The effect of value added tax and excise taxes on the oil and gas sector in the northern region of Russia on budget revenue formation-Reference-Cited by-同舟云学术

The effect of value added tax and excise taxes on the oil and gas sector in the northern region of Russia on budget revenue formation

Published:2020 Issue:1 Volume:6 Page:231-255
ISSN:2500-3534
Container-title:Tyumen State University Herald. Social, Economic, and Law Research
language:
Short-container-title:TSU Herald. Soc Econ Law Res

Author:

Chuzhmarova Svetlana I.¹^ORCID,Chuzhmarov Andrey I.²^ORCID

Affiliation:

1. Pitirim Sorokin Syktyvkar State University

2. Komi Republican Academy of State Service and Administration

Abstract

The main purpose of this article lies in providing the results of theoretical and practical studies of indirect taxation of the oil and gas sector of the northern region (in this case, the Komi Republic) and its role in the formation of budget tax revenues. The research novelty involves the development of the theory of taxation of environmental management and the justification of the need to develop a regional tax policy in order to strengthen its influence on the formation of tax revenues of the budget of the northern region. The theoretical and practical significance of the study lies in fixing the current problems in this sphere. The theory and methodology of this study is based on the theories of taxation of environmental management and the regional economy. To achieve this goal, the authors have employed the methods of dynamic and static analysis of the effectiveness of indirect taxation of the oil and gas sector. The hypothesis of the study determined the absence of dependence on the growth of production and sales of hydrocarbons and indirect taxes from the oil and gas sector to the consolidated budget of the northern region. To confirm this hypothesis, the authors have studied theoretical approaches to the taxation of value added tax and excise taxes of the oil and gas sector, analyzed the changes in hydrocarbon production volumes as an objective basis for taxation, and defined the role of indirect taxation of the oil and gas sector in the formation of the federal and consolidated budgets of the northern constituent entities of the Russian Federation. For the distinguished problems, practical recommendations are provided. The authors highlight the necessity of using indirect taxation as an instrument of regional tax policy, as well as strengthening the influence of value added tax and excise taxes on the oil and gas sector of the northern region of Russia on the formation of budget revenues.

Publisher

Tyumen State University

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