Subject The article considers the regulation of final consumption tax (VAT and a sales tax) in OECD countries and in the Russian Federation. Objectives The aim is to compare the regulation of indirect taxation in the Russian Federation and abroad. Methods We analyze the global practice of the mechanism for calculation and payment of taxes on final consumption, namely, estimation of tax base, application of reduced tax rates and tax deductions. Results The Russian mechanism of VAT assessment and payment undergoes considerable changes annually; however, tax revenues are much lower than the calculated tax due. The main reason, as in case of any tax, is tax evasion. The experience of VAT functioning in the Russian tax practice revealed a number of weaknesses, i.e. an intricate procedure and high cost of tax administration, low tax revenues and high share of tax debt. Efficient VAT treatment depends on methods to assess value added rather than on statutory tax rates and taxable item extension. Conclusions The considered approaches to adjusting the taxation mechanism will result in increased growth rates of the Russian economy and enhance its investment appeal. However, it is crucial to honor the interests of both the State and taxpayers. Replacing the VAT by another indirect tax or introducing the new VAT assessment mechanism is inefficient under current conditions, as it entails costs and will have an adverse impact on investment potential of business operations in our country.
Belyanskaya O.V., Tutaeva D.R. O nekotorykh tendentsiyakh v nalogovom administrirovanii v Rossii [On certain trends in tax administration in Russia]. Rossiiskoe predprinimatel'stvo = Russian Journal of Entrepreneurship,2013, no. 3, pp. 12–18.
Batsenkov N.N. Pravovaya priroda naloga na dobavlennuyu stoimost' [Legal nature of the value added tax]. Nalogi = Taxes,2014, no. 6, pp. 3–6.
Balikhina N.V., Kosov M.E. Razvitie investitsionno-innovatsionnykh protsessov v rossiiskoi ekonomike. Finansovyi aspekt: monografiya [Developing the investment and innovative processes in the Russian economy. A financial aspect: a monograph]. Moscow, YUNITI-DANA Publ., 2014, 231 p.
Gordeeva S.N. O tom, kak sud'i nalogovyi vychet obosnovali [How judges justified the tax deduction]. Uslugi svyazi: bukhgalterskii uchet i nalogooblozhenie = Communication Services: Accounting and Taxation,2014, no. 3, pp. 34–38.
Kopina A.A. K voprosu o vzaimosvyazi rynochnoi tseny i vzaimozavisimosti lits [On the interrelation of market price and relationships of individuals]. Finansovoe pravo= Financial Law,2013, no. 9, pp. 34–40.
Kosov M.E., Kramarenko L.A. Ekonomicheskoe ravnovesie nalogovoi sistemy [Economic balance of the tax system]. Moscow, YUNITI-DANA Publ., 2012, 199 p.
Krasyukov A.V. Neosnovatel'noe obogashchenie v mekhanizme kosvennogo nalogooblozheniya [Unjustified enrichment in the indirect taxation mechanism]. Finansovoe pravo = Financial Law,2013, no. 6, pp. 30–34.
Kudryashova E.V. Aktsizy: nemnogo teorii [Excise taxes: a bit of theory]. Nalogi = Taxes,2014, no. 6, pp. 40–44.
Kosov M.E., Yagudina E.V. Nalogovoe regulirovanie innovatsionnoi deyatel'nosti [Tax regulation of innovative activity]. Moscow, YUNITI-DANA Publ., 2013, 215 p.
Kosov M.E. Ravnovesie ekonomicheskoi sistemy: monografiya [The balance of economic system: a monograph]. Moscow, Russian State University of Trade and Economics Publ., 2012, 295 p.
Lermontov Yu.M. Nalog s prodazh: izmeneniya zakonodatel'stva o nalogakh i sborakh [Tax on sales: changes in the legislation on taxes and charges]. Normativnye akty dlya bukhgaltera = Regulations for Accountant,2014, no. 18, pp. 102–103.
Nikiforova N.V. Kogda pryamye po suti raskhody mogut stat' dlya nalogooblozheniya kosvennymi? [When can virtually direct expenses become indirect for taxation?]. Aktual'nye voprosy bukhgalterskogo ucheta i nalogooblozheniya = Topical Issues of Accounting and Taxation,2014, no. 22, pp. 60–64.
Sibiryakov N.A. Nalog na dobavlennuyu stoimost': osnovnye usloviya dlya primeneniya vycheta po NDS [Value added tax: main conditions for applying the tax deduction under VAT]. Nalogi = Taxes,2015, no. 2, pp. 8–14.
Tufetulov A., Davletshin T., Sinnikova Yu. O real'noi stavke naloga na dobavlennuyu stoimost' pri realizatsii tovarov, rabot i uslug v RF [On the real rate of the value added tax when selling goods, works and services in the Russian Federation]. Nalogovyi vestnik = Tax Bulletin,2013, no. 12, pp. 42–50.
Kharisov I.F. Pravovaya priroda nalogovykh i tamozhennykh platezhei [Legal nature of tax and customs payments]. Nalogi = Taxes,2009, no. 4, pp. 11–16.
Tsidilina I.A. K voprosu ob unifikatsii pravovogo regulirovaniya kosvennogo nalogooblozheniya v usloviyakh integratsii Rossii v mirovoe soobshchestvo [On unification of statutory regulation of indirect taxation under Russia’s integration in the world community]. Nalogi = Taxes,2014, no. 2, pp. 43–45.
