scholarly journals The effect of value added tax and excise taxes on the oil and gas sector in the northern region of Russia on budget revenue formation

2020 ◽  
Vol 6 (1) ◽  
pp. 231-255
Author(s):  
Svetlana I. Chuzhmarova ◽  
Andrey I. Chuzhmarov
Keyword(s):  
Environmental Management ◽  
Tax Policy ◽  
Oil And Gas ◽  
Value Added ◽  
Northern Region ◽  
Value Added Tax ◽  
Indirect Taxation ◽  
Excise Taxes ◽  
Tax Revenues ◽  
Oil And Gas Sector

The main purpose of this article lies in providing the results of theoretical and practical studies of indirect taxation of the oil and gas sector of the northern region (in this case, the Komi Republic) and its role in the formation of budget tax revenues. The research novelty involves the development of the theory of taxation of environmental management and the justification of the need to develop a regional tax policy in order to strengthen its influence on the formation of tax revenues of the budget of the northern region. The theoretical and practical significance of the study lies in fixing the current problems in this sphere. The theory and methodology of this study is based on the theories of taxation of environmental management and the regional economy. To achieve this goal, the authors have employed the methods of dynamic and static analysis of the effectiveness of indirect taxation of the oil and gas sector. The hypothesis of the study determined the absence of dependence on the growth of production and sales of hydrocarbons and indirect taxes from the oil and gas sector to the consolidated budget of the northern region. To confirm this hypothesis, the authors have studied theoretical approaches to the taxation of value added tax and excise taxes of the oil and gas sector, analyzed the changes in hydrocarbon production volumes as an objective basis for taxation, and defined the role of indirect taxation of the oil and gas sector in the formation of the federal and consolidated budgets of the northern constituent entities of the Russian Federation. For the distinguished problems, practical recommendations are provided. The authors highlight the necessity of using indirect taxation as an instrument of regional tax policy, as well as strengthening the influence of value added tax and excise taxes on the oil and gas sector of the northern region of Russia on the formation of budget revenues.

TAX POLICY IN THE FIELD OF EXCISE TAXES ON TOBACCO PRODUCTS IN RUSSIA

2020 ◽  
Vol 3 (3) ◽  
pp. 36-40
Author(s):  
A. A. IDRISOV ◽  
Keyword(s):  
Tax Policy ◽  
Negative Impact ◽  
Tobacco Products ◽  
Excise Tax ◽  
Trade Relations ◽  
Excise Taxes ◽  
Tax Revenues ◽  
Eurasian Economic Union ◽  
Economic Union ◽  
The Impact

The article is devoted to the analysis of the features of excise tax revenues to the budget of the Russian Federation. The analysis of the negative impact on the economy of the distribution of illegal tobacco prod-ucts - cigarettes, as well as the impact of new substitutes for this product. The issues of harmonization of the excise policy of the countries of the Eurasian Economic Union and the regulation of the tax policy in the field of excise taxes on tobacco products, the introduction of new excise taxes on electronic substitutes are considered. These measures are aimed at creating sustainable export-import foreign trade relations and a single market of legalized smoking products. The article is aimed at developing recommendations on strengthening the economy of tobacco production in the context of the creation of the Eurasian Economic Union, as well as on increasing tax revenues from them.

LEGAL MECHANISMS FOR STIMULATING THE DEVELOPMENT OF THE OIL AND GAS SECTOR OF THE RUSSIAN ECONOMY

2021 ◽  
Author(s):  
Viacheslav Olegovich Mosalygin ◽  
Keyword(s):  
Natural Gas ◽  
Russian Federation ◽  
Oil And Gas ◽  
Significant Part ◽  
Tax Revenues ◽  
Russian Economy ◽  
Oil And Natural Gas ◽  
The Russian Federation ◽  
The Government ◽  
Oil And Gas Sector

For more than 15 years, a significant part of the budget revenues of the Russian Federation have been tax revenues from the sale of hydrocarbons, in particular oil and natural gas. Despite the desire of our government to minimize its dependence on oil and gas revenues, the government continues to implement measures to encourage both small and large companies by providing some tax-related benefits, thereby encouraging the fields to further develop and expand.

The global context for public health nutrition taxation

2010 ◽  
Vol 14 (1) ◽  
pp. 176-186 ◽  
Author(s):  
Anne Marie Thow ◽  
Peter Heywood ◽  
Stephen Leeder ◽  
Lee Burns
Keyword(s):  
Public Health ◽  
Tax Policy ◽  
Tax Reform ◽  
Value Added ◽  
Trade Liberalisation ◽  
Healthy Foods ◽  
Public Health Nutrition ◽  
Reform Agenda ◽  
Excise Taxes ◽  
Global Agenda

AbstractObjectiveTo assess critically the scope for public health nutrition taxation within the framework of the global tax reform agenda.DesignReview of the tax policy literature for global policy priorities relevant to public health nutrition taxation; critical analysis of proposals for public health nutrition taxation judged against the global agenda for tax reform.SettingThe global tax reform agenda shapes decisions of tax policy makers in all countries. By understanding this agenda, public health nutritionists can make feasible taxation proposals and thus improve the development, uptake and implementation of recommendations for nutrition-related taxation.ResultsThe priorities of the global tax reform agenda relevant to public health nutrition taxation are streamlining of taxes, adoption of value-added tax (VAT), minimisation of excise taxes (except to correct for externalities) and removal of import taxes in line with trade liberalisation policies. Proposals consistent with the global tax reform agenda have included excise taxes, extension of VAT to currently exempted (unhealthy) foods and tariff reductions for healthy foods.ConclusionsProposals for public health nutrition taxation should (i) use existing types and rates of taxes where possible, (ii) use excise taxes that specifically address externalities, (iii) avoid differential VAT on foods and (iv) use import taxes in ways that comply with trade liberalisation priorities.

scholarly journals Modeling and analysis of value added tax revenues: certain issues of application in Ukraine

2020 ◽  
Vol 67 (6) ◽  
pp. 137-148
Author(s):  
M. Luchko ◽  
R. Ruska
Keyword(s):  
Arima Model ◽  
Value Added ◽  
The State ◽  
Theoretical Development ◽  
Value Added Tax ◽  
Important Place ◽  
Important Indicator ◽  
Modeling And Analysis ◽  
Tax Revenues ◽  
Business Entities

The issues of modeling and analysis of revenues to the budget of value added tax using the mathematical ARIMA model by means of STATISTIKA package are investigated in this paper. Based on its application, recommendations for forecasting the revenues of this tax on the basis of current trends in its receipt are formed. On the basis of universal and non-universal argumentation and empiriсal data, the payment of this tax by business entities is considered. Value added tax (hereinafter – VAT) is an important indicator of the country's budget. The reliability and reality of the planned VAT indicator depend on the assessment of the state, forecast, seasonality and trends of economic and social development. Sustainable development, consistency of tax legislation, forms and methods of work with taxpayers, contribute to proper administration of taxes, efficient and complete receipt of payments to the budget, the level of financial and tax culture and other factors of socio – economic impact. This in turn leads to the confidence of entrepreneurs, investors to the state and the desire to work in it. The purpose of the article is to investigate the issues of analysis, modeling and forecasting of VAT payments for goods, works and services produced in the customs territory of Ukraine. At the macro level, special attention is paid to the projected amount of tax revenues to the budget. VAT should take an important place in tax planning and forecasting. Complete and adequate planning and forecasting, analysis of its revenues in practice is determined by the overall comprehensive and individual understanding of the nature, content and mechanism of administration. Insufficient theoretical development of forecasting and control of its payment, lack of a systematic approach to the investigation of this process, in practice makes it impossible to make effective management decisions on tax revenues, which the state can really rely on while implementing fiscal policy. The current practice requires the development of theoretical and methodological principles of modeling and tax forecasting of VAT, its analysis. These issues are investigated in this paper.

scholarly journals Georgia Tax Policy Directions in Value Added Tax (VAT) and Expected Results of Reforms

2021 ◽  
Vol 4 (1) ◽  
pp. 12-18
Author(s):  
Iza BUKIA
Keyword(s):  
Economic Policy ◽  
Environmental Factors ◽  
Tax Policy ◽  
Statistical Data ◽  
Value Added ◽  
Business Environment ◽  
Statistical Information ◽  
Value Added Tax ◽  
Positive Indicators ◽  
General Business

The research aims to review the direction of Georgia's economic policy, in particular, the reforms implemented in the field of tax policy in value added tax (VAT). For this purpose, the method of comparing the legislative records, as well as the analysis of official statistical data and their generalization are used, as well as the research I conducted (the results of a survey of entrepreneurs) on several reforms in value added tax. The current result of the major reforms in this tax is an indicator of positive dynamics. This study will allow stakeholders (as well as entrepreneurs) to evaluate the effectiveness of tax policy, which is reflected in both statistical information and international rankings. The general business environment following the reforms and the regulatory norms of value added tax (VAT) in Georgia will be analyzed. This will be the basis for observing the dynamics of the positive indicators of the reforms carried out, and at the same time to take into account the influence of environmental factors during the assessment.

scholarly journals Intellectual Capital and its Impact on Financial Performance: A Study of Oil and Gas Sector of Pakistan

2014 ◽  
Vol 43 ◽  
pp. 125-140 ◽  
Author(s):  
Muhammad Arslan ◽  
Rashid Zaman
Keyword(s):  
Financial Performance ◽  
Intellectual Capital ◽  
Significant Relationship ◽  
Oil And Gas ◽  
Random Effect ◽  
Random Effect Model ◽  
Value Added ◽  
Annual Reports ◽  
Tangible Assets ◽  
Oil And Gas Sector

The study examines the Intellectual Capital (IC) performance of oil and gas sector of Pakistan over the period of 2007 to 2011 and its impact on corporate financial returns. The study uses value added intellectual coefficient (VAICitTM) to measure IC performance and its various components of VAICitTM like (HCEit, SCEit and CEEit) and its impact on financial performance (ROEit, ROIit and EPSit). Micro panel data of oil and gas sector registered in KSE-100 index is collected from their consolidated annual reports over the period of 2007 to 2011. The IC performance is measured by Ante Pulic Model (VAICitTM) and its effect on corporate returns (ROEit, ROIit and EPSit) is tested by Random Effect Model estimation. Hausman test suggests that study accepts null hypothesis (Chi2. Prop > 0.05) where for ui is uncorrelated with regressor means that random effect is preferred versus alternative fixed effect in all the proposed research models. The study reveals that VA is considered an important component for measuring the VAICitTM performance and it has positive and significant relationship with firm’s profitability (EPSit) and HCEit and SCEit have positive and significant relationship with firm’s financial performance (ROEit and ROIit) respectively. So, this study explores that Intellectual Capital Efficiency (ICE) has relatively larger contribution for measuring the VAICitTM performance where HCEit and SCEit execute substantive role to accelerate the financial performance of oil and gas sector of Pakistan as compare to tangible assets.

scholarly journals Value Added Tax in the Aspect of Forming the Enterprise Accounting Policy

2020 ◽  
Vol 23 (1) ◽  
pp. 120-124
Author(s):  
Olena Matros ◽  
◽  
Liudmyla Melnyk ◽  
Svitlana Mykhailovyna ◽  
◽  
...  
Keyword(s):  
Tax Policy ◽  
Financial Risk ◽  
Value Added ◽  
Tax Burden ◽  
Tax Credit ◽  
Value Added Tax ◽  
Tax Rate ◽  
Tax Legislation ◽  
Business Entities ◽  
Accounting Policy

Introduction. Currently, indirect taxes play a crucial role in shaping the state’s Tax Policy and creating the legal basis for a market economy. In their composition; the value-added tax acts as one of the regulators of the redistribution of public goods and one of the main and stable sources of income to the budget; as well as a way to distribute the tax burden, which allows maintaining the economic and legal equality of taxpayers. Purpose. The aim of the research is to identify possible directions for improving the process of managing value added tax in terms of the forming the enterprise accounting policy. Results. The research has identified a number of problems on the chosen topic, including: the problem of practical application of the principle of undisputed tax credit and non-execution of court decisions; lack of predictability of changes in tax legislation; uncertainty of tax risks and possible measures to prevent them. Based on the outlined problems, opportunities have been assessed and the feasibility of reducing the tax burden on business entities under VAT has been determined. The significance of tax planning has been determined – it allows you to provide for the size of the tax obligation to be paid and control the correctness of its accrual. If new business conditions arise, planning allows you to analyze tax factors and take them into account in the process of implementing tax policy. Conclusions. The theory of taxation defines the essence and content of the tax policy of the enterprise in terms of value added tax; tax risk zones related to VAT payment have been investigated; the concept of tax risk as a special type of financial risk characterizing the possibility of unforeseen financial losses (collection of tax arrears; penalties for late payment of tax; collection of penalties; non-reimbursement of VAT at zero tax rate; inability to use VAT tax credit) related to changes in tax legislation or is the result of taxpayer activity or actions of tax authorities; proposed classification of types of tax risks by VAT depending on the reasons for their occurrence and proposed means of preventing risks associated with the calculation and payment of VAT.

scholarly journals The role of tax policy in encouraging a healthy lifestyle of the population

2021 ◽  
pp. 73-85
Author(s):  
Natalya Vladimirovna Makarova
Keyword(s):  
Tax Policy ◽  
Healthy Lifestyle ◽  
Eating Habits ◽  
Sport Activity ◽  
Practical Interest ◽  
Value Added ◽  
Tax Incentives ◽  
Indirect Taxation ◽  
Effective Measure ◽  
The Incentive Mechanism

The relevance of this research is defined by the ongoing worldwide negative trends related to the spread of infectious diseases, which require the development and adoption of complex preventive measures, including tax policy. The subject of this research of the use of tax instruments within the framework of the policy of encouraging a healthy lifestyle of the population. The author explores the methods of indirect taxation of “harmful” food products, summarizes foreign and historical experience in implementation of disincentive tax measures: imposition of tax on high sugar carbonated beverages, the so-called “fat” tax and the salt tax. The author outlines the possible alternative scenarios of using indirect taxation for promoting healthy eating habits. Practical interest of the conducted research consist in recommendations on the use of the incentive mechanism for the value-added tax. Attention is given to the fact that along with the instruments of indirect taxation, the effective measure of healthy lifestyle policy may become the introduction of direct tax incentives aimed at enhancing physical activity of the population. The author determines the contradictions between the labor and tax legislation on the issues of accounting of business expenses allocated for the sport activity of the working citizens. The conclusion is made on feasibility of the broader use of tax incentives, as well as on the need for amending the legislation of the Russian Federation on taxes and fees.

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