Information reference on the income tax declaration results for the II quarter of 2021

Press service of the State Tax Service of Ukraine, published 11 August 2021 at 15:36 Chapter: News

(state budget, operational data)

Combination of favorable economic conditions and effective organization of the administration of income tax and VAT contribute to the growth of state budget’s revenues.

Due to the partial recovery of economy, rising prices in foreign markets, there was an income growth of the income taxpayers in the II quarter of 2021 by 35% comparing to the same period last year.

At the same time, effective STS’s opposition to the formation and use of fictitious tax credit and, accordingly, unjustified overstatement of expenditures, contributed to the growth in expected tax revenues by 95% (or 2.7 times more than taxpayers’ income growth due to favorable economic factors).

STS continues to work to ensure proper compliance with tax legislation by all subjects of economic relations, to ensure fair tax competition and thanks taxpayers for conscientious performance of their duties to society.

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