Despite the fact that in recent months the business has been quarantined due to the coronavirus pandemic, the taxpayers of Ivano-Frankivsk region during January-April 2020 paid 60 million UAH of taxes and fees more than during the same period in 2019. Thus, budgets received 3.8 billion UAH of taxes and fees paid by business entities from the beginning of 2020 of which 722 million UAH was paid during “quarantined” April 2020. This was reported by acting Head of Main Directorate of the STS in Ivano-Frankivsk region Yurii Yakymyshyn.
According to him, the state budget received 1.9 billion UAH of taxes. Revenues were mainly generated by payment of the value added tax in the amount of 500.1 million UAH which is 65.8 million UAH more than revenues during the same period in 2019; payment of the corporate income tax in the amount of 239.1 million UAH, revenues growth is 59.7 million UAH; payment of the personal income tax – 428.5 million UAH (+ 37.9 million UAH) and military levy – 116.2 million UAH (+ 10.9 million UAH).
In addition, the state budget received 537 million UAH of rent for the subsoil use. “It should be noted that during four months of 2020, business entities paid this payment by 200.2 million UAH less comparing to the same period in 2019 – stated acting Head of Main Directorate of the STS in Ivano-Frankivsk region. The main decrease reason in rental income was the decrease in average customs value of imported natural gas and the decrease in average price of Urals oil, which forms the actual selling price of oil and according to which monetary payment obligations are calculated. In turn, this was reflected in the state budget revenues with a deficit of 21.7 million UAH”
However, Yurii Yakymyshyn noted that the value added tax payers received reimbursement in the amount of 263 million UAH from the state budget, which exceeds the corresponding figure during 4 months in 2019 by 6 million UAH.
According to the official, local budgets, as well as the state budget received 1.9 billion UAH, which is 81.8 million UAH more than in 2019.
In general, community budgets were replenished with to the personal income tax, which was received in the amount of 1.3 billion UAH. This is 111.1 million UAH of this tax more than in 2019.
Next in revenues terms was the single tax which small and medium-sized business representatives paid in the amount of 261 million UAH. Amount of revenues from “simplifiers” increased by 14.5 million UAH. Local budgets received 64 million UAH from the retail sale of excisable products, which is 9.7 million UAH more than in January-April 2019.
Regarding the revenues of land tax and real estate tax other than land, according to Yurii Yakymyshyn took place their expected decrease. Specifically, the landowners paid 167.5 million UAH of the land tax, which is 26.8 million UAH less than in 2019. Amount of 33.2 million UAH was paid by the real estate owners, which is 0.5 million UAH less than revenues in 2019. Tax official reminded that in order to support taxpayers during the period of implementation measures aimed at preventing the occurrence and spread of the coronavirus disease COVID-19, the Tax Code of Ukraine was amended in accordance with which the business entities are exempted from paying these taxes in March 2020.
Also, rent revenues decreased by 10.4 million UAH and amounted 31.9 million UAH – the decrease reasons are similar to the state budget.
In addition, 1.8 billion UAH of the single social contribution was paid to the Pension Fund by business entities, of which 398 million UAH in April 2020. Amount of revenues of the single social contribution increased by 136.8 million UAH comparing to the same period in 2019.
“It is known that in Ukraine as well as around the world against the background of spread of the coronavirus COVID-19 there was taken measures to support the economy, respectively the Government has provided a number of tax benefits for business entities. Most innovations will have a negative impact on community budgets, as most benefits come from local taxes. Revenues to the Pension Fund will also decrease. However, it is too early to summarize the budget losses due to spread of the COVID-19 – summarized Yurii Yakymyshyn – We need to remember that taxes are a significant source of budget revenues, financial security of the country and communities depends on the conscientious obligation to pay taxes by business entities and residents.”