Over January-October 2019, residents of Donetsk region paid 10.1 billion UAH of the personal income tax to the consolidated budget of the country. Growth of revenues over the respective period in 2018 was almost 24% or 2 billion UAH.
More than 2.5 billion UAH or a quarter of the paid personal income tax was directed to the state budget, which exceeds revenue in 2018 by 0.5 billion UAH.
The remaining funds, particularly 7.6 billion UAH, were directed to the local budgets of the region to finance community needs. This year increase in the local treasury revenues has amounted almost 1.5 billion UAH.
It should be reminded that the personal income tax (PIT) is paid at the rate of 18% of the accrued income and is applied to almost all types of citizens’ incomes: salaries, scholarships, incentive payments, payments under civil contracts, etc.
This tax is indicative for development of cities, towns and region as a whole. That is why Donetsk tax officials constantly carry out systematic work aimed at the elimination of such phenomena as payment of wages “in envelopes”, informal labor relations and payment of wages below the minimum level.