“Large taxpayer of the Large Taxpayers Office of the STS declared almost 11.5 billion UAH of the value added tax for payment in October 2020, which is 0.8 billion UAH or 7.7% more than in September 2020.” – stated Mykola Chmeruk.
In October 2020, enterprises of such branches of economy as:
- mining industry declared more than 2 billion UAH, which is 0.5 billion UAH of the VAT or 38.2% more than accruals during the previous reporting month (1.5 billion UAH);
- transport, postal and courier activities declared 1.4 billion UAH, which is 0.2 billion UAH or 19.2% more than results of financial and economic activities in September 2020 (1.2 billion UAH);
- supply of electricity and gas declared 1.4 billion UAH, which is 0.1 billion UAH of the VAT or 10.3% more than accruals during the previous reporting month (1.3 billion UAH).
It should be noted that comparing to financial and economic activities in October 2019, sales volumes on the territory of Ukraine have increased by 5%. At the same time, the value added tax accruals have increased by 22%.
Due to the outstripping growth rate of the VAT accruals for payment of taxable operations, the tax return for large taxpayers has significantly increased comparing to the same period in 2019, namely by 0.44 percentage points and remains the highest in Ukraine (from 2.74% of financial and economic activities in October 2019 to 3.18% - in October 2020). Also, comparing to the declaration in September 2020, the tax return has increased by 0.10% (tax return in September 2020 amounted to 3.08%, in October – 3.18%).