Chesnokova L.A., Malyshev S.A., Yashina N.I. Differentiation of VAT Revenues Between Budgets of Federal and Regional Levels

Abstract: The purpose of this research is to create a new approach to differentiation of taxes between levels of the budget system. The subject of the research is the value added tax (VAT). This article is the continuation of the research of redistribution of tax revenues between budget levels. Taking into account the algorithm developed by authors of the article, it is offered to redistribute the VAT. At the moment this indirect tax in the Russian Federation comes only to the federal budget. Considering that the majority of regional budgets have a subsidized focus, new approach to distribution of tax revenues can solve this problem. To achieve the research goals, the authors carried out the analysis of these forms of tax accounts for the period 2010-2014 for 83 constituents of the Russian Federation, interpreted theoretical criteria for distribution of taxes according to the aforesaid indicators, selected the criterial factor (variance factor), assessed the indicators for each constituent during a particular time period, defined the weighting value of each indicator and made conclusions about VAT differentiation. As a result of the research possible percentage intervals of distribution of VAT revenues for federal and regional budgets for 83 Russian Federation constituents are provided. The drawn conclusions can be used in the course of developing tax policy at a level of a specific region or the country in general.

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