Main Directorate of the STS in Chernivtsi region reported that enterprises – income tax payers submitted 2952 income tax declarations for 2019 indicating more than 23.8 billion UAH of income and amounting 172.4 million UAH of the income tax. This amount of tax exceeds the similar charges for 2018 by 14.1 million UAH.
In total, 68 enterprises declared unprofitable activities for 2019 for a total loss of 677.5 million UAH. Compared to 2018, the number of unprofitable enterprises has decreased by 88 and the amount of losses by 1328.3 million UAH.
Herewith, 106 enterprises have left the unprofitable activity, declaring 4.6 million UAH of the income tax and 21 enterprises reduced losses by 184.4 million UAH.
At the same time, tax specialists are concerned about the fact that the newly created unprofitable activity was declared by 18 taxpayers and losses in the amount of 42.3 million UAH.
Main Directorate emphasizes that in order to prevent “minimization” and optimization of tax revenues, all income tax declaration indicators are carefully analyzed during audits, and in case of risks, they will be undergoing documentary audits.
According to the tax specialists, all audit results confirm many “artificial loss” facts, so the last year tax auditors reduced the negatively declared value of the income tax object, which further affects the income tax payment by 25.6 million UAH, and for the two months of this year already by 7.9 million UAH.