THE PROBLEM OF CUSTOMS VALUATION OF GOODS IN THE CONTEXT OF HARMONIZATION OF ACCOUNTING AND TAXATION OF FOREIGN ECONOMIC ACTIVITY
Journal Title: The Institute of Accounting, Control, and Analysis in the Globalization Circumstances - Year 2016, Vol 4, Issue 4
Abstract
Introduction. Customs and tariff regulation of foreign activity of economic entities occupies an important place in the foreign policy of the state at the stage of development and further improvement of trade relations with Europe. In modern conditions the contents of this policy should be based on principles of social orientation and social responsibility, and should contribute to filling the state budget and protect the economic interests of domestic business. Methods. Scientific research is based on the dialectical method of cognition. The following general scientific methods are used in the article, namely, analysis, synthesis, induction and deduction. They served to identify problems of customs value of goods in relation to their carrying value. Results. The regulatory and legislative framework of the customs value in relation to the carrying amount of goods is analysed. It is determined by standards (regulations) of accounting. The common features, approaches and differences by established authors’ features are revealed in the article. The methodological problems that were and are the obstacle to successful development of foreign activity of economic entities are highlighted there. The necessity of filling the categories of the customs value of goods with the help of transparent and clear components in order to approximate with European standards is substantiated given the relationship of tax, accounting and legal customs bases. The proposed measures are related to improving the connection of balance, tax and customs valuation of goods. Discussion. Further harmonization of the accounting process and taxation of foreign economic activity is associated with the modern global and economic trends require operative decision of problems of customs value of goods. In this regard, important issues of the risk management control of customs value of goods for the purpose of developing proposals not only theoretical but also practical techniques for improving existing methods are planned to consider in the following researches.
Authors and Affiliations
Larysa Koval, Myroslav Koval
Keywords
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