Problem aspects of VAT refunds at the current stage
Title: |
Problem aspects of VAT refunds at the current stage |
Authors: |
Ponomaryova, Vlada |
Affiliation: |
Odessa National Economic University 26 Pushkinska str., 65014, Odessa, Ukraine |
Bibliographic description (International):
|
Ponomaryova, V. & Artyukh, O. (2022) Problem aspects of VAT refunds at the current stage. Socio-Economic Problems and the State (electronic journal), Vol. 27, no. 2, pp. 153- 160. URL: http://sepd.tntu.edu.ua/images/stories/pdf/2022/22pvsnse.pdf |
Issue: |
2(27) |
Issue Date: |
Dec-2022 |
Submitted date:
|
Nov-2022 |
Date of entry: |
4-Jan-2023 |
Publisher: |
Ternopil Ivan Puluj National Technical University |
Country (code):
|
UA |
Place of the edition/event: |
Ternopil |
ORCID Id: |
https://orcid.org/0000-0003-3172-4872 |
DOI: UDC: |
https://doi.org/10.33108/sepd2022.nom2.153
336.22 |
JEL: |
E62 |
Keywords: |
value added tax |
Number of pages: |
8 |
Page range: |
153-160 |
Start page: |
153 |
End page: |
160 |
Abstract: |
In order to determine the problematic aspects of VAT refund at the current stage, it is proved in the article that VAT is a budget-forming tax in the system of Ukraine’s state finance, which significantly affects the financial and economic activity of economic entities. Therefore, an important aspect of the research within the scope of this publication is the determination of the essence of the VAT refund; outlining its features in the domestic taxation system; identification of problematic aspects of the VAT refund, including the one during the martial law period in the country; search for ways to improve tax administration in terms of the VAT refund. In order to solve the tasks, the normative requirements for reimbursement of VAT from the budget in the relevant directions are considered in the article; the total volume of budgetary VAT refunds in Ukraine in the dynamics of years, the specific weight of refunds in certain regions of Ukraine, the amounts of declared VAT refunds that were rejected as a result of tax control and the reasons for such deviations are analyzed. When verifying the correctness of the VAT refunds, the problematic aspects faced by the control authorities are identified, and the operations of taxpayers that lead to improper VAT refunds due to unjustified overestimation of the VAT tax credit (for example, when making fictitious exports, importing goods at reduced prices, when creating fictitious enterprises, etc.). At the same time, it is noted that due to the introduction of a more transparent VAT refund mechanism using the Register of applications for the refund of the budgetary VAT refund, the administration of this tax has improved, which contributed to the reduction of corruption and the creation of equal conditions for all VAT payers. For improving the VAT refund mechanism, it is proposed to develop a set of measures in the tax administration system aimed at strengthening control over the legality of VAT refund applications based on documentary confirmation of VAT amounts. It is stated that at the same time it is worth taking into account the legislative innovations regarding VAT administration and constantly studying the dynamics of tax changes during martial law. |
Sponsorship: |
The authors received no direct funding for this research. |
URI: |
http://elartu.tntu.edu.ua/handle/lib/40064 |
ISSN: |
2223-3822 |
Copyright owner: |
Socio-Economic Problems and the State |
URL for reference material: |
http://sepd.tntu.edu.ua/images/stories/pdf/2022/22pvsnse.pdf |
References (International): |
1. Podatkovyi kodeks Ukrainy: Kodeks Ukrainy vid 02.12.2010 r. № 2755-VI (iz zminamy ta dopovnenniamy) / Verkhovna Rada Ukrainy. Vidomosti Verkhovnoi Rady Ukrainy. 2011, № 13-14, № 15-16, № 17. URL: https://zakon.rada.gov.ua/ (accessed 28 November 2022). |
Content type: |
Article |
Appears in Collections: |
Scientific Journal "Socio-Economic Problems and the State", Vol.27, No.2 |