“Taxpayers of Ternopil region transferred 6 billion 482.7 million UAH of tax payments to budgets of all levels during 10 months of 2020, which is 9.5% more than expected. As a result, additional revenues amounted 564.4 million UAH.” – stated Head of Main Directorate of the STS in Ternopil region Ivan Punko. Payment has increased by 637 million UAH or 10.9% comparing to the corresponding period in 2019.
Tax official specified that the business entities of Ternopil region paid 2 billion 740.3 million UAH to the state budget during January – October 2020. This is 398.3 million UAH more than during January – October 2019 and 305 million UAH more than expected. In terms of basic payments, the most received was value added tax – 1 billion 300.7 million UAH and corporate income tax – 195.9 million UAH.
Most payments were transferred to the general fund of the Consolidated Budget of Ukraine by taxpayers of Ternopil city and Ternopil district, which is 2 billion 616.6 million UAH and 554.1 million UAH, respectively. Taxpayers of Husiatyn, Terebovlya, Pidvolochysk and Zbarazh regions also significantly replenished the treasury. They transferred 320.6 million UAH, 310.3 million UAH, 250.1 million UAH and 227.4 million UAH of tax payments, respectively.
Local budget’s revenues amounted 3 billion 742.4 million UAH, which is 238.6 million UAH more than during the corresponding period in 2019.
According to Head of Main Directorate of the STS in Ternopil region, the increase in payment of taxes indicates the awareness of Ternopil business of the social component of taxes and the need to ensure financial stability of the state during economic trials.