Tax revenues has amounted more than 100% of planned during January-September 2019!

Press service of the State Tax Service of Ukraine, published 02 October 2019 at 11:04 Chapter: News

For the 9 months of 2019 the Tax service has ensured 331.1 billion UAH that is 15.8% or 45.3 billion UAH more compared to the same period last year to the state budget.

“According to qualitative tax administration we were able to fulfil he budget revenue plan for January-September 2019. It should be noted that the new approaches in the work of the Tax service allowed to fulfil the pan using risk-indicators, significant strengthening of the analytical function, working out of the sector of minimizers without forceful pressure on entrepreneurs. The new Tax service is already demonstrating improvement of efficiency even in a time of transformational changes” – stated Serhii Verlanov.

Indicative figures for the STS are set at 330.3 billion UAH over January-September 2019. This means that the plan has been exceeded by 0.8 billion UAH.

In addition to revenue from a portion of the net income this result was achieved by:

the personal income tax and levy (+3.9 billion UAH);

the income tax (+3.3 billion UAH) within the reduction of the overpayment to the state budget by 4.9 billion UAH.

It should be emphasized that the STS ensures a stable and uninterrupted budgetary reimbursement of the VAT, so that the amount of reimbursement has increased by 20.3% or by 19.8 billion  UAH over as a result of 9 months of 2019 compared to the same period of 2018.

The annual indicative plan is also expected to be fulfilled.