EFFICIENCY OF THE TAX SYSTEM IN THE CONDITIONS OF TRANSFORMATION OF THE ECONOMIC AND INSTITUTIONAL ENVIRONMENT
Main Article Content
Abstract
Introduction. In the context of modern economic transformations, the efficiency of the tax system becomes one of the key factors ensuring financial stability and sustainable economic development of the state. The tax system plays an important role not only in forming budget revenues but also in regulating economic processes, stimulating business activity, and creating favorable conditions for investment and innovation development. The transformation of the economic and institutional environment, the digitalization of the economy, and the strengthening of institutional mechanisms of public administration require the improvement of tax policy instruments and the modernization of tax administration mechanisms.
Purpose. The purpose of the research is to analyze the efficiency of the tax system in the conditions of transformation of the economic and institutional environment and to substantiate the directions for its improvement taking into account modern economic challenges and the need to optimize the tax burden.
Results. The article examines theoretical approaches to defining the essence and role of the tax system in the functioning of the national economy. The main factors influencing the efficiency of the tax system are identified, including tax policy, the level of tax burden, the effectiveness of tax control, and the institutional capacity of fiscal authorities. The dynamics of tax revenues to the state budget of Ukraine for the period 2022–2025 are analyzed, which made it possible to assess the fiscal efficiency of the tax system and identify the main trends in its development. The study proves that the growth of tax revenues is associated with the recovery of economic activity, improvement of tax administration mechanisms, and implementation of digital technologies in the tax sphere.
Originality. The scientific novelty of the study lies in the comprehensive assessment of the efficiency of the tax system in the context of the transformation of the economic and institutional environment and in the substantiation of directions for improving tax policy through the optimization of the tax burden, strengthening institutional mechanisms of tax control, and the development of digital tools in tax administration.
Conclusion. It is established that increasing the efficiency of the tax system requires a balanced combination of fiscal interests of the state and economic interests of taxpayers. In the conditions of transformation of the economic and institutional environment, it is necessary to improve tax policy instruments, develop digital technologies in tax administration, and strengthen the institutional capacity of fiscal authorities. The implementation of these measures will contribute to increasing the efficiency of the tax system, strengthening the financial stability of the state, and ensuring sustainable socio-economic development.
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