FEATURES OF CALCULATION AND ACCOUNTING OF VALUE ADDED TAX ON EXPORT AND IMPORT OPERATIONS OF BUSINESS ENTITIES

Abstract

The article is devoted to the study of the peculiarities of accounting for value added tax on export-import transactions. The relevance of the study is due to changes in tax legislation and regulatory regulation of VAT accounting, which are related to the war in Ukraine. The purpose of the study is to systematize and update information on the peculiarities of VAT calculation and accounting for enterprises engaged in foreign economic operations. To achieve the goal, the following tasks were performed in the research process: the features of value added tax calculation for export and import transactions are shown, while the features of VAT calculation for export and import of services are highlighted; features of documenting export-import operations are shown; the main accounting procedures used for the accounting process are considered. Research methods. In the course of the study, general scientific methods of cognition were used. In particular, this is an analysis of the regulatory framework, as well as professional literature, which determines the specifics of calculating and accounting for value added tax in wartime conditions. The synthesis of information made it possible to systematize the material according to the research topic. Grouping made it possible to present the researched material in a consistent and systematic form. The result of the research made it possible to show the peculiarities of accounting and calculation of value added tax in the conditions of military operations, taking into account legislative and tax changes related to the taxation of enterprises of Ukraine. It is shown that export operations are taxed at a rate of 0%, and import operations form the possibility of reimbursement of value added tax. At the same time, the peculiarities of the accounting process, the sequence of events in accounting and documentation are specified. The practical significance of the study lies in the possibility of its use by accountants of Ukrainian enterprises engaged in foreign economic activity. Understanding the peculiarities of VAT taxation of foreign economic transactions by entrepreneurs working in Ukraine will help them avoid many legal, financial and tax risks. It must be remembered that the correct documentation of the operation is no less important than the provision of services or the performance of works. Expanding the scope of services of foreign economic activity will have significant advantages for the economy of Ukraine in war and post-war times.