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Interviews & experts opinions
Breaking of stereotypes: what do Ukrainians know about who and how is managing public money?
Jurgita Domeikiene, Team Leader of the EU Public Finance Management Support Programme for Ukraine (EU4PFM) on NV.UA commented on the results of a survey on the topic: "Why do Ukrainians pay taxes, and where is that money spent? What do Ukrainians think of those who collect and distribute taxes in the country? Do citizens trust government agencies working in the public finance management area, and if not – why?".
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What can IT solutions give to the Ukrainian public financial management system? 5 benefits that European experts emphasize
The processes of modern public finance management are constantly evolving and changing. Sometimes this is due to changes in legislation, sometimes - with a general approach to the basic methodology and considering accepted best practices, which are constantly evolving.
For example, until recently, most governments based their public finances on cash-based accounting methodologies, while now the accrual method is used as the standard for public financial management, leading to a complete overhaul of best practices.
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How the EU helps Ukraine manage public finance in a more efficient way
In 2019, the EU Public Finance Management Support Programme for Ukraine (EU4PFM) was launched to assist Ukraine in the implementation of reforms. Recently, the Project has crossed the equator of its activities in Ukraine.
Many changes have taken place in the past two years with the EU’s support. The main ones will be presented further on.
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E-cash registers in Ukraine: who will benefit from them?
Digitalization of the tax administration system is one of the most crucial tax reforms monitored not only by Ukraine but also by its international partners.
And one of its most striking examples is the uptake of e-cash registers (ECRs). It is a modern and innovative tax administration tool that has been implemented only by a few countries of the European Union so far. Now Ukraine is also successfully implementing this initiative.
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Ukraine – EU: in the process of large-scale reforms
The Association Agreement with the European Union, ratified by Ukraine at the time of both tragic and heroic transitions in Ukrainian history, has become a fundamental change for important social transformations.
The main part of the text of the Agreement is a roadmap for economic transformations that should bring the economies of the European Union and Ukraine closer together.
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The EU supports Ukraine’s accession to the Convention on a Common Transit Procedure
In 2014, Ukraine signed an Association Agreement with the European Union. The economic part of the Agreement is among its most important components. The EU’s goal is to assist Ukraine and provide the necessary support so that democratic reforms would bring tangible benefits to citizens of Ukraine. Among other important areas, such as the fight against corruption, energy and trade, this assistance covers the area of economic and sectoral reforms, including supporting customs reform in Ukraine.
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Reforming tax debt administration: international experience
To enhance the current state of public finance administration in Ukraine, there is a need to improve the tax debt administration and collection institution. The analysis of the current Ukrainian legislation clearly shows that the state is in much worse position in debt collection comparing to private contractors.
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