Dual nature of the object of VAT taxation
The article gives explanation to the dual nature of the object of VAT taxation: a real object is net income used for consumption; a formal one is the added value determined by the amount of payroll, profit and amortization (without input VAT). Added value should not include any indirect taxes. In case of legislative consolidation of VAT object it is proposed to use the formal object - added tax. While determining the VAT rate, the real object of VAT should be considered, which is net income used for consumption, which suggests differentiated VAT rates. Added value determines the structure of GDP, proportions of distribution of material resources and incomes, level of equipment and production technology, competitive economics, effective use of material resources, etc., and, therefore, is a key indicator, subject to registration and legal regulation. It is only this value that determines the pace of socio-economic development and enables the use of regulatory capacity of VAT.