FISCAL PARADIGM OF VALUE ADDED TAX DEVELOPMENT IN RUSSIA

This article is about one of the most important budget-forming taxes – value added tax. This tax has an obvious fiscal orientation. Its impact on economic processes is also very great. Over the past five years, VAT revenues to the budget have almost doubled. Although this is partly due to inflationary processes. Based on the analysis of the dynamics of this tax in recent years, the impact of the increase in the rate on inflation and the stability of this tax regardless of changes occurring at the macro level, specific proposals for its improvement have been developed. The author notes that an increase in the rate leads to an increase in inflationary processes in the country. In the context of the current economic situation, due to the influence of the coronavirus pandemic, the introduction of additional VAT benefits for representatives of the real sector of the economy is necessary and logical to prevent further provoking inflation. In addition, further VAT reform should take into account the rise in food prices in the country.