Taxpayers of Ternopil transferred 163 million 554 thousand UAH of military levy to the state budget during 7 months of 2020 to increase the country’s defense capabilities. Revenues of this payment have increased by 6.4 million UAH comparing to January – July 2019. Payment exceeded expected revenues by 154 thousand UAH.
Residents of Ternopil region paid 24 million 769.9 thousand UAH of the “patriotic” payment in July 2020. As a result, revenues to strengthen the army’s defense capabilities have increased by 4.2 million UAH comparing to the corresponding period in 2019.
It is appropriate to emphasize that the military levy is accrued on income that is subject to the personal income tax according to tax legislation. Specifically, they include wages, other incentive and compensation payments, remuneration, rent, dividends, purchase and sale of movable and immovable property, etc.
Military taxpayers are resident individuals who receive income both in Ukraine and abroad, non-resident individuals who receive income in Ukraine, as well as tax agents. Accrued income is taxed at a tax rate of 1.5%. Amount of levy is credited to the state budget.