FACTORS AND PREREQUISITES FOR THE IMPROVEMENT OF THE TAX ADMINISTRATION SYSTEM IN THE CONTEXT OF DIGITALIZATION AND FINTECH DEVELOPMENT IN UKRAINE

Abstract

The fintech system is a relevant and important component of society's life, as it concerns the use of digital technologies in all business processes, including in the field of taxation. Digital technologies in tax administration contribute to more comfortable and convenient interaction between taxpayers and tax authorities, reducing administrative costs, and increasing the efficiency of tax administration. Various means of digitization, such as electronic tax declarations, online payments, electronic receipts and others, make the process of tax administration more transparent and efficient.
The article highlights the factors and prerequisites for the development of the fintech system in tax administration in Ukraine. The article describes the main directions of digitalization of the domestic tax administration system. The peculiarities of the functioning of the taxpayer's electronic office, the online service "Pulse", the chat-bot "Infotax", and the E-excise system are characterized in the article. Perspective directions of digitalization in the field of taxation in Ukraine are defined.
This article determined the main advantages and disadvantages of the digitalization of the tax administration system in Ukraine. The reduction of costs for the administration of tax payments and the improvement of the efficiency of the work of tax authorities are the main advantages of the digitalization of tax administration. Significant budget expenditures for the modernization and implementation of digitization projects for the tax administration system are the main disadvantages. The main threat is related to the risk of cyber-attacks on electronic databases and information systems, which can lead to the unauthorized leakage of confidential information about taxpayers and the peculiarities of their economic activities.