THE FISCAL ROLE OF INDIRECT TAXATION IN THE FORMATION OF REVENUES OF THE STATE BUDGET

Анотація

The article examines the fiscal role of indirect taxes in the formation of state budget revenues. The peculiarities of indirect taxation in Ukraine, types of indirect taxes according to the current legislation are disclosed. Inflows to the state budget of indirect taxes were analyzed in terms of their absolute values, shares, and in relation to GDP. It was found that indirect taxes in the structure of the tax system of Ukraine are the main source, demonstrating high fiscal efficiency. The results of the analysis of the receipts of indirect taxes to the budget of Ukraine indicate that the key budget-forming tax is the value added tax, the second largest revenue is the excise tax, and customs duties occupy the third position in terms of revenue to the state budget. Therefore, indirect taxes in the structure of the tax system of Ukraine are the main source, demonstrating high fiscal efficiency, the reduction of their share in the structure of budget revenues in recent years occurred due to a full-scale invasion. In today’s conditions, tax reform should take place within the framework of a defined strategy, which will allow for a more reasonable modeling of the formation and forecasting of tax revenues to the budget, taking into account both indirect and direct taxes. It is important to emphasize the importance of consumption taxes as a key instrument of state influence on economic development, carrying out regulation by which the state contributes to the creation of competitive conditions in the domestic and foreign markets. This, in turn, contributes to the stimulation of business activity and the formation of added value, which is the basis of taxation of most types of taxes.

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