Main Directorate of the STS in Rivne region reported that the single tax payers transferred 76.9 million UAH to the budgets of Rivne communities in January 2020 – this is 4.9 million UAH more than in the same period 2019.

The largest share of revenues was transferred by individuals–entrepreneurs who paid 48.6 million UAH of the single tax – this is 6.6 million UAH more than in January 2019.

Legal entities – “simplifiers” of Group III transferred 7.9 million UAH of the tax revenues to the territorial communities of Rivne region; agricultural producers transferred 20.4 9 million UAH.

Acting Head of Main Directorate of the STS in Rivne region Vitalii Chui stated that creating comfortable conditions for development and work of entrepreneurship in the region is a priority for the executive power, local self-government and tax service, since the single tax is a stable source of filling the local budgets of Rivne region.

Territorial communities received the largest single tax revenues from: Rivne city - 23.2 million UAH, Rivne district - 80.4 million UAH, Sarny district - 4.5 million UAH, Radyvyliv district - 4.4 million UAH.

It should be reminded that the maximum flat single tax rate for the simplified Group I is not more than 210.2 UAH and Group II cannot exceed 944.6 UAH. Single tax payers of Group III pay it at the rate of 3% from income in the case of the VAT or 5% of income if the VAT is included in the single tax.