Evaluation of revenue forecasting of excise tax on imported excisable goods in Ukraine in 2019-2021
This publication analyzes the Ministry’s of Finance methodical framework of revenue forecasting of excise tax on imported excisable goods (products) in Ukraine. Using information on the import of goods, which was received from the State Statistics Service of Ukraine and the norms of the Tax Code of Ukraine, it was estimated revenue forecasting of the imported excise tax in the context of the objects of taxation.
Also it is presents the comparative analysis of revenue forecasting of excise tax on imported excisable goods, made by FEAO and Ministry of Finance of Ukraine, as well as those specified in the Law of Ukraine “On the State Budget for 2019”. As a result, it was submitted a list of key explanation of the any deviations in the examined forecasts.
However, it has been found, that the Methodology needs to be revised, because it is outdated and doesn’t take into account certain current tax legislation.
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