Single tax accrued to small business is a tax payment that has been steadily and substantially increasing and replenishing local budgets.
As follows, Main Directorate of the STS in Mykolaiv region ensured 193.4 million UAH of the single tax to local budgets in January-February 2020. This was reported by acting Head of Main Directorate of the STS in Mykolaiv region Dmytro Prokofiev.
According to him, entrepreneurs registered on the simplified taxation system increased payment of the single tax in comparison with the same period of 2019 by 21.3 million UAH. Specifically, individuals – entrepreneurs paid 121.8 million UAH of the single tax; legal entities – 25 million UAH; agricultural producers – 46.6 million UAH.
“Share of the single tax is 17.2% in the general fund revenues of local budgets in terms of payments administered by the Tax service of Mykolaiv region. Revenues growth from the single tax to local budgets of Mykolaiv region is a testament of proper provision of services to the taxpayers, provision of comfortable and non-burdensome conditions for doing business on the simplified taxation system” – stated Dmytro Prokofiev.