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In the realm of tax legislation, as Ukraine advances towards European integration, the harmonization of its tax system with European Union (EU) standards becomes a complex undertaking. This process entails adapting national tax laws to EU norms, which are continuously evolving. It is a journey that calls for close collaboration, commitment, and learning from the EU member states, particularly those with well-established tax systems.

The reform of the Accounting Chamber is important for Ukraine - the body will audit the use of funds invested by foreign countries in Ukraine. It must be 100% independent and competent. How can this be achieved?

Ensuring effective communication within risk management frameworks is crucial for mitigating potential threats and fostering a culture of transparency and accountability. In the final edition of the educational rubric on risk management, we delve deeper into this pivotal topic.

On October 24th, the first meeting of the Interdepartmental Working Group for developing technical and functional requirements for the IT system for accounting and financial reporting in the public sector took place.

Topics covered include customs control, intellectual property protection, customs audit, post-clearance, and the Import Control System 2 (ICS2).

The Ministry of Finance and the State Customs Service are actively delving into the experience of integrating Bulgarian customs into the EU Customs Union. Today, a Ukrainian delegation paid a visit to the Sofia airport customs office of the territorial administration of the Bulgarian capital customs. During this visit, they gained insights into the practical aspects of protecting intellectual property rights during customs inspections.

As part of the information campaign on the STS Contact Centre, that was modernized with the support of EU4PFM, posters were placed in taxpayers service centres all over Ukraine.

Today, October 17, the study visit of the delegation of the Ministry of Finance and the State Customs Service of Ukraine to Bulgaria, organized within the framework of EU4PFM, began in Sofia. It will last from October 17-19 and will cover the key areas of customs affairs, Ukraine should harmonize with the EU practice in the context of the application to join the European Union.

Risk management is a critical aspect of organisational operations, ensuring that potential threats and challenges are identified, assessed, and effectively managed. In today's technologically advanced world, automating the risk management process has become increasingly important. So the third edition of educational rubric on risk management delves into the general approach and various aspects of automating risk management.

The EU4PFM project provided the Ministry of Finance with 850 licenses for two-factor authentication software as part of the emergency support programme for its partners.