Taxpayers of Ternopil region transferred 2 billion 988.7 million UAH of the personal income tax during January – September 2020. Revenues have increased by 180 million 619.4 thousand UAH or 6.4% comparing to the corresponding period in 2019.
Of the total amount of this tax, local treasuries received 2 billion 231 million 524 thousand UAH. Taxpayers transferred 757 million 222.3 thousand UAH of the personal income tax to the state budget.
Most of this payment was transferred to the local treasury by agricultural entities, hunting and related services. They transferred 298 million 966.7 thousand UAH of the personal income tax, which is 12.9 million UAH more than during January – September 2019. Industry representatives paid 255 million 350.6 thousand UAH of the PIT. Individuals working in the trade sector transferred 135 million 875.8 thousand UAH of the PIT, which is 8.8 million UAH more than during January – September 2019.
It should be noted that the personal income tax occupies more than 80% in the regional budget’s revenues and is the main source of their growth. Therefore, the reserves of additional tax revenues are primarily related to the increase of officially employed population and increase of the average salary, legalization of its real level.