THE FEASIBILITY OF REFORMING THE VAT AS A FACTOR INCREASING FISCAL EFFICIENCY

Acute fiscal deficit requires increasing fiscal efficiency of the national tax system. Given that the tax rates in force today, are higher than similar rates compared with European countries, additional accumulation and storage of cash and financial resources should not occur at the expense of increasing the tax burden on taxpayers by raising rates and by improving and improving tax administration. Considering taxes in terms of efficiency the most interesting price, as it is the main source of revenue of the state budget of Ukraine. At the same time it should be noted that considering the urgency of reforming VAT may identify ways to increase its fiscal efficiency.