Budgets of all levels received 1 billion 375 million UAH of the personal income tax from wages of legal employees, as well as from other official incomes of Volyn citizens during January – April 2020.
Despite the slowdown in economic processes due to the COVID-19 pandemic, the dynamics of PIT payment in the region is still positive: the region paid 7.5% more of this tax comparing to the actual PIT revenues during January – April 2019.
“Provided that the practice of wages in the “envelopes” is a thing of past, communities will not experience a deficit of budget revenues. It is the personal income tax, ie deductions from wages or other legal income that has the greatest impact on the state regarding financial stability of communities. Therefore, legal business and official jobs are the basis of the budgetary success of united territorial communities” – emphasized acting Head of Main Directorate of the STS in Volyn region Oleh Hyrykovych.
Tax official also emphasized that the STS specialists always qualitatively and timely process information about the facts of non-compliance with the requirements of tax legislation by employers, if there are grounds – take a set of control and verification measures.
“Restrictive measures due to the pandemic do not envisage the right not to pay personal income tax or ignore other tax and labor laws. We ask community leaders to be attentive to the use of hired labor and actively explain the benefits of formal employment to citizens.” – noted Oleh Hyrykovych.