System of vat administration in Ukraine: current situation and future development

Abstract

The article reveals the state of the administration of value added tax (VAT) in modern terms. It is defined the main instrument of state regulation of the market economy. The article highlightes the indirect tax such as VAT like one of the progressive form of universal excise tax. The article outlines value added tax as a main source of income in the total state budget. The article clearly showes the proportion of VAT in Ukrainian revenue structure. It is exposed essence of the concept of VAT. It is defined effect of indirect taxes on economic processes in the country.The article highlights features of VAT and the basic principles accoding to which effective functioning of the tax can exist. It is analyzed some aspects of the administration of VAT, which have negative impact on economic development. The article indicates VAT rates and the sphere of their application in accordance with the Tax code of Ukraine. The article cites the main provisions of the Tax Code of Ukraine, in the aspect of a dispute and complicated situations. The article outlines main problems related to VAT, in part of the registration of the tax invoices in the single register of tax invoices and the system of VAT refunds. It is isolated features of registration of tax invoices by large and medium enterprises. As part of the VAT refund it is identified causes doubt on its application.It is listed factors affecting on the importance and wide application of the tax (VAT). In order to improve considered effective directions of tax for different economic categories to improve the functioning of the VAT mechanism In the article are defined ways of effective development of VAT.

Keywords

• податок на додану вартість
• механізм відшкодування ПДВ
• прямі та непрямі податки
• обов'язкові платежі