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The Role of Indirect Taxes in the Process of Filling the State Budget
International Journal of Economics, Finance and Management Sciences
Volume 8, Issue 6, December 2020, Pages: 219-223
Received: Oct. 14, 2020; Accepted: Nov. 11, 2020; Published: Nov. 27, 2020
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Authors
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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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.
Keywords
State Budget, Tax Revenues, Indirect Taxes, Value-Added Tax, Excise Duty, Customs Duty
To cite this article
Mrachkovska Nadiia Kostiantynivna, Shevchenko Nataliia Yuriivna, The Role of Indirect Taxes in the Process of Filling the State Budget, International Journal of Economics, Finance and Management Sciences. Special Issue: Taxation of Foreign Economic Operations with Agricultural Products . Vol. 8, No. 6, 2020, pp. 219-223. doi: 10.11648/j.ijefm.20200806.12
Copyright
Copyright © 2020 Authors retain the copyright of this article.
This article is an open access article distributed under the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/) which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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