Regulatory and Legal Framework for Control of Value Added Tax in Agriculture
Journal Title: Oblik i finansi - Year 2018, Vol 1, Issue 2
Abstract
Value added tax is one of the main sources of revenue generation in the state budget. Besides this tax is associated with a lot of manipulation, which is carried out by the shadow sector because of imperfect regulatory and legal framework. Since January 1, 2017, a special regime for VAT taxation for Ukraine's agricultural producers has been completely abolished. In this regard, the new mechanism of taxation of Ukraine's agricultural enterprises includes a number of significant legal and regulatory aspects that require detailed explanation. The purpose of the article is to analyze the system of VAT taxation and determine the regulatory and legal framework for control of value added tax in agriculture. The general principles for determining taxpayers under the Tax Code of Ukraine were disclosed. The analysis of the mechanism introduced in 2018 to protect the interests of the state and citizens from tax frauds was carried out, its advantages and disadvantages were assessed. The algorithm for checking tax invoices / calculations of adjustments to be monitored by control bodies was disclosed. The criteria of the riskiness of the taxpayer and the operations performed by him and the taxpayer's positive history were generalized. The agrarian sector of monitoring the riskiness of operations when registering tax invoices for VAT was disclosed. It was revealed that the introduced risk control system with VAT is aimed at ensuring stable development of the economy, equal and competitive business conditions and taking measures to prevent the commission of offenses. Generalized in the article the algorithm for the control of operations on VAT taxation of agricultural enterprises can be used to the complex estimation of tax risks for the value-added tax.
Authors and Affiliations
Yuriy Hershman
Keywords
Related Articles
- EP ID EP297211
- DOI -
- Views 222
- Downloads 0
The Effect of Preventive Control and Detective Control on the Effectiveness of Budget Implementation with Accountability as a Moderating Variable
The effectiveness of internal control significantly affects the organisation's strategic and operational goals and the completeness and adequacy of accounting and reporting data. Implementing various types of internal co...
Application of Digital Marketing Tools and Methods in the Enterprise Management System
In recent decades, digitalization processes have had a significant impact on all spheres of social life and determined the need for digital transformation of marketing tools. Today, the choice of opportunities for optima...
Китайська модель обліку землекористування: уроки для України
Одним із найбільш ефективних методів розв’язання економічних проблем є вивчення зарубіжного досвіду. Метою статті є розкриття засад бухгалтерського обліку землекористування в Китаї та обґрунтування передумов впровадження...
Accounting for Beekeeping Products: Current State and Ways of Improvement
Today, thanks to the active development of beekeeping on an industrial scale, Ukraine has become one of the largest exporters of honey to the market of EU countries. In this regard, the government is working on introduci...
Strategic Controlling as Methodological Tool for Strategic Management of Expenses
Controlling is a tool for collecting, analyzing and assessing of necessary information on the status of the company. Such information is required by the managers for effective management decisions, which ultimately can r...