Finance

Ukraine has joined the database of income statistics of the Organization for Economic Cooperation and Development.

Friday, May 19, 2023
Ukraine has joined the database of income statistics of the Organization for Economic Cooperation and Development.

As noted by the Ministry of Finance, Ukraine has become the 121st country that submits information to the largest open source of income data.

It is noted that tax and non-tax budget revenues from all levels of Ukraine for 2012-2021 are classified according to the OECD income categories and the standard template. They contain the ratio of various categories of taxes to GDP and to total revenue. The information will be updated annually with relevant data from the previous year.

This OECD initiative aims to improve income data quality, consistency, comparability, and availability. The Global Revenue Database provides comparative data on tax levels, tax structure, and changes in revenues from individual taxes over time for most countries in the world.

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