Problems and Prospects of Excise Taxation

Excise tax is one of the budget-forming taxes and at the same time performs an important regulatory function – affects the consumption of alcohol and tobacco products, and therefore helps reduce the harmful effects of these products on the health of Ukrainian society. The purpose of the article is to systematize the theoretical and applied aspects of the implementation by the state of regulatory functions behind the turnover of the excise group of goods and to determine the concept directions for improving the administration of excise tax. The main problems and inconsistencies in the current system of excise taxation were revealed. The role and purposes of the excise tax in filling the state budget were substantiated. The volumes and reasons for the deficiency of planned budget values, caused by the shortcomings of the current excise tax system, were analyzed. The recommendations to minimize the negative impact of these factors on the effectiveness of further budget filling were given. The necessity of expanding the organizational and technical capabilities of the State Fiscal Service for the acceptance and verification of software packages of relevant electronic declarations was noted. Trends in the development of excise taxation were systematized. In particular, the use of electronic excise stamps (within the framework of invariance of approaches to the implementation of state controlling influence on the commodity market of the excise group) was described. The prospects for implementation of electronic excise stamps in the current institutional and regulatory environment of Ukraine taking into account the strategic initiatives of the State Fiscal Service until 2020 of the year were outlined. This will ensure automated control over the movement of excisable goods (alcoholic beverages and tobacco products) and will greatly simplify the workflow in the sphere of circulation of excisable goods, will minimize the impact of human factors on the administration of excise tax. So in generally the volume of the shadow market of excisable goods will reduce.