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Rivne region: almost 579 million UAH is the contribution of small business to local budgets

, published 04 November 2020 at 17:28

Main Directorate of the STS in Rivne region reported that business entities registered on the simplified taxation system paid 578.6 million UAH of the single tax to local budgets of Rivne region during 10 months of 2020.

According to Deputy Head of Main Directorate of the STS in Rivne region Nadiya Druzyuk, local communities of Rivne region have additionally received 32.5 million UAH of the single tax comparing to 10 months of 2019.

Legal entities – simplifiers transferred 77.8 million UAH of the single tax. Share of paid tax by individuals – entrepreneurs amounted 427.1 million UAH, which is a total of 81% of revenues. Agricultural producers - single tax payers of Group IV paid 73.6 million UAH.

Reminder! Single tax is a payment which is transferred in full to local treasuries. Therefore, local communities can use it to develop their infrastructure.