FISCAL EFFICIENCY OF THE VALUE ADDED TAX IN UKRAINE IN THE CONTEXT OF THE UNSHADOWING OF TAXPAYERS ACTIVITIES

Abstract

The article stated the nature of fictitious mechanism as a set of methods and means of partial or complete avoidance of tax obligations payment with VAT, or illegitimate increase of the value of the tax credit VAT. Thus, in the context of the set goal and defined tasks, such as defining the level of fiscal efficiency of VAT, taking into account the increase of the sector of shadow economy in Ukraine and identifying the ways to elimination of illegitimate schemes, discharge of VAT in Ukraine. The article analyzed the trends of this tax funds in the ratio of the planned indices.

The negative impact of deshadowed activity of economic agents that are VAT payers in practice are defined through the prism of research of fiscal and regulatory effectiveness of tax. The main indicator and also the factor of low efficiency level of tax planning and VAT forecasting at the macro level is the failure the planned regulations of the tax revenues in the optimal size to the appropriate levels of government system in Ukraine. Therefore, regarding this trend, the article explores the key factors underfunding the fiscal payments with VAT. Having conducted a quantitative and qualitative evaluation of certain parameters that impact the level of fiscal efficiency of VAT, we concluded that the motivating factors for developing fictitious processes of charging, payment and taxation of VAT is to increase the tax load, the existence of the trend of the shadow economy development, the size of the shadow VAT.

Thus, assessment of the under fulfillment of VAT revenue for certain budget periods in Ukraine, determination of the level of impact on that assessment of certain financial and economic factors and systematization of illegitimate tax schemes presupposed the opportunity to highlight some offers and recommendations to enhance the fiscal efficiency level of VAT in Ukraine.