Business entities registered on the simplified taxation system transferred 1.130.8 million UAH of the single tax to local budgets of Kharkiv region during January – April 2020. This is 119.7 million UAH (+ 11.8%) more than during the same period in 2019.
Single tax is a taxation system which small business entities willing choose. Therefore, a significant share of revenues is provided by business entities – individuals. They paid 857.6 million UAH during January – April 2020. An increase of 103.7 million UAH (+ 13.8%) was achieved comparing to 2019.
It should be noted that the single tax is fully directed to local budgets, so that local communities have the opportunity to use funds for their development.