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Record declaration: almost UAH 11 billion was declared for payment by large payers.

According to the data of the Office of Large Taxpayers of the State Tax Service, the taxpayers in May 2020 declared to pay UAH 10.9 billion of value added tax, which is 1.8 billion UAH or 19.6% more than in April 2020. At the same time, the volume of transactions on the territory of Ukraine increased by only 2.3% compared to the previous period.

The tax return on WFP Office payers also increased significantly compared to the same period last year, an increase of 1.01 percentage points to 4.07%.

Also, it should be noted the monthly stable increase in tax returns in the current year:

-March – 3.16%

-April – 3.48

-May – 4.07%

The largest contribution to the filling of the budget for the payment of value added tax on the declaration for May 2020 was provided by enterprises of such sectors of the economy as:

  • wholesale and retail trade – UAH 2.1 billion, which is UAH 404.6 million, or 23.3% more than the results of financial and economic activities in April 2020 (UAH 1.7 billion).
  • processing industry – declared UAH 2.2 billion, which is UAH 357.5 million or 18.8% more VAT accruals for the previous reporting month (UAH 1.9 billion).

In the first five months of 2020, large taxpayers declared almost UAH 52 billion in value added tax and provided an increase of UAH 5.8 billion or 12.8% compared to the corresponding period of 2019.

During January-May 2020, due to a significant increase in accrued tax liabilities relative to the volume of taxable transactions, the tax return is steadily increasing compared to last year (3.28%) and is – 3.56%.

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