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Budget of Donetsk region received almost 2.5 billion UAH of the VAT

, published 29 November 2019 at 11:15

According to the results of 10 months of 2019, business entities of Donetsk region have ensured the budget with 2 457.6 million UAH of the value added tax.

Amount of received VAT from Donetsk business entities is 524.2 million UAH or 27% higher than the last year’s figures.

In terms of territorial communities, traditionally, Mariupol is the leader in the biggest revenues of the value-added tax. Mariupol entrepreneurs and companies have transferred almost 847 million UAH to the state budget. Business entities of Kramatorsk economic entities transferred 366.6 million UAH, Pokrovsky district - 257.9 million UAH and the city of Slavyansk ensured the budget by 222.5 million UAH of the value-added tax.

Electronic format for the VAT administration completely eliminates the subjective factor, so that Tax service in Donetsk region operates as transparently as possible. In addition, using the proper toolkit - the electronic Risk Assessment Monitoring System, the MD of the STS in Donetsk region effectively counteracts possible the VAT abuse by risky taxpayers.