is subject to value added tax through the mechanism of delegating the obligation to declare tax liabilities to their customers if they are value added tax payers or are subjects management, even if they are not registered as value added taxpayers. The article is devoted to the study of current aspects of taxation under the bill №4184. The preconditions for the administration of value added tax in the taxation of electronic services to individuals supplied by non-residents on the Internet are analyzed by making appropriate amendments to the Tax Code of Ukraine, taking into account national legislation and foreign experience.The main changes proposed by the bill are systematized. It is noted that the bill as a whole has a positive impact on the economy and development of the state, and also draws attention to the imperfection of some pro-visions.The main changes proposed by the bill are highlighted, namely: the list of electronic services is determined; the list of non-residents is included in the list of persons registered as VAT payers; established rules for determining the place of supply of electronic services (B2C); a simplified VAT registration procedure for non-resident suppliers has been defined, which can be carried out remotely in electronic form on a specially developed web portal; released from the obligation of a non-resident to register tax invoices; provides for the payment of tax liability for a non-res-ident in foreign currency.It is noted that the adoption of the bill will provide fair tax conditions for national and international companies of non-residents that provide electronic services in Ukraine. The introduction of the rules will contribute to additional revenues from the paid tax to the budget. The bill proposes a simple mechanism for value added tax of non-residents, namely, allows you to remotely register in the electronic office of the taxpayer, as well as pay tax in foreigncurrency without a presence in Ukraine.

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