Local budgets of Rivne region received 5 billion 504 million UAH from the payment of tax liabilities during January – August 2020. This amount is 216.4 million UAH or 6.6% more than during the same period in 2019. This was reported by Head of Main Directorate of the STS in Rivne region Vitalii Chui.
According to him, traditionally the main source of revenues is the personal income tax. Local treasuries received almost 2.43 billion UAH of the personal income tax during January – August 2020. Top three revenues are the single tax – individuals and legal entities paid almost 461.8 million UAH. In addition, among the favorites is the the land tax; local budgets of the region received this tax in the amount of 294.6 million UAH.
Head of Main Directorate of the STS in Rivne region expressed gratitude to all taxpayers of Rivne region, who faithfully perform their duties in difficult business conditions.
Vitalii Chui also noted that the local budget revenues growth is the result of coordinated efforts of business representatives and all government branches to un-shadow the economy. After all, due to the stable growth of local budgets, communities can confidently plan and finance measures for development of territories within the given powers.