scholarly journals ROLE OF TAX RECEIPTS IN THE FORMATION OF BUDGET REVENUES

2019 ◽  
pp. 139-149
Author(s):  
Serhii YUSHKO
Keyword(s):  
Dynamic Analysis ◽  
Decisive Role ◽  
State Budget ◽  
Tax Revenues ◽  
Tax Legislation ◽  
State And Local ◽  
Business Entities ◽  
Legislative Changes ◽  
Tax Payments

Introduction. Clarification of the role of tax receipts in the formation of budget revenues, the dynamic analysis of their absolute and relative values both for the consolidated budget and for the levels of the budget system in the context of constant adjustment of budget and tax legislation becomes relevant and timely, which requires a return to the consideration of this issue. Purpose of the paper is to deepen the theoretical and practical foundations of the nature, composition and structure of tax receipts, their role in filling budgets of different levels. Results. The article demonstrates the inconsistency of the norms of budget and tax legislation that took place before 2011 in the context of determining the composition of tax payments. It is explained the need for preliminary adjustment of the reporting indicators of the treasury before conducting a dynamic analysis of budget revenues. The decisive role of tax revenues in the formation of budget revenues is shown, the dynamics of their actual and real values is presented, the list of budget-forming taxes and fees of consolidated, state and local budgets is named. The role of local taxes and fees in generating revenue for local government budgets is determined. The nature and results of legislative changes in the composition of taxes and fees for the period 2010–2019 are explained. The proportions of differentiation of taxes and fees between budgets are determined and demonstrated, it is shown that the processes of decentralization of funds mainly occur at the level of local budgets, the share of tax revenues of the state budget in the country’s consolidated budget remains stably high. The change in the proportions of the distribution of tax revenues between budgets within the framework of the consolidated budget as a result of the begun practice of forming united territorial communities is demonstrated. Conclusions. A further increase in the importance of tax receipts in budgeting at all levels should be directed towards improving the economic conditions of business entities and their employees, multiplying their income and profits as a real source of funds for filling budgets, rather than being the result of formal changes budget and tax laws.

Effectiveness of Tax Policy of Ukraine: Evidence and Economy Implications

2020 ◽  
pp. 124-131
Author(s):  
Olena P. Slavkova ◽  
Oksana I Zhilinska ◽  
Maksym Palienko
Keyword(s):  
Economic Development ◽  
Tax Evasion ◽  
Tax Policy ◽  
The State ◽  
State Budget ◽  
Advantages And Disadvantages ◽  
State Tax ◽  
State And Local ◽  
Tax Payments

The article deals with the peculiarities of the formation and implementation of tax policy in the country. The analysis of change of tax receipts to the state and local budgets is carried out. The role of tax payments in the economic development of the country is determined. The efficiency of the state tax policy in Ukraine is analyzed, its advantages and disadvantages are determined. The important role of tax payments in stimulating economic and social development is substantiated. The analysis of the elasticity of change of indicators of economic development of the country from the change of volume of tax receipts to the budget is carried out. The necessity of improving the existing policy of establishing, accrual, payment, and distribution of tax revenues as one of the most promising areas to stimulate economic growth is concluded. Keywords: tax policy, revenues, tax evasion, state budget, elasticity, economic development

FISCAL ROLE OF EXCISE TAX ON EXCISE GOODS MANUFACTURED IN UKRAINE IN CONDITIONS OF CONSTANT CHANGES IN TAX LEGISLATION AND PANDEMIC COVID-19

2017 ◽  
Author(s):  
Natalia Rudenko ◽  
◽  
Tatiana Tuchak ◽  
Keyword(s):  
European Integration ◽  
Economic Crisis ◽  
The State ◽  
Excise Tax ◽  
Tax Revenues ◽  
Tax Legislation ◽  
Economic Stagnation ◽  
Legislative Framework ◽  
Main Factors

The article analyzes the fiscal role of the excise tax on excisable goods (products) produced in Ukraine in the context of permanent changes in the tax legislative framework and within the framework of the global crisis through the coronavirus disease COVID-19. The concept of excise tax has been substantiated, a list of excisable products (goods) has been provided in accordance with legislative acts, the payers of this tax have been specified. The most important events and transactions that influenced the amount of tax revenues from excise tax are investigated. The authors believe that the main reason for the changes in the administration process and the receipt of the excise tax are the European integration transformations and the conditions of the global socio-economic crisis. Based on the difficult economic situation in the state, some legislative acts regulating the collection of excise tax from excisable products produced in the country were considered. It was revealed that a moratorium on the payment of excise tax was imposed on the territory of the studied state for a certain period. This event made its own adjustments to the proceeds from the payment of excise tax on excisable products (goods) produced domestically, and also allowed domestic producers to move from the place of economic stagnation. In Ukraine, they began to actively manufacture and sell antiseptic and disinfectants of their own production to protect citizens. According to the data of the State Treasury Service of Ukraine, the authors analyzed the indicators of tax revenues for each type of excisable products (goods) of domestic production. It was revealed from which products more tax was received during the study period. The main factors that influenced the receipts of excise tax from excisable goods produced on the territory of Ukraine in the period of 2019, as well as for 9 months of 2020, have been determined.

scholarly journals Information and analytical review of tax revenues from import operations

2020 ◽  
Vol 66 (5) ◽  
pp. 120-130
Author(s):  
A. Khomutenko ◽  
V. Khomutenko ◽  
V. Drachenko
Keyword(s):  
Tax Evasion ◽  
Reduction Factor ◽  
Domestic Market ◽  
State Budget ◽  
Excise Duty ◽  
Tax Revenues ◽  
Factors Influencing ◽  
Analytical Review ◽  
Investment Goods

The importance of tax regulation of foreign economic activity is analyzed in this paper. The dynamics and structure of tax revenues to the State Budget of Ukraine are analyzed as well. Comparative analysis of VAT revenues from goods (works, services) produced in Ukraine and imported into its customs territory is carried out. The relationship between imports and VAT receipts of and excise duty on imported goods is determined. The dynamics and structure of excise duty revenues and import duties are investigated. The factors influencing the change of indicators of tax revenues from import operations are determined. Fiscal efficiency and taxes elasticity coefficient levied on imports are calculated. The regulatory role of special duties types (compensatory, special, anti-dumping), which are collected in order to protect the national producer and consumer is proved. Monitoring of additional customs receipts is carried out as a result of customs value correction by customs authorities. The preconditions and factors influencing the change in the volume of taxes on import transactions are identified. The necessity of improving the mechanism of collecting taxes on import operations is substantiated. It is proposed to reduce VAT rates, which depend on goods saturation in domestic market. Proposal to introduce the reduction factor to the duty rates used in order to stimulate critical and socially significant imports, as well as to investment goods imported into the customs territory of Ukraine is put forward. It seems that the tax policy in terms of import operations should be aimed at ensuring the rational commodity and geographical structure of imports, promoting domestic products competitiveness strengthening and protection domestic market and domestic producers. It is proposed to improve the mechanism of tax administration, which primarily involves focusing on working with dishonest taxpayers, exposing tax evasion schemes, providing appropriate tax collection services to honest taxpayers.

scholarly journals Some issues of improving tax policy and tax legislation in the Republic of Kazakhstan

2021 ◽  
pp. 209-212
Author(s):  
A. B. Sadvokassov
Keyword(s):  
Tax Policy ◽  
Economic Diversification ◽  
State Budget ◽  
Tax Base ◽  
Tax Revenues ◽  
Tax Legislation ◽  
Legal Literacy ◽  
Oil Sector ◽  
The Republic

The article emphasizes that the tax system of Kazakhstan continues to be the main source of revenue to the state budget. Over the past few years, the growth of the economy and favorable prices for the main export goods have provided an increase in tax revenues to the country's budget. In absolute terms, tax revenues increased by 1 trillion tenge annually. However, the share of tax revenues relative to GDP continues to remain at a fairly low level, which indicates that there is a reserve for finding additional sources of income for the budget and expanding the tax base. There is a dependence of the budget on the oil sector: 80% of taxes come from mining companies. Other nonoil sectors of the economy pay only 20% of taxes. In this regard, it is necessary, in our opinion, to pursue a policy of economic diversification, including the improvement of tax policy and tax legislation. This can be achieved by constantly monitoring the indicators of tax policy, together with tax revenues, and adjusting them, improving tax legislation and the quality of tax administration, and improving the legal literacy of the population.

scholarly journals Management of Tax Burden on Value-Added Tax at the Enterprise Level

2021 ◽  
pp. 70-75
Author(s):  
Yuliya Ostapenko ◽  
Keyword(s):  
Value Added ◽  
Tax Burden ◽  
Business Growth ◽  
Value Added Tax ◽  
Tax Legislation ◽  
Enterprise Level ◽  
Modern Economic ◽  
Business Entities ◽  
Tax Payments ◽  
Entrepreneurial Activities

Modern economic conditions in Ukraine are characterized by an excessive level of tax burden on business and the instability of tax legislation, which hinders the development of entrepreneurial activities of business entities. Therefore, one of the main factors of business growth is the creation of an effective and flexible mechanism for optimizing the tax burden at the enterprise level. The purpose of the article is to systematize the existing methods of management of tax burden on value-added tax at the enterprise Level, as well as to substantiate possible ways to optimize tax payments for VAT. The features of the formation of the tax burden on the activities of business entities were disclosed in the context of reforming the tax system of Ukraine. For the purpose of effective management of the value added tax burden at the enterprise, it was proposed: to organize a system of constant monitoring of the balance of funds on the electronic account, which is open for each VAT payer, in the electronic VAT administration system; to organize a control system under contracts for the receipt of commodity values (services); to establish partnerships with contractors-suppliers and buyers. In addition, to reduce the tax burden on VAT in the activities of business entities, the following measures have been proposed: to develop a calendar-schedule of payments and purchases; to coordinate advance payments and purchases with suppliers; to draw up a plan-calendar for registering your own tax invoices (tax liability) and received from the supplier (tax credit); to establish contractual relations with contractors-suppliers from the conditions of payment and registration of tax invoices stipulated in the contract.

scholarly journals Role of National Taxes and Fees in the System of Mandatory Payments

2020 ◽  
Vol 91 (4) ◽  
pp. 140-146
Author(s):  
O. V Pabat
Keyword(s):  
The State ◽  
State Budget ◽  
National Interests ◽  
Production And Consumption ◽  
Business Entities ◽  
National Tax ◽  
Regional Budgets ◽  
The Relationship ◽  
Different Levels

The provisions of the Tax Code of Ukraine, which determine the national taxes and fees within the system of mandatory payments, have been studied. It has been determined that the main purpose of national taxes and fees is the formation and saturation of the State budget’s revenues. The influence of national taxes and fees on the regulation of production and consumption has been clarified. It has been stated that national taxes and fees have a general impact on each person, obliging him or her to pay taxes established by the Tax Code. It has been determined that the studied taxes and fees are a lever for regulating and preventing negative tendencies in the economy and are the part of the mechanism that ensures the relationship between national interests and the interests of local business entities. The role of national taxes and fees within the system of mandatory payments as a source of revenues of the State budget (given their stability) also determines the policy of formation of all other types of revenues. The role of national taxes and fees in the formation of local budgets in Ukraine has been analyzed, namely such instruments of budget regulation as interest deductions from national taxes and revenues, budget transfers (budget subsidies, subsidies and subventions, withdrawals to the State Budget of Ukraine, intergovernmental settlements) and budget loans. It has been offered that the share of national taxes, which should be fixed in local budgets, is defined in proportion to the amount of the relevant national tax collected in a particular community. An important criterion for the VAT distribution between centeral and regional budgets should be the population of the region. It has been noted that national taxes are distributed between different levels of the budget system in accordance with the norms of deductions.

scholarly journals FORMATION OF ACCOUNTING POLICIES IN TERMS OF PAYMENTS FOR TAX PAYMENTS

2021 ◽  
Author(s):  
Oksana Butkevich ◽  
Keyword(s):  
Theoretical Basis ◽  
Essential Element ◽  
Theory Theory ◽  
Regulatory Documents ◽  
Tax Legislation ◽  
General Scientific ◽  
Methodological Approaches ◽  
Business Entities ◽  
Rational Organization ◽  
Tax Payments

The article investigated the issue of the formation of accounting policies in terms of payments for tax payments. The solution of the tasks set out in the article is carried out with the help of general scientific research methods, namely: analysis, systematization and generalization. The methodological and theoretical basis of the study served as the position of economic theory, theory of management, ideas and provisions set forth in the state regulatory documents of Ukraine on accounting of settlements with the budget for tax payments. Calculations for tax payments are always the focus of scientists and practitioners. This is due to the fact that in modern conditions there are permanent changes in tax legislation, there is a sufficiently high tax pressure, increases the number of violations in the field of payment of tax payments, etc. Calculations for tax payments are directly related to the formation of accounting policies. The development and approval of accounting policies is a responsible and essential element of the organization of accounting at the enterprise. However, the vast majority of business entities, regardless of ownership, do not pay the necessary attention to the issues of its formation. The effective and rational organization of accounting for calculations for tax payments provides for the choice of the optimal system of taxation, methodological methods, methods and procedures of organization and accounting for calculations for tax payments. Therefore, enterprises are expedient to form a separate section to the order of accounting policies “Organization of accounting of settlements with the budget for tax payments”. The article presents an indicative structure of this section. When forming an order on accounting policies within the section “Organization of accounting for calculations with the budget for tax payments” is expedient to apply organizational and methodological approaches in accordance with accounting and tax legislation. It is noted that the accounting policies of the enterprise in terms of calculations with the budget for tax payments is a prerequisite for improving the tax discipline of the enterprise, which in turn avoids fines and other types of financial sanctions.

scholarly journals PROPOZYCJE ZAŁOŻEŃ DO SYSTEMU SŁUŻB KONSERWATORSKICH – STANOWISKO WOJEWÓDZKICH KONSERWATORÓW ZABYTKÓW

2016 ◽  
pp. 7-13
Author(s):  
Barbara Bielinis-Kopeć
Keyword(s):  
Local Government ◽  
Historic Preservation ◽  
Protection System ◽  
National Heritage ◽  
Depth Analysis ◽  
Historic Monuments ◽  
State And Local ◽  
Legislative Changes ◽  
Social Importance

Regional Historic Preservation Officers are of the opinion that monument protection system in Poland needs to be modified. According to them, however, these changes need to be preceded by in-depth analysis of the existing situation, e.g. the condition in which historic monuments and sites are preserved in Poland, the sources of financing works carried out to monuments and sites, the role that historic preservation offices play in administration combined with regional governors, and the current financial and HR situation in specific government bodies.Changes made to the monument protection system should result in improving the conservational state of historic monuments and sites as well as improving functioning of historic preservation service in competence-, organisation-, and finance-related aspects. Furthermore, as a consequence, local government bodies and the society should become more aware of their responsibilities pertaining to historic monuments and sites. The role of local government historic preservation service should be also taken into consideration.According to Regional Historic Preservation Officers, the changes should be aimed at the following: strengthening the office of General Historic Preservation Officer who will shape historic preservation policy in Poland and coordinate actions taken by state and local historic preservation service; subordinating Regional Historic Preservation Officers directly to the General Historic Preservation Officer (within structures of the Ministry of Culture and National Heritage); improve the organisational and financial situation in Regional Historic Preservation Offices and adapt it to their needs; developing a model of local government historic preservation service in terms of their competences, organisational structure, and subordinance (control- and merit-related) to Regional Historic Preservation Officers. It is necessary to make legislative changes to the monument protection law not only by issuing clear, uniform, and adoptable regulations but also by correlating regulations pertaining to protection of historic monuments and sites with other existing acts of law. It is also essential to perform comprehensive analysis of the list of Polish monuments and sites (register and record of historic monuments and sites) as well as develop and implement a financial support system for taking care of historic monuments and sites and include properties owned by the state treasury into this system. It must be also emphasised that there is a strong need for increasing social importance of guardianship of monuments and sites and making the society aware of limitations and benefits pertaining to monument protection.

Role of direct and indirect taxes when forming incomes of the State Budget of Ukraine

2019 ◽  
pp. 104-114
Author(s):  
Kostyantyn Zakhozhay ◽  
Olena Zham
Keyword(s):  
State Regulation ◽  
The State ◽  
Structure Identification ◽  
State Budget ◽  
Economic Relations ◽  
Tax Revenues ◽  
Indirect Taxes ◽  
Financing Costs ◽  
Analysis Of Dynamics

The subject of the research is a set of economic relations arising in the process of filling the revenue part of the State Budget of Ukraine with the help of direct and indirect taxes. The purpose of writing this article is to study the role of direct and indirect taxes in the formation of incomes of the State Budget of Ukraine, assessment of their dynamics, structure, identification of problems and ways to solve them. Since tax revenues constitute the bulk of budget revenues, taking the largest share in their structure, they affect the socio-economic development of the state and also one of the instruments of state regulation of the economy. Methodology. Analysis of dynamics (determine changes in direct and indirect taxes over time); structure analysis (determine the share of direct and indirect taxes in income of the State budget of Ukraine); monographic analysis (when studying problems of tax mobilization and identifying ways to improve the efficiency of their fiscal potential); economic analysis (in assessing the formation and distribution of tax revenues). The scientific novelty problems of formation of the revenue part of the State budget of Ukraine are identified, ways of increasing the fiscal potential of tax revenues are proposed and on this basis achieving economic and social stability and an adequate standard of living for the population, conditions that enhance role of direct and indirect taxes in incomes of the State budget of Ukraine are indicated. Conclusions. For the successful development of the Ukrainian economy, it is necessary to strengthen system of tax collection and demonstrate to the society in positive results of financing expenses through tax revenues. This can positively affect increase in the share of direct taxes, a certain extent, will make Ukraine more interesting for investors and restructuring budget revenues and, as a result, management flexibility in financing costs, which will allow surplus in the next budgets, and the result public debt and budget deficit.

scholarly journals The Ecosystem of VAT Administration in E-Commerce: Case of the Eastern Europe Countries

2021 ◽  
Vol 39 (5) ◽  
Author(s):  
Alla Abramova ◽  
Kostiantyn Shaposhnykov ◽  
Artur Zhavoronok ◽  
Pavlo Liutikov ◽  
Illia Skvirskyi ◽  
...  
Keyword(s):  
Eastern Europe ◽  
Scientific Literature ◽  
Economic Systems ◽  
Tax Revenues ◽  
Tax Legislation ◽  
National Economic ◽  
Efficiency And Effectiveness ◽  
Tax Payments ◽  
The Relationship ◽  
The Eu

Quarantine economic conditions put forward new demands to tax administration’s efficiency as a priority source of the EU financial resources. The relationship between fair, efficient, sustainable taxation and budget revenues’ adequacy to finance social and economic investment, innovation, and development needs is evident. Therefore, ensuring tax administration’s efficiency and effectiveness in any EU country is of theoretical and practical importance.The study aims to deepen the VAT administration’s theoretical and applied provisions in e-commerce operations in a global convergence of the national economic systems. The analysis of the state and forecast of the VAT mobilization in the EU countries’ e-commerce operations are presented. The research’s specific is to assess the VAT tax base’s future size in the context of changes in the EU tax legislation. According to the scientific literature analysis, in forecasting the studied tax, it is advisable to use econometric forecasting methods based on time series models.As the result of the study, the forecast volumes of the VAT base of Eastern Europe and the amount of approximate future tax revenues are presented. The obtained results confirm the relationship between the growth of e-commerce and VAT tax revenues under such transactions. It led to the presentation of the author’s vision of the VAT administration ecosystem for e-commerce transactions and the allocation of its functional entities.The directions on achieving the VAT mobilization’s maximum volumes following the EU tax legislation requirements in European integration and globalization were substantiated. The submitted conclusions are entitled to be used in tax administration processes to forecast other tax payments.

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