Keywords: tax system, consolidated budget, income tax, personal income tax, value added tax, excise tax, tax burden.


The article states that taxes are one of the main links of economic relations in society, as well as the main form of income of the state.

The purpose of the article is to conduct the analysis of tax revenues to the state budget in order to determine the peculiarities of the functioning of the Ukrainian tax system and assess its fiscal efficiency.

According to the results of the study of the Ukraine’s Consolidated Budget incomes dynamics, the tendency of their growth has been revealed. The structure of tax revenues is analyzed. The correlation between direct and indirect taxes in the tax system of Ukraine is investigated and their role in filling the state budget is determined. The analysis of the main taxes having the highest fiscal value was carried out. The volume of personal income tax revenues was investigated, the factors that influenced of their change were determined. The enterprise income tax has been analyzed, and its fiscal role in filling the consolidated budget of the state is determined. The main changes in the method of calculation and payment of these taxes, which influenced the dynamics of its revenues to the budget, are outlined.

Indirect taxes, such as value-added tax (VAT) and excise tax, have the most important role in the formation of budget revenues. The article analyzes the impact of indirect taxes and determines the factors that influence the change in their volume. It is revealed that the current mechanism of VAT payment significantly reduces its fiscal efficiency, since more than half of the received tax returns to the payers. Therefore the main amount of VAT comes from taxation of imports. Despite this, VAT remains the most significant source of budget revenues. Its share in tax revenues of the consolidated budget increased throughout the period under investigation.

In contradistinction to VAT, most of the excise tax comes from internal transactions with excisable goods.

The analysis shows that the share of tax revenues in the consolidated budget is constantly fluctuating, which is a consequence of the imperfection of taxation in Ukraine, the constant changes in the structure of the tax system and the mechanism for collecting basic taxes, the general instability of the economic situation in the country.

In general, when assessing the fiscal efficiency of the Ukrainian tax system, it can be stated that today the volume of taxes in Ukraine are quite high. In this context, an important task is to optimize the tax burden. Excessive and uneven tax burden in the country leads to a decrease in economic activity and its shadowing.


1. Dykha, M. V. & Honcharov, Yu. V. (2018). Podatkova systema yak skladnyk zabezpechennia rozvytku sotsialno-ekonomichnoi systemy Ukrainy [The tax system as a component of ensuring the development of the socio-economic system of Ukraine]. Suchasni pytannia ekonomiky i prava. – Modern issues of economics and law, 1, 86–99. URL : http://nbuv.gov.ua/UJRN/Spep_2018_1_11 [in Ukrainian].

2. Karlin, M. I. (2016). Fiskalna optymizatsiia: sut, struktura, problemy v Ukraini ta shliakhy yikh vyrishennia [Fiscal optimization: the essence, structure, problems in Ukraine and ways of their solution]. Ekonomichnyi forum. – Economic forum, 4, 219–227. URL: http://nbuv.gov.ua/UJRN/ecfor_2016_4_33 [in Ukrainian].

3. Karlin, M. I. (2014). Finansy domohospodarstv providnykh krain svitu: Navchalnyi posibnyk [Finances of Households in the Leading Countries of the World]. Lutsk, Vezha-Druk, 172. [in Ukrainian].

4. Lavreshov, A. Yu. (2016). Suchasnyi dosvid rozvytku podatkovykh system v zarubizhnykh krainakh [Current experience of the development of tax systems in foreign countries]. Menedzher. Manager, 3, 39–45 URL : http://nbuv.gov.ua/UJRN/Nzhm_2016_3_7 [in Ukrainian].

5. 5. Pasichnyi, M. (2018). Fiskalna rezultatyvnist podatkovoi systemy Ukrainy [Fiscal Performance of the Tax System of Ukraine]. Visnyk Kyivskoho natsionalnoho torhovelno-ekonomichnoho universytetu. – Bulletin of the Kiev National Trade and Economic University, 3, 116–130. URL: http://nbuv.gov.ua/UJRN/ Vknteu_ 2018_3_11 [in Ukrainian].

6. Prots, N. V. (2016). Sutnist ta fiskalna rol mistsevykh podatkiv ta zboriv v umovakh reformuvannia biudzhetnoho ta podatkovoho zakonodavstva [The essence and fiscal role of local taxes and fees in the context of reforming fiscal and tax legislation]. Hlobalni ta natsionalni problemy ekonomiky – Global and national problems of the economy, 13, 536-541. URL : http://global-national.in.ua/archive/13-2016/108.pdf [in Ukrainian].

7. Derzhavna Kaznacheiska Sluzhba Ukrainy (2018). Zvity pro vykonannia biudzhetu. [Reports on budget execution]. URL : https://www.treasury.gov.ua/ua/file-storage/vikonannya-derzhavnogo-byudzhetu [in Ukrainian].

8. Podatkovi nadkhodzhennia do biudzhetu ta vytraty [Tax revenues and expenses] (2018). Z-Ukraina: statystyka, ekonomika, polityka, persony. – Z-Ukraine: statistics, economics, politics, personalities. URL : http://zet.in.ua/statistika-2/byudzhet/podatkovi-nadxodzhennya-do-byudzhetu-ta-vitrati/ [in Ukrainian].

9. Dokhody biudzhetu za sichen-cherven 2018 roku [Budget revenues for January-June 2018] (2018). Zvit Ministerstva Finansiv Ukrainy. – Report of the Ministry of Finance of Ukraine. URL: https://www.minfin. gov.ua [in Ukrainian].

10. Tsymbaliuk, I. O. & Mishchanchuk, O. O. (2014). Osoblyvosti vyznachennia podatkovoho navantazhennia na rivni derzhavy ta rehionu [Features of the definition of the tax burden at the level of the state and the region], Visnyk Khmelnytskoho natsionalnoho universytetu. Ekonomichni nauky. – Bulletin of the Khmelnitsky National University. Economic Sciences, 3(2), 101–106. URL: http://nbuv.gov.ua/UJRN/Vchnu_ekon_2014_ 3%282%29__23 [in Ukrainian].

11. Paying-Taxes 2018 (2018). World bank Group. URL: https://www.pwc.com/gx/en/paying-taxes/pdf/pwc_ paying_taxes_2018_full_report.pdf [in English].

12. Karlin M. I. (2014). Problemy rozvytku finansovoi systemy Ukrainy ta shliakhy yikh vyrishennia [Problems of the development of the financial system of Ukraine and the ways of their solution], Lutsk, 99–115.