Forbes Magazine Credits Oleksandr Klymenko with Key Ukrainian Tax System Reforms

Kiev, Ukraine (PRWEB) August 01, 2014

A detailed report in Forbes Magazine ( outlines the reforms instituted while Oleksandr Klymenko ( served as Ukraines Minister of Revenues and Duties. The officials innovations during his term in office have been already implemented and are de facto, ready-to-go solutions for carrying out further reforms. These include electronic reporting, service centers throughout the country and up-to-date monitoring centers to fight the countrys shadow economy.

Under Klymenkos administration (, significant strides were made in electronically streamlining the tax system and increasing the number of Ukrainian taxpayers using a digital platform.

In order to shift the tax system from a purely fiscal body to one with a consumer-friendly service orientation, Forbes noted that Klymenko opened over 500 taxpayer service centers throughout Ukraine. These were designed to improve citizens tax reporting and the quality of tax administration as well as to help citizens understand the tax system and the penalties for abusing it.

Klymenko, who served as Minister of Revenues and Duties from December 2012 to February 2014, established a Monitoring Center which provided his Ministry a powerful analytical tool and data support platform based on cutting-edge IT developments. Its intent was to increase tax efficiency while enabling maximum exposure and transparency. The Monitoring Center was implemented to combat tax fraud and evasion attempts. The Centers success is evidenced by a sharp increase in VAT collection into the Ukrainian Treasury.