Instituto de Estudios Políticos y Derecho Público "Dr. Humberto J. La Roche"
de la Facultad de Ciencias Jurídicas y Políticas de la Universidad del Zulia
Maracaibo, Venezuela
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Vol.41 N° 76
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Recibido el 30/11/22 Aceptado el 24/01/23
ISSN 0798- 1406 ~ De pó si to le gal pp 198502ZU132
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Vol. 41, Nº 76 (2023), 627-640
IEPDP-Facultad de Ciencias Jurídicas y Políticas - LUZ
Impact of the War on the Formation and
Implementation of Tax Policy in Ukraine
DOI: https://doi.org/10.46398/cuestpol.4176.37
Lesia Vaolevska *
Nadiia Moskaliuk **
Oksana Kvasnytsia ***
Anatolii Lutsyk ****
Oksana Olyvko *****
Abstract
The outbreak of full-scale war on the territory of Ukraine and
the deterioration of the socio-economic situation have negatively
aected all spheres of public life, including the formation of
the part of the national budget. Therefore, the purpose of this
publication was to determine areas for improvement of tax policy
in Ukraine, identify problematic aspects and consequences of
the impact of taxation on ensuring the functioning of the state,
both during the period of martial law, and in the postwar period and its
restoration. The authors of the article analyze the situation with the
formation of tax policy and its implementation based on the systematic
examination using dialectical, comparative and legal, statistical and other
methods. Approaches to improve tax legislation in Ukraine are discussed.
In addition, the need to bring the legislative framework in line with modern
challenges, simplify tax procedures for taxpayers, reduce the level of
tax burden on business entities, as well as the prospect of state support
for investment projects to create favorable conditions, conditions for
attracting signicant investments to Ukraine aimed at creating new jobs
and stimulating the economic development of the regions is substantiated.
* Doctor in Law, Professor, Head Research service of the Verkhovna Rada of Ukraine, Kyiv, Ukraine.
ORCID ID: https://orcid.org/0000-0002-3659-3851
** Doctor in Law, Associate Professor, Head of the Department of Security and Law Enforcement of the
West Ukrainian National University, Ternopil, Ukraine. ORCID ID: https://orcid.org/0000-0003-
2972-3352
*** PhD. in Economics, Associate Professor, Associate Professor of the S. I. Yuriy Department of Finance,
West Ukrainian National University Ternopil, Ukraine. ORCID ID: https://orcid.org/0000-0003-
3003-7616
**** PhD. in Economics, Associate Professor, Associate Professor of the S. I. Yuriy Department of Finance,
West Ukrainian National University Ternopil, Ukraine. ORCID ID: https://orcid.org/0000-0001-
5131-7444
***** PhD. in Economics, Associate Professor, Associate Professor of the Department of International
Tourism and Hospitality Business B. Havrylyshyn Education and Research Institute of International
Relations, West Ukrainian National University Ternopil, Ukraine. ORCID ID: https://orcid.org/0000-
0001-5710-4116
628
Lesia Vaolevska, Nadiia Moskaliuk, Oksana Kvasnytsia, Anatolii Lutsyk y Oksana Olyvko
Impact of the War on the Formation and Implementation of Tax Policy in Ukraine
Keywords: tax policy; implementation of the state tax policy; tax
legislation; taxation; economic impact of the war.
Impacto de la guerra en la formación e
implementación de la política scal en Ucrania
Resumen
El comienzo de la guerra a gran escala en el territorio de Ucrania y el
deterioro de la situación socioeconómica han afectado negativamente
todas las esferas de la vida pública, incluida la formación de la parte del
presupuesto nacional. Por lo tanto, el propósito de esta publicación fue
determinar áreas para mejorar la política scal en Ucrania, identicar
aspectos problemáticos y las consecuencias del impacto de los impuestos
para garantizar el funcionamiento del Estado, tanto durante el período
de la ley marcial, como en la posguerra y su restauración. Los autores
del artículo analizan la situación de la formación de la política tributaria
y su implementación con base en el examen sistemático utilizando
métodos dialécticos, comparativos y legales, estadísticos y otros. Se
discuten enfoques para mejorar la legislación scal en Ucrania. Además,
se fundamenta la necesidad de adecuar el marco legislativo a los desafíos
modernos, simplicar los procedimientos scales para los contribuyentes,
reducir el nivel de carga scal sobre las entidades comerciales, así como
la perspectiva de apoyo estatal a los proyectos de inversión para crear
condiciones favorables, condiciones para atraer inversiones signicativas
a Ucrania destinadas a crear nuevos puestos de trabajo y estimular el
desarrollo económico de las regiones.
Palabras clave: política tributaria; implementación de la política
tributaria estatal; legislación tributaria; tributación;
impacto económico de la guerra.
Introduction
The formation of the Ukrainian tax system was accompanied by the
constant reform of both tax payments and changes in the control agencies in
the eld of taxation and the search for new approaches to the improvement
of tax legislation. The socio-economic transformations that took place in
Ukraine determined the need for the formation of an eective tax policy as
a prerequisite for improving the economic situation in the country.
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Vol. 41 Nº 76 (2023): 627-640
Tax policy is an important tool for establishing and developing economic
and social stability and is aimed at nding a balance between the state’s
capabilities in terms of providing it with nancial resources through the
tax mechanism and achieving priority socio-economic goals under certain
conditions of the country’s development (Izmailov et al., 2022: 83).
According to Pechuliak, the purpose of the state tax policy is to ensure the
balance of the state budget and to stimulate the economic development of
the country (Pechuliak, 2005).
The state tax policy is a component of the socio-economic policy of the
state, which should be oriented towards the creation of such a tax system
that takes into account the individual interests of taxpayers based on the
interests in preserving health and increasing well-being; stimulates the
accumulation and rational use of the country’s national wealth, contributes
to the harmonization of the interests of the state and society, thereby
ensuring its socio-economic progress (Barannyk and Piskova, 2015).
Unfortunately, the full-scale war launched by the Russian Federation
against Ukraine complicates the socio-economic situation of our country,
worsens all macroeconomic indicators, such as GDP, ination rate,
unemployment and others. Eective resistance to military aggression
necessitates the need for the fastest possible restructuring of the entire
system of state regulation of our country’s economy, including its tax
component.
The issue of tax policy in wartime plays a crucial role in the functioning
of the state, because the well-being of both citizens and the state in the
whole depends on its formation and implementation. Nowadays there is
the need to nd new opportunities to improve tax policy in Ukraine, whose
primary task is to improve the administration of taxes, which are sources of
budget revenues and important instruments of state regulation.
The implementation of an eective tax policy of Ukraine is an extremely
important issue and becomes especially relevant in the context of the
signicance of its impact on all spheres of public life and ensuring the
functioning of the state both during the period of the martial law and its
post-war restoration.
The system and structure of state agencies that ensure the formation,
implementation and control over the implementation of the state tax policy
in Ukraine in terms of the martial law also need improvement.
Ukraine currently faces a complex of global problems, whose solution
can be ensured only through the eective activity of public administration
agencies, and the implementation of state functions cannot be successful
without a stable and eective tax policy. Taxes have the largest share of
budget revenues of both Ukraine and foreign countries.
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Lesia Vaolevska, Nadiia Moskaliuk, Oksana Kvasnytsia, Anatolii Lutsyk y Oksana Olyvko
Impact of the War on the Formation and Implementation of Tax Policy in Ukraine
Therefore, the implementation of an eective tax policy is an extremely
important issue and becomes especially relevant in the context of the
signicance of its impact on strengthening all spheres of social life and
ensuring public welfare, ensuring the rule of law, economic and political
independence of the state and ensuring the sustainable socio-economic
development of Ukraine (Krushelnytska et al., 2021).
The purpose of this publication is to determine areas for improving tax
policy in Ukraine, to identify problematic aspects and the consequences of
taxation’s impact on ensuring the functioning of the state both during the
period of martial law and its post-war restoration. The formulated purpose
indicates the relevance and expediency of conducting such research.
1. Methodology of the study
The authors of this study used the dialectical method of cognition and a
complex of general scientic special methods of scientic research.
Methods of analysis and synthesis have assisted to clarify those issues
that are currently being studied by scholars and are covered in scientic
publications. The formation process of the institution of state tax policy in
Ukraine, formation and stages of development of domestic legislation on
the implementation of state tax policy have been studied with the help of
the historical and legal method. Systematic analysis has been used while
studying and researching the system of state agencies that ensure the
formation, implementation and control over the implementation of tax
policy in Ukraine.
The method of generalization made it possible to draw conclusions based
on the conducted research. The logical research method has determined the
sequence of presented judgments and conclusions. The application of the
statistical method has made it possible to identify the dynamics of revenues
to the budget from tax payments, to determine their role in the formation
of the revenue part of budgets.
2. Analysis of recent research
Organizational and legal aspects of the implementation of the state tax
policy in Ukraine were studied in the dissertation of Pechuliak (2005). A
comprehensive and systematic analysis of the legal forms of implementation
of the state tax policy of Ukraine, as well as studies of the concept, legal
nature and attributive properties of the state tax policy from the standpoint
of nancial law was carried out in the dissertation of Chayka (2018).
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The analysis of scientic and normative approaches to the denition of
the tax policy was carried out in the scientic article of Maruschchak and
Oleksiy (2021). The analysis of the priorities for the formation of the state
tax policy in terms of the implementation of sustainable development goals
was carried out in the monographic study of Krushelnytska et al. (2021).
The study of the current situation for the formation, implementation
and development tendencies of the state policy of Ukraine in the context
of the implementation of the law enforcement function of the state in the
eld of taxation was carried out by Teremetskyi in co-authorship with other
scholars (2021).
Besides, scholars have analyzed specic features of involving civil society
institutions into this activity. Certain issues of the law enforcement function
of the state in the eld of taxation (concept, content, structural elements)
were analyzed by Teremetskyi and Dmytrenko (2020). Peculiarities of
property protection in the decisions of the European Court of Human
Rights in the eld of taxation were studied by Kurylo et al. (2020).
However, a small number of scientic works are focused on studying
the impact of the war on the formation and implementation of tax policy
in Ukraine. We can distinguish among them scientic articles focused on:
1) the problems currently faced by Ukraine, its economy and business in
connection with the introduction of the martial law (Zhuk and Hoi, 2022);
2) the analysis of the accounting and tax system in terms of the martial
law (Kostyshyn and Yakovets, 2022); 3) the study of nancial policy in
terms of the martial law (Latkovskyi, 2022); the study of modern tools for
supporting the nancial stability of Ukraine in terms of war (Nieizviestna et
al., 2022); the improvement of the tax system as a component of Ukraine’s
international security (Izmailov et al., 2022).
3. Results and Discussion
3.1. Specic features for the formation and implementation of
the tax policy in terms of the martial law
The tax policy in accordance with the Art. 10 of the Commercial Code of
Ukraine is one of the main areas of economic policy determined by the state
and aimed at ensuring an economically justied tax burden on business
entities, stimulating socially necessary economic activity of entities, as well
as observing the principle of social justice and constitutional guarantees
of civil rights at the taxation of their incomes (The Commercial Code of
Ukraine, 2003, Article 10).
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Lesia Vaolevska, Nadiia Moskaliuk, Oksana Kvasnytsia, Anatolii Lutsyk y Oksana Olyvko
Impact of the War on the Formation and Implementation of Tax Policy in Ukraine
The state tax policy is dened on the ocial website of the Ministry
of Finance of Ukraine as “state activity in the eld of establishment, legal
regulation and organization of tax payments and tax fees to the centralized
funds of the state’s monetary resources” (Ocial website of the Ministry
of Finance of Ukraine). At the same time, the Tax Code of Ukraine is the
main document regulating relations related to the establishment, change
and cancellation of taxes and fees in Ukraine.
It denes the comprehensive list of taxes and fees that are administered
in Ukraine, the procedure for their administration, taxpayers and fees,
their rights and obligations, the competence of controlling agencies and
the powers of their ocials while carrying out tax control, liability for
violations of tax legislation, etc. (Ocial website of the Ministry of Finance
of Ukraine).
We share Chayka opinion that the state tax policy is one of the main areas
of the state’s nancial activity, which is carried out by authorized agencies
of state power in order to mobilize funds in the form of taxes and fees to
the relevant budgets and is embodied in tax and legal norms, causes legally
signicant consequences for the subjects of tax legal relations and aimed at
the reconciliation of public and private tax interest (Chayka, 2018).
At the same time, the subjects that participate in the formation and
implementation of the state tax policy are the state authorities, which form
the system where four main groups can be distinguished:
1) legislative power agencies (the Verkhovna Rada of Ukraine in the whole and
a specialized committee within its apparatus – Committee on Tax and Customs
Policy); 2) executive power agencies (the Cabinet of Ministers of Ukraine, the
Ministry of Economy, the Ministry of Finance of Ukraine and the State Tax Service
of Ukraine; this group also includes with certain warranties the State Treasury
Service of Ukraine, which contributes to its implementation in cases clearly dened
by the legislation, not having direct powers in the eld of implementing state tax
policy); 3) judicial authorities (the Constitutional Court of Ukraine and the system
of administrative courts); 4) agencies with a special constitutional and legal status
(the President of Ukraine and the Accounting Chamber) (Chayka, 2018: 21).
The martial law was introduced throughout Ukraine on February 24,
2022 by the Presidential Edict No. 2102-IX (Law of Ukraine “On Approval
of the Edict of the President of Ukraine “On the Introduction of the Martial
Law in Ukraine”, 2022). We note that the content of the legal regime of the
martial law, the procedure for its introduction and cancellation, the legal
principles of the activities of state authorities, military command, military
administrations, local self-government agencies, enterprises, institutions
and organizations in terms of the martial law, guarantees of human and
civil rights and freedoms and rights and legal interests of legal entities
are dened by the Law of Ukraine “On the Legal Regime of the Martial
Law” dated from May 12, 2015 No. 389-VIII (Law of Ukraine “On the Legal
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Vol. 41 Nº 76 (2023): 627-640
Regime of the Martial Law”, 2015).
Adaptation of tax legislation to new realities, as well as nancial
protection and support for both business representatives and domestic
consumers, Ukrainian warghters and all those who need it, is extremely
important during the war. Tax incentives and deregulation for the economy
are necessary in order to ll the state budget, preserve the solvency of the
population, strengthen the economic stability of the state, as well as the
ability to eectively resist the aggressor.
The Verkhovna Rada of Ukraine adopted a number of Laws of Ukraine
amending the tax legislation precisely for restoring and ensuring the
eective and uninterrupted operation of the state’s economy during
the war. In particular, the Parliament of Ukraine adopted a number of
legislative amendments, the purpose of which is to simplify doing business,
to promote the systematic payment of taxes, to reduce the tax burden, and
to stimulate the eective economic activity of taxpayers in wartime.
Thus, Zhuk and others note that the government adopted a number of
amendments to the tax legislation for the martial law period in order to
support business, where the main ones are:
Partial cancellation of inspections; exemption from liability for non-
compliance with tax legislation; tax benets for payers of the single tax and the
single social contribution; abolition of nes in the eld of application of accounting
operations’ registering devices. Adopted amendments will provide business
entities with their further development and restoration of the economy in general
(Zhuk and Hoi, 2022: 47).
Niezviestna and others note that a signicant number of measures in the
eld of application of tax instruments, which had a deregulatory nature, is
gradually being canceled. Such steps at the beginning of the war were forced
and accepted as emergency support. However, they reduce the eciency
of the tax system in terms when the nancial sector adapts to the newly
formed circumstances of operation (Niezviestna et al, 2022).
Scholars, analyzing changes in the use of tax instruments to support
the nancial stability of Ukraine during the war, note the full recovery
of the VAT electronic administration system; restoration of broad tax
deregulations adopted at the beginning of the war in March 2022 and
allowing them to be used only by those taxpayers who were directly aected
by the war; introduction of a special mechanism for paying rent for the
use of subsoil for natural gas extraction; cancellation of broad customs
privileges granted at the beginning of the war, which began to harm the
competitiveness of the domestic producers and exert additional pressure
on the currency exchange rate; introduction of a simplied and accelerated
mechanism for the implementation of customs control and registration of
goods; updating the mechanism for crediting the excise tax on the retail
sale of tobacco products to local budgets (Niezviestna et al., 2022).
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Lesia Vaolevska, Nadiia Moskaliuk, Oksana Kvasnytsia, Anatolii Lutsyk y Oksana Olyvko
Impact of the War on the Formation and Implementation of Tax Policy in Ukraine
At the same time, according to Izmailov and others, it is necessary to
take the following urgent measures for the eective functioning of the tax
policy in terms of military operations:
To form a new institutional environment of taxation, favorable for the
implementation of the principle of equality of all taxpayers under the law;
prevent any manifestations of tax discrimination, the responsible attitude of
taxpayers to the fulllment of their obligations; increase the scal eciency of
taxes by expanding the tax base, improving administration and control, which will
contribute to reducing the scale of tax evasion; to increase the regulatory potential
of the tax system based on the introduction of preferences for the collection of
taxes in special conditions; to develop a system of benets for the import and sale
of fuel and lubricants; to update the simplied taxation system and provide tax
benets; to cancel VAT for certain industries; to exempt property, things (helmets,
bulletproof vests, medicines, etc.), humanitarian aid for defense purpose, etc.,
which are imported and supplied to the territory of Ukraine, from paying taxes and
excise duties; to allow charitable assistance transferred to health care institutions
or to a special account of the Armed Forces to be attributed to expenses without
limits (previously such limits were set at 4% of prot); to allow to include tax
credit amounts into the VAT, where tax invoices have not been registered yet, but
primary documents are available; to exempt enterprises located on the territory
of active hostilities from taxation; to establish a fair redistribution of nancial
resources from taxes; to change the ideology of its functioning and update the
personnel potential of civil servants of Ukraine, etc. (Izmailov et al., 2022: 86).
Important problems in the implementation of the tax policy of Ukraine
during the introduction of the martial law in Ukraine can be considered
the following: imperfection of tax legislation, ambiguous interpretation
of law norms, dierent court practice; a high level of violations in the
administration of taxes and fees, tax evasion, as well as the shadowing of
the economy. The most acute problem of the tax policy is nancial lling of
the budget and optimization of expenses, especially in the current period of
economic and political crisis.
We believe that the implementation of the tax policy during the martial
law period should ensure the solution of the primary tasks of counteracting
Russian aggression. In particular, it is necessary to ensure a balanced
budget, to maintain a balance between the expenditure and revenue parts
of the state and local budgets.
The main areas of the tax policy should be aimed at solving the primary
problems of the martial law period, namely: reduction of the tax burden, in
particular, on enterprises producing defense-oriented products; creation of
new jobs in regions where hostilities are not taking place in order to ensure
eective employment of internally displaced persons; reduction of the tax
burden on operations for providing, transporting and receiving charitable
assistance; increase in the competitiveness of Ukraine’s economy and
activation of the innovation-investment component of its development.
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Desiatniuk and others believe that the improvement of the tax policy in
the context of the transformation of the national economy should be aimed
at solving such tasks as: building a stable, understandable and unied
tax system; establishment of legal mechanisms for eective interaction
of all its elements and participants within the single tax space; formation
of an adequate tax system that will ensure the balance of national and
private interests, promote the development of entrepreneurship, activate
investment activity and act as a catalyst for increasing the national wealth
of the country and the well-being of the population; reduction of the total
tax burden; unication of the tax regulatory legal framework; improvement
of liability procedures for non-compliance with legislation; simplication of
tax payment declaration and administration mechanisms, etc. (Desiatniuk
et al., 2021).
According to T. A. Krushelnytska and co-authors, the priority areas of
the tax policy formation in terms of achieving the Sustainable Development
Goals of Ukraine should be:
A decentralized tax system that will ensure eective redistribution of
aggregate income; expansion of the tax base and increase in tax rates for the use
of natural resources while simultaneously raising the social standards of life of the
population; reorientation of the tax policy for increasing the eciency of direct
taxes; promotion of unshadowing the economic activity; ensuring the fairness and
equality of the tax system, its adaptation to EU norms and rules (Krushelnytska et
al., 2021: 77).
Current legislative amendments are the reection of the state of war in
Ukraine and the tax policy is aimed at maximally restoring economic activity
and promoting the development of small and medium-sized business. It
is evidenced by the statistical data provided by the National Institute of
Strategic Studies, namely: “receipts (balance) in January – September
2022 to the consolidated budget for payments controlled by the State Tax
Service amounted to 811.7 billion UAH, which is more by 107.9 billion UAH
or 15.3% than in January – September 2021.
In particular, the State Budget received 536.1 billion UAH, which is
more by 74.8 billion UAH or 16.2%. Local budgets received 275.6 billion
UAH, which is more by 33.1 billion UAH or 13.7% than last year. Receipts of
the single contribution for the mandatory state social insurance in January
– September 2022 amounted to 298.9 billion UAH, which is more by
48.5 billion UAH or 19.4% than in January – September 2021” (National
Institute of Strategic Studies, 2022).
3.2. Impact of the tax policy on the sphere of investment activity
It is worth noting that the implementation of the tax policy provides
opportunities for the state to inuence the economy: stimulate the
development of production, promote the accelerated growth of some
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Lesia Vaolevska, Nadiia Moskaliuk, Oksana Kvasnytsia, Anatolii Lutsyk y Oksana Olyvko
Impact of the War on the Formation and Implementation of Tax Policy in Ukraine
industries compared to others, change the investment climate and carry
out structural restructuring.
It is the formation of an institutional environment that would stimulate
economic development, the development of the mechanisms of the social-
market economy, in order to ensure the sustainable socio-economic
development of the country, which is an important priority of the tax policy
in terms of the martial law.
We agree with Savitska, who points out that further improvement of
the mechanisms of scal regulation of investment activities in Ukraine is of
great importance. The tax policy in the eld of investment activity should
be adapted as much as possible and aimed at implementing legislative and
organizational innovations in order to create comfortable conditions for
starting a business in Ukraine (Savitska, 2020).
Foreign investments are of great importance for the restoration of the
Ukrainian economy. Therefore, the main task for Ukraine remains the
creation of favorable conditions for investors. We note that investment
attractiveness is signicantly inuenced not only by the general state of the
economy of our country, but also by the prerequisites for doing business, in
particular, the taxation system and the main areas of the tax policy.
Ukraine compared to EU countries had the highest level of tax burden
on enterprises in 2011–2020. Capital transfers and state guarantees for
business entities serve as important components of the scal mechanism
capable of inuencing investment processes at the micro level. However,
the latter are provided to individual enterprises, so they cannot regulate the
investment activity of all legal entities in the state.
Therefore, the perspectives for further research are to nd the ways to
level the negative impact of the components of the scal mechanism on the
investments of enterprises in Ukraine, where it is necessary to study and use
the experience of EU countries regarding the implementation of various tax
benets that stimulate the investment activity of business entities (Melnyk
et al., 2022: 160).
It should be noted that the organizational, legal and nancial principles
of state support for investment projects with the aim of creating favorable
conditions for attracting signicant investments to Ukraine (internal and
external), creating new jobs, stimulating the economic development of
regions and increasing the competitiveness of the Ukrainian economy are
determined by the Law of Ukraine “On State Support of Investment Projects
with Signicant Investments in Ukraine” (Law of Ukraine “On State Support
of Investment Projects with Signicant Investments in Ukraine”, 2020).
The President of Ukraine Volodymyr Zelenskyi presented a platform for
potential foreign investors at the opening ceremony of the New York Stock
637
CUESTIONES POLÍTICAS
Vol. 41 Nº 76 (2023): 627-640
Exchange on September 6, 2022. It gathered more than 500 investment
projects and opportunities in 10 branches of the economy: defense-industrial
complex; metallurgy and metal processing; energy; agro-industrial
complex; woodworking and furniture making; innovative technologies;
logistics and infrastructure; pharmaceutics; natural resources; industrial
production (Decree of the President of Ukraine, 2019).
According to the Ministry of Economy of Ukraine, more than 250
requests were received in the rst month since the launch of the Advantage
Ukraine investment platform. Companies from the USA, Great Britain,
Poland, Germany and Turkey are mostly interested in investing in Ukraine.
International strategic and portfolio investors are mostly interested in
such sectors of the Ukrainian economy as innovations and technologies,
agriculture and the defense industry. There are also many requests in
the eld of energy, infrastructure and logistics (Ministry of Economy of
Ukraine, 2022).
At the same time, according to Deputy Minister of Economy Oleksandr
Hryban, investors are primarily interested in tax benets in the context of
perspectives to start new factories, partnerships or acquiring Ukrainian
assets (Ministry of Economy of Ukraine, 2022).
The regulation of new economic relations requires a tax policy that could
optimize the interests of the state with the interests of foreign investors.
That is why the tax policy of Ukraine should be aimed not only at eective
administration of taxes and fees and lling the revenue part of the budget,
but also at observing the rights and legitimate interests of taxpayers and
ensuring their protection, eective interaction with authorities.
Herewith, the state has the opportunity to inuence the economy
through the implementation of the tax policy, in particular: to stimulate
the development of production, to promote the accelerated growth of some
industries compared to others, to change the investment climate and carry
out structural restructuring.
Therefore, the state tax policy is one of the leading and the most eective
instruments of state regulation of the economy.
Conclusions
The priorities of the tax policy in the conditions of the war are changing
in Ukraine for the needs of operative support and proper and continuous
implementation of the budget. Therefore, the further reform of the tax
policy in terms of the martial law and post-war reconstruction requires
a systematic approach to the selection of specic tools for improving tax
legislation.
638
Lesia Vaolevska, Nadiia Moskaliuk, Oksana Kvasnytsia, Anatolii Lutsyk y Oksana Olyvko
Impact of the War on the Formation and Implementation of Tax Policy in Ukraine
Restoring the economic stability of the state requires the development
of a tax policy aimed at stimulating Ukrainian production, innovation
and investment activity, consumer demand, as well as strengthening the
regulatory and control functions of the state regarding the payment of taxes.
The essence of tax policy is determined by the set of organizational and
legal, nancial and economic measures of the state regarding the regulation
of tax legal relations aimed at the formation and use of the state’s nancial
resources.
State authorities take operative decisions to support the nancial
stability of the country in order to ensure the eective functioning of the
budget and tax sphere, the needs of Ukrainians during the period of the
martial law. That is the reason why the tax policy of Ukraine in the present
day conditions needs further improvement and nalization of systemic
reforms in terms of more justied decision-making on reducing the level
of tax burden on business entities, improving the tax climate, state support
for investment projects with the aim of creating favorable conditions
for attracting signicant investments to Ukraine, creation of new jobs,
stimulation of the economic development of regions and the economy of
Ukraine.
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Esta revista fue editada en formato digital y publicada
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Vol.41 Nº 76