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Business paid more than 1.8 billion UAH of the value added tax during 9 months of 2020 in Kirovohrad region

, published 12 October 2020 at 14:32

Main Directorate of the STS in Kirovohrad region noted a positive dynamics in terms of increasing VAT revenues due to the high level of honest tax payment made by regional taxpayers.

The VAT revenues to the state budget of Ukraine amounted 1 billion 806 million 220 thousand UAH during January – September 2020, which exceeds level of revenues during the corresponding period in 2019 by 212.3 million UAH or more than 13%. The indicative figure was fulfilled by 106.7%.

In addition, the Tax service takes measures to quickly process risky operations of business entities and prevent possible non-payment risks of the value added tax.

As of today, its share in the state treasury revenues is about 50%.