Business entities of Kharkiv region that are on the simplified taxation system transferred1871.9 million UAH of the single tax to local budgets of Kharkiv region during January – July 2020, which is 110.8% (+182.8 million UAH) more than during the same period in 2019.

Single tax is a taxation system that is readily chosen by small business entities. Therefore, a significant part of the income is provided by business entities – individuals. It should be noted that the single tax is directed in full to the local budgets of Kharkiv region, so local communities have the opportunity to use funds for their development.