Ukraine joins the OECD Global Revenue Statistics Database – Ministry of Finance
The move is expected to improve data quality, consistency, and accessibility
Ukraine has joined the OECD's Global Revenue Statistics Database. It is now the 121st country to contribute information to this organisation, regarded as the most substantial open source of income data.
This was reported on the Ministry of Finance's website.
It was noted that both tax and non-tax revenues to Ukraine's budgets for the years 2012-2021 were classified according to OECD categories and a standard template. They include the ratios of various tax categories to GDP and the total revenue amount.
As the Ministry of Finance reports, the global revenue database provides comparative data on taxation levels, tax structures, and changes in revenues from individual taxes over time for the vast majority of countries worldwide.
Additionally, the regulator stated that the information would be updated annually with data from the previous year.
Background. It had been reported earlier that Ukraine wants to adhere to the OECD's recommendations concerning responsible supply chains for agricultural products.
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