UAH 242 bln transferred to local budgets this year

"According to the State Tax Service, over the first 11 months of 2019, UAH 242.3 billion in taxes and fees administered by the tax authorities was paid to local budgets. The increase in revenues came from the budget forming taxes of local budgets," the report reads.

In particular, annual income tax revenues approved by local councils have already been over-fulfilled by UAH 401.4 million in January-November. With the annual target being UAH 9.565 billion, payers have already transferred UAH 9.967 billion of this tax. At the same time, UAH 62.8 million in income tax revenues is still expected in December.

A similar trend is observed with respect to a single tax, with UAH 28.7 billion already paid (the target is UAH 27.7 billion). In December, local budgets are to receive another UAH 1.1 billion from a single tax.

op