Taxpayers of Ivano-Frankivsk region paid 590.6 million UAH of the value added tax to state budget during 5 months of 2020, which is 42.2 million UAH more than revenues during the same period in 2019. This was reported by the Main Directorate of the STS in Ivano-Frankivsk region.
Particularly, legal entities paid 564.3 million UAH of the VAT to budget and 26.3 million UAH of this tax was paid to treasury by individuals – entrepreneurs.
It should be noted that 4486 VAT payers were registered as of 01.06.2020 in Ivano-Frankivsk region, including 3835 legal entities and 651 individuals.
Please note that the Law of Ukraine as of 16.01.2020 №466-IX “On amendments to the Tax Code of Ukraine to improve tax administration, eliminate technical and logical inconsistencies in tax legislation” amends the Tax Code of Ukraine, namely, introduced a unified single tax reporting period for the value added tax payers.
According to the amendments to Article 202 of the TCU, a tax period equal to a calendar month has been established for the VAT payers. That is, the quarterly reporting period for single tax payers has been canceled. Therefore, the value added tax reporting by all payers of this tax is submitted for a calendar month.
In addition, the VAT payers please note that June 22, 2020 is the last day for submitting the value added tax declaration for May 2020.
