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The Fiscal Role of Direct Taxes in the Formation of Budget Revenues
Krykhivska N. О., Oryshchyn T. M.

Krykhivska, Nataliia О., and Oryshchyn, Tetiana M. (2024) “The Fiscal Role of Direct Taxes in the Formation of Budget Revenues.” Business Inform 10:747–747.
https://doi.org/10.32983/2222-4459-2024-10-747-747

Section: Finance, Money Circulation and Credit

Article is written in Ukrainian
Downloads/views: 0

UDC 336.226.11

Abstract:
The article is aimed at studying the role of direct taxes in the formation of budget revenues of Ukraine, analyzing the ratio of direct and indirect taxes in the structure of tax revenues, as well as developing recommendations for improving tax policy to ensure stable economic development of the country. The article analyzes the dynamics of tax revenues in the context of direct and indirect taxes over the past 5 years, which shows that a significant impact on the decrease in the volume of aggregate tax payments for 2022 is the decrease in indirect taxes for the same period. Furthermore, the established ratio of direct and indirect taxes in the structure of tax revenues emphasizes the need to improve the direct taxation system, because due to the decline in economic activity and trade restrictions caused by the war, revenues from indirect taxes decreased significantly, while direct taxes continued to grow despite the imposition of martial law. The analysis of the dynamics and structure of direct tax payments in the context of their components, namely personal income tax, income tax, single tax, rent and other taxes and fees, has also been carried out. Based on the analysis, it is found that the largest share in the structure of tax revenues is occupied by revenues from personal income tax, in addition, the volume of personal income tax is characterized by stable growing dynamics for the entire analyzed period. A gradual increase shows the volume of the single tax paid, the increase of which for the period under study is more than 58%. With regard to income tax, ambiguous dynamics has been determined, because in the first year of the full-scale military invasion, the amount of tax paid decreased by 20% compared to the pre-war year of 2021. Thus, on the basis of the analysis, it is found that the system of direct taxation is important for ensuring stable economic development of the State, however, taking into account the identified shortcomings, it needs some further improvement.

Keywords: taxation system, taxes, direct taxes, personal income tax, income tax.

Fig.: 2. Tabl.: 2. Bibl.: 14.

Krykhivska Nataliia О. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Finance, Accounting and Taxation, Ivano-Frankivsk National Technical University of Oil and Gas (15 Karpatska Str., Ivano-Frankіvsk, 76019, Ukraine)
Email: [email protected]
Oryshchyn Tetiana M. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Finance, Accounting and Taxation, Ivano-Frankivsk National Technical University of Oil and Gas (15 Karpatska Str., Ivano-Frankіvsk, 76019, Ukraine)
Email: [email protected]

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