Personal income tax is the main source of filling local budgets. It occupies the leading position of 63.7% of the total amount of other taxes and fees in the structure of revenues. Therefore, revenues of this tax are indicative in terms of regional development as a whole.
Taxpayers of Chernihiv region paid 1.6 billion UAH of the personal income tax to the consolidated budget during January – April 2020. Of the total amount of personal income tax revenues, local budgets received 1.2 billion UAH, which is 10.7% more comparing to the same period in 2019. Regional local budgets additionally received 117.3 million UAH.
The state budget received 18.2 million UAH of the personal income tax, which is 40.5 million UAH more than during the same period in 2019.
In the structure of revenues, the biggest share (79%) is occupied by the personal income tax revenues paid by tax agents on the taxpayer’s income in the form of wages and the rest – tax revenues from the taxation of other individuals’ income (from leasing, renting, sale (exchange) of property, receiving dividends, etc.).
The average monthly wage in Chernihiv region amounted 8730 UAH in March 2020.
According to the latest reporting data (as of March 2020), 5095 business entities accrued average wages to the full-time employees below the statutory level (4723 UAH).
Main Directorate of the STS in Chernihiv region draws the attention of all employers that the minimum wage is a state social guarantee, mandatory across Ukraine for enterprises of all forms of ownership, management and individuals who use labor of employees, under any system of remuneration.
Taking into account all mentioned above, the Main Directorate of the STS in Chernihiv region urges all employers to comply with the labor and tax legislation.