Enterprises of Ivano-Frankivsk region transferred 572.5 million UAH of the income tax to the consolidated budget during January – September 2020. The state budget received 513.4 million UAH of the income tax; local budgets received 59.1 million UAH. This was reported by Main Directorate of the STS in Ivano-Frankivsk region.
Reminder! Procedure for calculating and paying the corporate income tax is defined in Article 137 of the Tax Code of Ukraine. The tax is accrued by the taxpayer independently at the rate specified in Article 136 of this Code from the accrual base determined according to Article 135 of this Code. The main (basic) corporate income tax rate is 18%. Tax (reporting) periods for corporate income tax are the calendar quarter, half-year, three quarters and year. Tax declaration is calculated with the cumulative total. Taxpayer is obliged to pay amount of tax liability specified in the tax declaration submitted by him / her within 10 calendar days following the last day of relevant deadline provided by the Tax code for submitting tax declaration.