Taxpayers of Ivano-Frankivsk region paid 702.9 million UAH of the value added tax to the state budget during the 1st half of 2020 which is 41.0 million UAH more than revenues during the same period in 2019. This was reported by the Main Directorate of the STS in Ivano-Frankivsk region.
Specifically, legal entities transferred 671.8 million UAH of the value added tax; individuals – entrepreneurs transferred 31.1 million UAH to the budget.
It should be noted that as of the 1st of July 2020, the biggest amounts of the VAT revenues to the budget were transferred by the taxpayers registered at the Main Directorate of the STS in Ivano-Frankivsk region, namely 355.8 million UAH.
Reminder! The Law of Ukraine as of 16.01.2020 №466-IX “On Amendments to the Tax Code of Ukraine to improve tax administration, eliminate technical and logical inconsistencies in tax legislation” amended the Tax Code of Ukraine, particularly, a single reporting (tax) period is introduced for the value added tax payers.
In accordance with the amendments to Article 202 of the TCU, a tax period equal to a calendar month is established for the VAT payers. That is, the quarterly reporting period for the single tax payers has been canceled. Therefore, the value added tax reporting is submitted by all payers of this tax for a calendar month.
In addition, it should be recalled that the 20th of July 2020 is the last day for submitting the value added tax declaration. The 30th of July 2020 is the last day for the VAT payment for June.