Historical Formation and Directions of Tax System Reform in the Context of Ensuring Sustainable Development

Abstract

Abstract: The article examines the historical formation of the tax system of Ukraine and the directions of its reform in the context of ensuring sustainable development. The purpose of the study is to substantiate the scientific and theoretical principles of reforming the tax system in order to ensure the implementation of the projected amounts of tax revenues for each budget period in the consolidated budget in the context of ensuring sustainable economic development of Ukraine. The study used the following methods: analysis and synthesis, general and specific, induction and deduction, statistical groupings. Results: during the study, the historical formation of the tax system was considered; the legislative framework and components of the tax system in the direction of the formation of tax revenues in budget revenues were analyzed; the possibility of further changes in the reform of the tax system was assessed to ensure sustainable development and further accession of Ukraine to the EU. The structure of tax revenues and the level of implementation of the revenue part of the Consolidated and State Budgets of Ukraine in 2018-2024 were analyzed. Conclusions: the role and purpose of the tax system in solving the tasks of sustainable development is exceptional precisely in terms of the implementation of such defining three components as economic, social, and environmental. The main types of taxes that provide state revenues are mainly indirect taxes, but direct taxation should become predominant both as a sign of effective business development and at the same time as the basis for obtaining the projected volumes of tax revenues as part of the country's budget revenues. The implementation of an effective tax system in Ukraine should take place on the basis of promoting the activation of innovation and investment activities, introducing social standards that meet modern requirements, and creating an environmentally friendly environment for citizens - as the main components in forming the basis for ensuring sustainable economic development.