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This study examines the role, fiscal significance and practical application of
value added tax (VAT) in ensuring sustainable fiscal policy and government budget
revenues. It discusses mechanisms for taxing value added at the stages of producing
and selling goods and services, the distribution of the tax burden, risk mitigation and
the contribution of VAT to national economic competitiveness. It also considers
international experience in VAT rates, administration and digitalisation (electronic
invoices), particularly in European Union countries, China and Tьrkiye.