NEGATIVE EXCISE TAXES IN THE ACCOUNTING OF OIL REFINERIES IN THE REPUBLIC OF BELARUS: PROBLEMS AND SOLUTIONS

Abstract

The analysis of changes in the tax code regarding the specifics of the application of deductions on excise taxes for oil and petroleum products in the context of the impact on the accounting and analytical system of Belarusian refineries is carried out. A number of problems and significant aspects have been identified that complement the essence of excise duty as a tax and, accordingly, require improvement of existing approaches to their accounting. In particular, the issues of accounting for negative excise taxes, detailing the main and compensating component of tax deductions for petroleum products, the origin of oil and elements forming the excise tax rate for oil, problems of interaction and information exchange with government agencies are highlighted. As a basic way to solve these problems, the necessity of using a separate account for accounting for excise tax deductions is justified, which makes it possible to make changes in the accounting and analytical system of Belarusian refineries in terms of negative excise taxes more effective.