CONCEPTUAL PRINCIPLES OF FISCAL EFFICIENCY OF INDIRECT TAXATION IN UKRAINE

Abstract

The article proposes the concept of fiscal efficiency of indirect taxation, the purpose of which is to ensure growth and stabilization of fiscal significance of indirect taxes in consolidated budget revenues and GDP of Ukraine, growth of VAT fiscal efficiency indicators (productivity, effective rate, VAT budget efficiency ratio). taxes. The concept is based on the general and specific principles of indirect taxation, defines the functions, purpose, objectives and methods aimed at assessing and identifying reserves of fiscal efficiency of indirect taxation. The indicators of fiscal significance of indirect taxes in the dynamics are assessed, the level of their influence on the formation of the state budget revenues and the country’s GDP is determined. It is determined that the highest level of fiscal significance among indirect taxes in VAT, followed by excise tax and duty. The analysis revealed a slight reduction in the fiscal importance of indirect taxes, due to the crisis in the country. The structure of VAT revenues to the state budget of Ukraine is presented, the factors that influenced the non-fulfillment of planned VAT revenues are identified. Thus, inaccurate forecast of inflation and exchange rates, reduced imports of goods, reduced sales of tobacco products, the effect of anti-crisis measures on Covid-19, reduced consumer demand, closing borders, the situation on the world and national markets and more. The method of calculation is given and the indicators of fiscal efficiency of VAT are estimated, the downward trend of the indicator of productivity of VAT, effective rate and coefficient of budgetary efficiency of VAT is defined. It is determined that VAT revenues have the potential for growth, as there is a significant gap between the effective and regulatory VAT rate.