The Role of Indirect Taxes in the Process of Filling the State Budget

Mrachkovska Nadiia Kostiantynivna; Shevchenko Nataliia Yuriivna

doi:doi:10.11648/j.ijefm.20200806.12

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The Role of Indirect Taxes in the Process of Filling the State Budget

Mrachkovska Nadiia Kostiantynivna, Shevchenko Nataliia Yuriivna

Published in International Journal of Economics, Finance and Management Sciences (Volume 8, Issue 6)

Received: 14 October 2020 Accepted: 11 November 2020 Published: 27 November 2020

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Abstract

The process of the state budget revenues formation is accompanied by economic relations which are based on the withdrawal of a share of economic entities revenues in the form of direct and indirect taxes to the centralized fund for financial resources. The priorities of the state in fiscal policy and the level of economic development of society are determined through the level of the balance between revenues from direct and indirect taxes to the budget. The state has a significant impact on socio-economic growth, regulates macro- and microeconomic processes through taxes. Ukraine is currently at a rather complicated political and economic stage of development, which is accompanied by the tasks of sufficient and prompt filling the state budget to perform socio-economic functions. Indirect taxes occupy an important place in this process. They have the vast majority in the structure of tax revenues, that’s why the issue of studying its impact on the formation of the revenue side of the state budget and stimulating the economy is relevant. The article considers the issues of filling Ukraine's Budget through indirect taxes. The role of indirect taxes in the formation of budget revenues and its importance as a tool for state regulation of economic processes in society is proved. The directions to improve filling the budget through indirect taxes are determined.

Published in	International Journal of Economics, Finance and Management Sciences (Volume 8, Issue 6) This article belongs to the Special Issue Taxation of Foreign Economic Operations with Agricultural Products
DOI	10.11648/j.ijefm.20200806.12
Page(s)	219-223
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2020. Published by Science Publishing Group

Keywords

State Budget, Tax Revenues, Indirect Taxes, Value-Added Tax, Excise Duty, Customs Duty

References

[1]	Ministry of Finance of Ukraine. (2020). Retrieved from https://www.minfin.gov.ua.
[2]	Tax Code of Ukraine: Amendments to the Law of Ukraine of 11/23/2018. № 2628. § VIII. (2018). Retrieved from https://zakon.rada.gov.ua/laws/show/2755-17.
[3]	Galkina, K. R. (2014). Priami i nepriami podatky. Yikh vplyv na rozvytok ekonomiky [Direct and indirect taxes. Their impact on economic development], Proceedings of the All-Ukrainian student conference “Financial infrastructure: formation, development and transformation in the context of globalization processes”. Kyiv: KNEU. Retrieved from https://core.ac.uk/reader/197232340.
[4]	Ukrainian truth. (2020). Retrieved from https://www. althoughda.com.ua/rus/publications/2020/02/20/657213/.
[5]	Kmit, V. M., & Voloshchuk, O. H. (2017). Napriamy udoskonalennia systemy nepriamoho opodatkuvannia v Ukraini [Directions for improving the system of indirect taxation in Ukraine]. Economy and Society, 13, 1124–1128.
[6]	Annual report on the implementation of the State Budget of Ukraine for 2019. (2020). Retrieved from https://www.treasury.gov.ua/ua/file-storage/richnij-zvit-pro-vikonannya-derzhavnogo-byudzhetu-ukrayini-za-2019-rik.
[7]	Vasylchuk, V. V. (2018). Vtraty biudzhetu Ukrainy vnaslidok zlovzhyvan iz PDV [Losses of the budget of Ukraine due to VAT abuses]. Scientific notes of V. I. Vernadsky Taurida National University. Series: Economics and Management, 29 (68 (1)), 83–90.
[8]	State Tax Service of Ukraine. (2020). Retrieved from https://tax.gov.ua/.
[9]	State Customs Service of Ukraine. (2020). Retrieved from https://customs.gov.ua/.
[10]	Shevchenko, N., & Shulga, I. (2019). Review on Status and Trends in Taxation of Foreign Economic Operations in Ukraine. International Journal of Economics, Finance and Management Sciences, 7 (4), 103–106.
[11]	Shevchenko, N., & Lemishko, O. (2019). Review on Volumes of Foreign Economic Operations with Agricultural Products. International Journal of Economics, Finance and Management Sciences, 7 (6), 222–226.
[12]	Shevchenko, N. Yu. (2015). Osnovni chynnyky vplyvu na podatkovi nadkhodzhennia vid zovnishnoekonomichnykh operatsii z produktsiieiu ahropromyslovoho vyrobnytstva [The main factors influencing tax revenues from foreign economic operations with products of agro-industrial production]. Scientific reports of NULES of Ukraine, 231, 111–116.
[13]	Shevchenko, N. (2020). Analysis of Trends in Taxation and Foreign Economic Operations with Cereal Products in Ukraine. International Journal of Economics, Finance and Management Sciences, 8 (5), 188–193.
[14]	Ukrainian Agribusiness Club. (2018). The main indicators of foreign trade in Ukraine. Retrieved from http://ucab.ua/ua/doing_agribusiness/zovnishni_rinki/osnovni_pokazniki_zovnishnoi_torgivli_ukraini.
[15]	Statistics, Economics, Politics, Persons. (2019). Rysky vneshnei torhovly Ukrayni [Risks of Ukraine’s Foreign Trade]. Retrieved from https://zet.in.ua/statistika-2/eksport-import/riski-vneshnej-torgovli-ukrainy/.

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APA Style

Mrachkovska Nadiia Kostiantynivna, Shevchenko Nataliia Yuriivna. (2020). The Role of Indirect Taxes in the Process of Filling the State Budget. International Journal of Economics, Finance and Management Sciences, 8(6), 219-223. https://doi.org/10.11648/j.ijefm.20200806.12

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ACS Style

Mrachkovska Nadiia Kostiantynivna; Shevchenko Nataliia Yuriivna. The Role of Indirect Taxes in the Process of Filling the State Budget. Int. J. Econ. Finance Manag. Sci. 2020, 8(6), 219-223. doi: 10.11648/j.ijefm.20200806.12

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AMA Style

Mrachkovska Nadiia Kostiantynivna, Shevchenko Nataliia Yuriivna. The Role of Indirect Taxes in the Process of Filling the State Budget. Int J Econ Finance Manag Sci. 2020;8(6):219-223. doi: 10.11648/j.ijefm.20200806.12

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@article{10.11648/j.ijefm.20200806.12,
  author = {Mrachkovska Nadiia Kostiantynivna and Shevchenko Nataliia Yuriivna},
  title = {The Role of Indirect Taxes in the Process of Filling the State Budget},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {8},
  number = {6},
  pages = {219-223},
  doi = {10.11648/j.ijefm.20200806.12},
  url = {https://doi.org/10.11648/j.ijefm.20200806.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20200806.12},
  abstract = {The process of the state budget revenues formation is accompanied by economic relations which are based on the withdrawal of a share of economic entities revenues in the form of direct and indirect taxes to the centralized fund for financial resources. The priorities of the state in fiscal policy and the level of economic development of society are determined through the level of the balance between revenues from direct and indirect taxes to the budget. The state has a significant impact on socio-economic growth, regulates macro- and microeconomic processes through taxes. Ukraine is currently at a rather complicated political and economic stage of development, which is accompanied by the tasks of sufficient and prompt filling the state budget to perform socio-economic functions. Indirect taxes occupy an important place in this process. They have the vast majority in the structure of tax revenues, that’s why the issue of studying its impact on the formation of the revenue side of the state budget and stimulating the economy is relevant. The article considers the issues of filling Ukraine's Budget through indirect taxes. The role of indirect taxes in the formation of budget revenues and its importance as a tool for state regulation of economic processes in society is proved. The directions to improve filling the budget through indirect taxes are determined.},
 year = {2020}
}

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T1  - The Role of Indirect Taxes in the Process of Filling the State Budget
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AU  - Shevchenko Nataliia Yuriivna
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VL  - 8
IS  - 6
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Author Information

Mrachkovska Nadiia Kostiantynivna

Department of Finances, National University of Life and Environmental Sciences of Ukraine, Kyiv, Ukraine
Shevchenko Nataliia Yuriivna

Department of Finances, National University of Life and Environmental Sciences of Ukraine, Kyiv, Ukraine

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APA Style

Mrachkovska Nadiia Kostiantynivna, Shevchenko Nataliia Yuriivna. (2020). The Role of Indirect Taxes in the Process of Filling the State Budget. International Journal of Economics, Finance and Management Sciences, 8(6), 219-223. https://doi.org/10.11648/j.ijefm.20200806.12

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ACS Style

Mrachkovska Nadiia Kostiantynivna; Shevchenko Nataliia Yuriivna. The Role of Indirect Taxes in the Process of Filling the State Budget. Int. J. Econ. Finance Manag. Sci. 2020, 8(6), 219-223. doi: 10.11648/j.ijefm.20200806.12

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AMA Style

Mrachkovska Nadiia Kostiantynivna, Shevchenko Nataliia Yuriivna. The Role of Indirect Taxes in the Process of Filling the State Budget. Int J Econ Finance Manag Sci. 2020;8(6):219-223. doi: 10.11648/j.ijefm.20200806.12

Copy | Download

@article{10.11648/j.ijefm.20200806.12,
  author = {Mrachkovska Nadiia Kostiantynivna and Shevchenko Nataliia Yuriivna},
  title = {The Role of Indirect Taxes in the Process of Filling the State Budget},
  journal = {International Journal of Economics, Finance and Management Sciences},
  volume = {8},
  number = {6},
  pages = {219-223},
  doi = {10.11648/j.ijefm.20200806.12},
  url = {https://doi.org/10.11648/j.ijefm.20200806.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20200806.12},
  abstract = {The process of the state budget revenues formation is accompanied by economic relations which are based on the withdrawal of a share of economic entities revenues in the form of direct and indirect taxes to the centralized fund for financial resources. The priorities of the state in fiscal policy and the level of economic development of society are determined through the level of the balance between revenues from direct and indirect taxes to the budget. The state has a significant impact on socio-economic growth, regulates macro- and microeconomic processes through taxes. Ukraine is currently at a rather complicated political and economic stage of development, which is accompanied by the tasks of sufficient and prompt filling the state budget to perform socio-economic functions. Indirect taxes occupy an important place in this process. They have the vast majority in the structure of tax revenues, that’s why the issue of studying its impact on the formation of the revenue side of the state budget and stimulating the economy is relevant. The article considers the issues of filling Ukraine's Budget through indirect taxes. The role of indirect taxes in the formation of budget revenues and its importance as a tool for state regulation of economic processes in society is proved. The directions to improve filling the budget through indirect taxes are determined.},
 year = {2020}
}

Copy | Download

TY  - JOUR
T1  - The Role of Indirect Taxes in the Process of Filling the State Budget
AU  - Mrachkovska Nadiia Kostiantynivna
AU  - Shevchenko Nataliia Yuriivna
Y1  - 2020/11/27
PY  - 2020
N1  - https://doi.org/10.11648/j.ijefm.20200806.12
DO  - 10.11648/j.ijefm.20200806.12
T2  - International Journal of Economics, Finance and Management Sciences
JF  - International Journal of Economics, Finance and Management Sciences
JO  - International Journal of Economics, Finance and Management Sciences
SP  - 219
EP  - 223
PB  - Science Publishing Group
SN  - 2326-9561
UR  - https://doi.org/10.11648/j.ijefm.20200806.12
AB  - The process of the state budget revenues formation is accompanied by economic relations which are based on the withdrawal of a share of economic entities revenues in the form of direct and indirect taxes to the centralized fund for financial resources. The priorities of the state in fiscal policy and the level of economic development of society are determined through the level of the balance between revenues from direct and indirect taxes to the budget. The state has a significant impact on socio-economic growth, regulates macro- and microeconomic processes through taxes. Ukraine is currently at a rather complicated political and economic stage of development, which is accompanied by the tasks of sufficient and prompt filling the state budget to perform socio-economic functions. Indirect taxes occupy an important place in this process. They have the vast majority in the structure of tax revenues, that’s why the issue of studying its impact on the formation of the revenue side of the state budget and stimulating the economy is relevant. The article considers the issues of filling Ukraine's Budget through indirect taxes. The role of indirect taxes in the formation of budget revenues and its importance as a tool for state regulation of economic processes in society is proved. The directions to improve filling the budget through indirect taxes are determined.
VL  - 8
IS  - 6
ER  -

Copy | Download