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Small business significantly fills the budget of Ternopil region

, published 25 February 2020 at 11:44

In January 2020, more than 84.6 million UAH of the single tax was transferred to the local budgets of Ternopil region by the business entities that are registered on the simplified taxation system. Revenues of this payment have increased by 7.9 million UAH or + 10.3 % compared to the corresponding period of 2019. In general, share of the single tax in local budgets accounts almost a quarter of all revenues.

More than half of the single tax revenues were transferred by private entrepreneurs. They transferred 44.1 million UAH to the local treasuries in January 2020 – this is 4.6 million UAH more than in 2019.

Legal entities supplemented budgets by paying 7.4 million UAH of the single tax. Revenues growth from legal entities have amounted almost 3 million UAH or + 36.6% compared to 2019.

Business entities with a fixed tax (Group IV of the simplified taxation system) transferred 33.1 million UAH to the budgets – this is 1.3 million UAH more than in the same period 2019.