Information reference on the budget revenues in January – October 2021

(general fund of the state budget, operational data)

Strategic goals of the State Tax Service are unchanged and clear. State Tax Service remains a reliable partner for honest taxpayers.

Budget revenues exceed both certain indicators and indicators of the corresponding period last year.

Result:

October 2021:

Indicative figure – 37.3 billion UAH (taking into account an increase of the indicator by 2.5 billion UAH, including the income tax by 1.9 billion UAH and the VAT (balance) by 0.6 billion UAH);

In fact – 38.6 billion UAH.

Comparing to last year: +6.5 billion UAH or 20.1%.

Over-fulfillment is + 1.2 billion UAH

Including the VAT:

Indicative figure (balance) – 12.3 billion UAH;

In fact – 14.4 billion UAH.

Comparing to last year: + 3 billion UAH or 26.8%.

Over-fulfillment is + 2.1 billion UAH or 16.7%.

January – October 2021:

Indicative figure – 465.0 billion UAH;

In fact – 488.2 billion UAH.

Comparing to last year: + 68.7 billion UAH or +16.4%.

(excluding the profit part and dividends + 107.2 billion UAH or +30.3%)

Over-fulfillment is + 23.2 billion UAH

Including the VAT (January – October 2021):

Indicative figure (balance) – 116.2 billion UAH

In fact – 128.2 billion UAH

Comparing to last year: + 31.8 billion UAH or by 33.0% more!

Over-fulfillment is + 12.0 billion UAH or + 10.3%

Growth rate of the VAT revenues exceeds the growth rate of supply by 3.8 percentage points.

The VAT reimbursement to taxpayers amounted to 124.7 billion UAH during January – October 2021, that by 8.5 billion UAH or 7.3% more than in the corresponding period of 2020.

87.2 billion UAH or 15.1% are remained to be fulfilled by the annual target of general fund of the state budget.

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