According to the results of submitted reporting for 9 months of 2020, enterprises – income tax payers submitted 224 income tax declarations, in which more than 13.2 billion UAH of income was declared and 100.1 million UAH of income tax was accrued. Therefore, for the 3rd quarter of 2020, the taxpayers are obliged to pay 46.2 million UAH to the consolidated budget (including 41 million UAH to the state budget). This was reported by Head of Main Directorate of the STS in Chernivtsi region Vitalii Shpak.
Among the main industries that declared the highest percentage of income tax is the processing industry, representatives of which declared 37.8% of accruals. The second place is occupied by wholesale and retail trade – 28.2%. Also among the main industries are electricity, gas, steam and air conditioning supply companies – 7.3% and construction companies – 7.3%.
At the same time, Main Directorate of the STS in Chernivtsi region noted income growth of 94.8%; the growth rate of income tax is 138.5% comparing to the corresponding period in 2019. Summing up the corporate income tax declaration for 9 months of 2020, it should be noted that the tax efficiency is declared at 0.74% comparing to 0.57% for 9 months of 2019. Increase in the level of tax return was declared by 73 business entities.
Herewith, 17 enterprises declared unprofitable activities with the total amount of losses, namely 271.8 million UAH. However, the Main Directorate of the STS in Chernivtsi region noted that work aimed at reducing losses continues. Tax authorities outlined this year’s positive dynamics in reducing the number of unprofitable contingents. As a result, 10 taxpayers left the “non-profit” category and reduced amount of losses by 343 million UAH (in the 1st half of 2020 this amount was 614.8 million UAH).