Current problems of applying value added tax in the Russian Federation

The article examines the value added tax as the main source of the formation of the revenue side of the budget, as well as the importance of its application in the real sector of the economy. The relevance of the work lies in the fact that VAT is defined as one of the main federal taxes, which has a number of problems. The purpose of this article, based on recent events, to investigate the shortcomings of this tax and identify ways to eliminate them. The article also reveals the relationship between the competitiveness of goods and VAT. The work used a systematic approach to disclose the topic of value added tax. The main problems of VAT are taken as a basis, and the relationship with value-added production in Russia is analyzed.