Abstract
The paper presents an analysis of viewpoints in the debate concerning tax harmonization in integration unions and the results achieved in the Eurasian integration process, focusing on the specifics of taxation in the EAEU member states. The findings have led the author to conclude that there are considerable differences in taxation approaches and the rates of major budget-forming taxes and excises in the EAEU countries and non-tariff barriers still exist in product and services markets, which is an obstacle for mutual trade and access of excisable goods to the markets of union states. Measures to refine taxation systems are identified with a view to expanding budget revenues and ensuring the competitiveness and financial stability of the EAEU member states. Such measures include the establishment of a unified identification system for foreign trade operators (UISFTO), enhancement of electronic services, automation of information exchange between tax and customs authorities and implementation of new tax administration mechanisms in digital trade.
Highlights
The Eurasian Economic Union (EAEU) was established, in part, as a response to the economic and political influence of the European Union and other countries
Apart from the primary goals, such as facilitating conditions for stable development of the economies of the member states with a view to improving living standards for local populations and proceeding toward the establishment a single market in goods, services, capital and labor resources within the EAEU, another major objective of the Union is the development of a common tax area
The conducted research confirmed the assumption that tax harmonization should be viewed as a crucial stage of the integration process, intended to bring down barriers and create equal competitive conditions in mutual trade for economic entities in the EAEU member states
Summary
The Eurasian Economic Union (EAEU) was established, in part, as a response to the economic and political influence of the European Union and other countries. The EAEU's key objectives are to raise the competitiveness and cooperation between the member states and to promote stable development in order to raise the living standards of the member states. The EAEU provides for free movement of goods, services, capital and labor between the states and envisages coordinated and harmonized common policy in macroeconomics, transport, manufacturing and agriculture, energy, foreign trade and investment, customs, technical regulation, competition and antitrust regulation. Apart from the primary goals, such as facilitating conditions for stable development of the economies of the member states with a view to improving living standards for local populations and proceeding toward the establishment a single market in goods, services, capital and labor resources within the EAEU, another major objective of the Union is the development of a common tax area. The countries' emerging objectives are the refinement of tax administration mechanisms, elimination of disproportions and establishment of equal economic conditions in personal income taxation
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