Due to official salary and other legal incomes of Volyn residents, amount of 2.8 billion UAH of the personal income tax was paid to the budget during January – August 2020. As follows, on average budgets of all levels receive 350 million UAH of the personal income tax per month.
Of the total amount of paid personal income tax in Volyn region, the state budget received 715.9 million UAH; more than 2 billion UAH was transferred to local budgets.
“Despite difficulties due to the coronavirus pandemic, there is a positive dynamics of the personal income tax revenues in Volyn region. Since the beginning of 2020, this is 2.8% of paid PIT more comparing to the corresponding period in 2019. That is, most business entities, despite the economic problems, continue to meet their obligations to the budget and employees, paying legal wages” – stated Head of Main Directorate of the STS in Volyn region Svitlana Savchuk.
According to specialists of regional Tax service – the main amount of PIT revenues is credited to local budgets, so these are the community leaders who should be as interested as possible in the full legalization of all business initiatives and working places.
“Everyone who works legally makes a monthly financial contribution to Ukrainian well-being, as well as community and security of our country. At the time when country needs funds to implement highly relevant socio-economic programs and finance defense measures, only legal work not only fills the budget but also guarantees the employee his / her social benefits in difficult life situations in the process of retirement.” – summarized Svitlana Savchuk.