DIRECTIONS FOR IMPROVING EXCISE TAXATION IN THE TAX SYSTEM OF UKRAINE

Abstract

The article examines the main reasons for the importance of excise taxation, in particular: generation of additional revenues for the budget; encouraging sustainable consumption; ensuring financial stability; consumption regulation and health protection. The receipt of excise tax to the consolidated budget of Ukraine for 2018–2022 was analyzed. It is noted that in connection with the processes of European integration in Ukraine, the urgency of developing specific measures to harmonize the domestic system of excise taxation with the relevant European standards, in particular with the norms of the European Union (EU), is emphasized. Harmonization is necessary not only to comply with international obligations, but also to promote further economic development and increase Ukraine’s competitiveness on the world market. This process helps establish the same rules of the game for all market participants and encourages the development of domestic production. The main areas of improvement of excise taxation in Ukraine are outlined, which take into account both adaptation to European standards and modern technologies, and support of the domestic producer, in particular:  adaptation of national legislation on taxation to the requirements and norms of the European Union; building effective excise taxation by modernizing its administration in Ukraine, in particular, it is important to simplify the administration system, including the introduction of an electronic administration system and the use of digital technologies for marking and tracking goods; creation of a preferential taxation system, in accordance with European standards, aimed at supporting national producers and protecting their interests on the international market. In general, these areas are not only aimed at creating a modern and effective system of excise taxation, but also take into account the interests of various social groups and contribute to the sustainable development of the country’s economy. Their implementation will help improve financial stability, support domestic production and increase Ukraine’s competitiveness in the international arena. It was concluded that the improvement of excise taxation is strategically important for the creation of an effective and competitive tax system, contributing to economic growth and ensuring the stability of the country’s financial resources. Taking into account all aspects, further scientific research and implementation of the proposed strategies into practical steps are recommended for further improvement of the tax system of Ukraine in general and excise taxation in particular.