According to Acting Head of Main Directorate of the STS in Chernivtsi region Natalia Chernivchan, the consolidated budget received 4 billion 461.2 million UAH of taxes controlled by the STS during 10 months of 2020. Fulfillment of the indicative figure was exceeded by 97.3 million UAH or 102.2%. The growth rate of revenues is 106.8% or 283.2 million UAH comparing to January – October 2019.
According to Natalia Chernivchan, a convincing result of taxpayers’ cooperation with tax specialists is revenues of October 2020. With an indicative of 453.2 million UAH, the budget received almost 510 million UAH or 112.3% of the expected figure.
Out of the total amount of tax payments during 10 months of 2020, specifically 1 billion 780.8 million UAH was transferred to the state budget and 2 billion 680.4 million UAH – to local budgets.
It should be noted that according to the amount of payments, the main sources for replenishment of the state treasury during January – October 2020 were: the value added tax which was paid in the amount of 755.5 million UAH, personal income tax – 610.2 million UAH, income tax – 162.3 million UAH and military levy – 182.7 million UAH.
As for local budgets’ revenues, traditionally the biggest share belongs to the personal income tax, which was paid in the amount of 1 billion 773 million UAH.
In addition, there is a positive dynamics of revenues and other taxes to local budgets. A total of 296.0 million UAH of land fees was paid during 10 months of 2020; as well as almost 390.6 million UAH of the single tax; 93.2 million UAH of the excise tax on sale of excisable products by the retail trade entities.
