Head Main Directorate of the STS in Kharkiv region Artem Yefremov reported that collection of value added tax to the state budget amounted to 7.175.1 million UAH during January – November 2020.

Revenues have increased by 1.481.5 million UAH (or 126.0%) comparing to the corresponding period in 2019. The indicated target was fulfilled by 113.4% and 847.5 million UAH was additionally provided.

Regional Tax service also reported that the Law of Ukraine as of 16.01.2020 № 466-IX “On Amendments to the Tax Code of Ukraine to improve tax administration, eliminate technical and logical inconsistencies in tax legislation” introduced a single reporting period for the VAT reporting, namely a calendar month (including the single tax payers).

Reminder for taxpayers – the 21^st of December 2020 is the last day for submitting the VAT tax declaration for November 2020.