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Regulatory and Legal Framework for Control of Value Added Tax in Agriculture

Author

Listed:
  • Yuriy Hershman

    ('Institute of Agrarian Economics' National Scientific Centre, Kyiv, Ukraine)

Abstract

Value added tax is one of the main sources of revenue generation in the state budget. Besides this tax is associated with a lot of manipulation, which is carried out by the shadow sector because of imperfect regulatory and legal framework. Since January 1, 2017, a special regime for VAT taxation for Ukraine's agricultural producers has been completely abolished. In this regard, the new mechanism of taxation of Ukraine's agricultural enterprises includes a number of significant legal and regulatory aspects that require detailed explanation. The purpose of the article is to analyze the system of VAT taxation and determine the regulatory and legal framework for control of value added tax in agriculture. The general principles for determining taxpayers under the Tax Code of Ukraine were disclosed. The analysis of the mechanism introduced in 2018 to protect the interests of the state and citizens from tax frauds was carried out, its advantages and disadvantages were assessed. The algorithm for checking tax invoices / calculations of adjustments to be monitored by control bodies was disclosed. The criteria of the riskiness of the taxpayer and the operations performed by him and the taxpayer's positive history were generalized. The agrarian sector of monitoring the riskiness of operations when registering tax invoices for VAT was disclosed. It was revealed that the introduced risk control system with VAT is aimed at ensuring stable development of the economy, equal and competitive business conditions and taking measures to prevent the commission of offenses. Generalized in the article the algorithm for the control of operations on VAT taxation of agricultural enterprises can be used to the complex estimation of tax risks for the value-added tax.

Suggested Citation

  • Yuriy Hershman, 2018. "Regulatory and Legal Framework for Control of Value Added Tax in Agriculture," Oblik i finansi, Institute of Accounting and Finance, issue 2, pages 69-75, June.
    • Handle: RePEc:iaf:journl:y:2018:i:2:p:69-75
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    File URL: http://www.afj.org.ua/pdf/573-normativno-pravovi-zasadi-kontrolyu-operaciy-opodatkuvannya-pdv-silskogospodarskih-pidpriemstv.pdf
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    File URL: http://www.afj.org.ua/en/article/573/
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    References listed on IDEAS

    as
    1. Iryna Leshchukh, 2014. "Major Taxpayers Tax Control: Foreign Experience and Home Practice," Oblik i finansi, Institute of Accounting and Finance, issue 1, pages 82-88, March.
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    Cited by:

    1. Yuliya Ostapenko, 2021. "Management of Tax Burden on Value-Added Tax at the Enterprise Level," Oblik i finansi, Institute of Accounting and Finance, issue 1, pages 70-75, March.

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    More about this item

    Keywords

    value-added tax; VAT payer; blocking of tax invoices; criteria of riskiness; taxpayer's positive tax history; monitoring of the riskiness of operations;
    All these keywords.

    JEL classification:

    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies

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