Local budgets of Sumy region received 4691.2 million UAH during 9 months of 2020. Revenues have increased by 3.6% or 164.3 million UAH comparing to January – September 2019.
Budget-forming taxes in local budget revenues during the reporting period of 2020 are the personal income tax and land payments.
Thus, 3.141.9 million UAH of the personal income tax was paid during January – September 2020, which is 182.2 million UAH more than during the corresponding period in 2020. Amount of 602.0 million UAH of the property tax was also received in the part of land payment.
Along with this the single tax is important source of income for local communities. Thus, 537.9 million UAH of the single tax was received from small and medium-sized business entities. In particular, individuals paid almost 345 million UAH of the single tax, legal entities – 193 million UAH.
Local budgets received 543.8 million UAH of the tax payments, which is 55.6 million UAH more than during the corresponding period in 2019.
