Value-added tax: functional orientation features pertaining to agriculture
The article generalizes theoretical principles of indirect taxation, in particular in part of production of the most widespread form of universal excise –value-added tax. Functional descriptions of VAT are analysed and the functional orientation of tax is exposed in relation to agriculture. The essence of the value-added tax is revealed by functions which it executes. The analysis of functional orientation of this tax form enabled to select general and specific properties of VAT. Thus, if properties of the first block are general for a tax, second – operate in certain industries and being special (related to implementation of the tasks set forward, which depend upon this form of taxation). It is set that VAT is endowed with almost all characteristic properties of obligatory payments of tax nature. At the same time, in the field of agricultural production eminent is a specific orientation of this form of taxation which consists in providing of implementation of supporting and protective tasks, as well as orientation that shows up in simplification of the tax process in industry. The special functional orientation of VAT in relation to industry of agriculture is properly represented on principles of production mechanism forming of this tax.