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Business representatives of Trans Carpathian region transferred almost 627 million UAH of the income tax

, published 31 January 2020 at 17:56

Taxpayers of Trans Carpathian region transferred 626.9 million UAH of the income tax to the consolidated budget during 2019. Compared to 2018, revenues have increased by 141.9 million UAH or 29%. This was reported by the Main Directorate of the STS in Ivano-Frankivsk region.

The state budget received 563.1 million UAH – this is 128.2 million UAH more than in 2018. Local budgets received 63.9 million UAH this amount exceeds figure of 2018 by 13.7 million UAH.

Particularly, 173.4 million UAH of the income tax was transferred from business entities of Ivano-Frankivsk city; business entities registered in Kalush Directorate of the State Tax Service of Ukraine transferred nearly 69 million UAH of the income tax; business entities of Tysmenytskyi Directorate - 41.8 million UAH; business entities of Dolyna Directorate - 39.9 million UAH; Kolomyia Directorate - 31.5 million UAH; Nadvirna Directorate - more than 12 million UAH.

It should be reminded that the corporate income tax belongs to the nationwide. 10% of this payment is transferred to the local treasury. In addition, the corporate income tax of communal property and financial institutions is fully credited to the budgets of cities, districts and united territorial communities.

The tax rate is 18% and is calculated by the taxpayer independently on the tax base - income with source of origin both from Ukraine and abroad.