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Information × Registration Number 0222U003791, 0121U114479 , R & D reports Title Organization and methods of integrated accounting of transactions related to charging and paying of VAT in for-profit and non-profit organizations popup.stage_title Head Shyhun Mariia М., д.е.н. Registration Date 30-05-2022 Organization Kyiv National Economics University named after Vadym Hetman popup.description2 Providing a fiscal function and taking into account the peculiarities of administration, VAT calculations are a basic process of many ukrainian enterprises, which requires attention, accuracy and efficiency during the preparation of tax documents and reports. Research analytics shows that the current legislation does not fully ensure the clarity and ease of accounting and audit of VAT calculations. There are also cases of non-compliance of the Tax Code of Ukraine requirements with the norms of the UA GAAP or IFRS. One example of such a situation is the need for strict compliance with the inventory valuation by the method of identified cost according to a.188.1 of the Tax Code of Ukraine for the calculation and control of the VAT tax base, while UA GAAP and IFRS do not preclude the use of other inventory valuation methods, which often leads to parallel accounting for financial and tax reporting purposes. Such inconsistencies in the legislation and the lack of clear guidelines for accounting for VAT-related transactions cause problems for business, auditors and regulatory authorities. In order to simplify the accounting of VAT-related transactions while respecting the interests of the state and taxpayers and to reduce the impact of existing regulatory and organizational barriers on market development, as research results is proposed to develop and justify: a)Draft of Chart of VAT-related Accounts and Draft Instruction on their use, which will allow Ukrainian enterprises to optimize the accounting model, reduce the resources cost for processing and verification of transactions in the information system and speed up the formation of VAT reporting indicators; b)Draft Recommendations on the formation and adjustment of VAT liabilities when accounting for transactions related to the sale below cost, which will allow companies to more accurately determine the VAT tax base and provide greater confidence in the correctness of tax accounting and compliance with applicable law. Product Description popup.authors Baranov Serhii M. Zhuravel Andrii A. Lech Pshemyslav Z Ostapiuk Natalia A. popup.nrat_date 2022-05-30 Close