INDIRECT TAXES AND THEIR IMPACT ON THE FORMATION OF BUDGET REVENUES

Abstract

The article is devoted to the study of the trends of indirect taxes, which are a significant component of tax revenues to the state budget and play a leading role as a tax instrument for regulating the interests of the state and business in the context of the development of the national economy. In the process of research, the distinguishing features of indirect taxes regarding their role and place in the process of budget revenue formation, in particular, value added tax in comparison with excise tax and customs duty, and the main problems of their management in the system of national economy are identified. Based on the analysis of indirect tax revenues to the state budget, the main factors influencing the implementation of budget indicators for the last three years are identified, which allowed to justify the need to amend the tax and customs legislation of Ukraine, as well as the implementation of international standards and further modernisation of indirect taxation in terms of ensuring the completeness of calculation and timely payment of indirect taxes, stability and predictability of state budget revenues. Separate areas of improvement of indirect taxation have been identified, including: further amendments to the Tax Code of Ukraine on the issue of VAT and excise tax, changes regarding the restoration of tax obligations of taxpayers who have the opportunity to fulfill their tax obligations, the Customs Code of Ukraine on matters of customs clearance, etc., which should contribute to the positive fulfillment of obligations by taxpayers, the projected receipt of all payments to the budget. The need for the implementation of international standards in the field of taxes, the further modernization of indirect taxation in terms of ensuring the completeness of the assessment and timely payment of indirect taxes, the stability and predictability of revenues to the state budget, the search for optimal tax collection mechanisms, the achievement of balanced business development, the protection of the interests of the state, and the preservation of workers is substantiated. places and ensuring the stability of budget revenues through the prism of improving the national legal framework of indirect taxation.