The impact of the vat rate increase on the tax burden of "Aznakaevskneft" oil and gas production department
Currently, the increase of the value-added tax (VAT) rate is very relevant. The rate expects a 18-20 % increase from 2019. The paper reveals the essence of the value added tax (VAT), defines its role in the state budget, calculates the amount of payment to the budget, VAT rates with the identification of their negative sides. The situation of the tax rate increase is analyzed on the example of an arbitrary product. It is shown how exactly the 2 % increase of the tax rate will affect final consumers. The relationship between the tax rate increase and the inflation formation has been revealed, the range of VAT contribution to inflation has been estimated with account of the factors totality. The experts’ opinions on this situation are given. The tax situation is modeled on the example of the structural subdivision of PJSC "Tatneft" - "Aznakaevskneft" Oil and Gas Production Department. An economic-mathematical analysis of the financial indicators of oil and gas management is given. The corresponding conclusions of the article, for visual representation, are illustrated in figures and tables.