Budgets of all levels received 1.8 billion UAH of the personal income tax during January-February 2020. Revenues growth has increased by 228 million UAH or 14.7% compared to the same period in 2019.
Of the total amount of this tax, 451 million UAH was paid to the state budget – which is 72 million UAH or 14% more than in January-February 2019. Taxpayers, in turn, paid 1.3 billion UAH of the personal income tax to the local budgets of Odessa region – which is 174 million UAH or 15.1% more than in 2019. It is also one of the main financial resources for the local budgets of Odessa region, accounting 42% of the total revenues.
Main Directorate of the STS in Odessa region draws employers’ attention to the need of formal registration of labor relations with employees, since Article 43 of the Constitution of Ukraine provides the right of every citizen to work which guarantees official employment. Thus, according to the specified Article, every citizen has the right to proper, safe and healthy working conditions and salary not lower than the one stipulated by the law. Only such conditions will provide citizens with social guarantees and decent retirement benefits in future.
Reminder! Order of the Ministry of Finance of Ukraine as of 14.01.2011 № 11 “On Budget Classification” with amendments, approved the following Classification of Budget Revenues of the Personal Income Tax:
11010100 – tax on income of individuals, paid by the tax agents, from the taxpayer’s income in the form of wages;
11010200 – tax on income of individuals on financial security, cash benefits and other payments received by the servicemen and individuals of ordinary and command personnel paid by the tax agents;
11010400 – tax on income of individuals, paid by the tax agents, from the taxpayer’s income other than wages;
11010500 – tax on income of individuals paid by individuals on the basis of annual declaration;
11010600 – fixed tax on income of individuals from business activities, accrued until January 1, 2012;
11010700 – receipts of restructured debt on payment of the personal income tax;
11010800 – interest income tax;
11010900 – tax on income of individuals from taxation of pension payments or monthly life allowance paid (recalculated) in accordance with the Tax Code of Ukraine as of 02.12.2010 № 2755-VI with amendments.
Herewith, according to the Directory on compliance of symbol of the reporting code of budget revenues classification, approved by the Order of the State Treasury Service of Ukraine from November 28.11.2019 № 336 with amendments, the classification code of budget revenues provides the following position:
11010501– personal income tax paid by individuals who are not obliged to submit declaration.
Details of new accounts for payments of taxes and fees are available in:
- the sub-site of the STS territorial bodies in Odessa region of the STS web portal in Section “Budget accounts” by link https://od.tax.gov.ua/byudjetni-rahunki/.
- the private part of the E-cabinet in menu “Status of budgetary payments”, the taxpayer has access to personal accounts for payment of taxes, fees and other payments. Accessing the specified menu, the summary information at the time of the request is displayed, containing information on each type of payment, particularly, current budgetary account, bank’s code, etc.