Chernihiv business entities transferred more than 1.1 billion UAH of taxes and fees to budgets of all levels in August 2020.
49% of funds (543.6 million UAH) was allocated to the state budget. The increase comparing to 2019 has amounted 24.1% or 105.5 million UAH. Comparing to 2019, the personal income tax revenues and military levy have increased by 7.2% (+9.5 million UAH), income tax – by 3.5 times (+102.5 million UAH), VAT – by 10% (+16.5 million UAH).
Local budgets of all levels received 564.2 million UAH of taxes and fees in August 2020. The increase comparing to 2019 has amounted 7.4% or 38.7 million UAH.
Almost 57% – amount received by local budgets is the personal income tax (319.9 million UAH, which is 7.1% or 21.2 million UAH more than in 2019). About 18% – amount transferred to the budget is the property tax payment (for land, real estate and transport – 102.4 million UAH). Also important for budgets of territorial communities is the single tax on business activities (13.2% of the total amount) which was paid in the amount of 74.5 million UAH (almost at the level of August 2019). Excise tax on the sale of alcohol, tobacco and fuel was transferred in the amount of 22.7 million UAH (4% of total revenues).
Budget indicators approved by local council sessions in August 2020 have been fulfilled by 101.3% (+7.1 million UAH), which allowed to fully finance the planned expenditures on wages and development of territories.
In addition, insurers paid 404.9 million UAH of the single contribution to compulsory state social insurance, which ensured the revenues growth comparing to the same month in 2019 by 3.2% or 12.6 million UAH.