Main Directorate of the STS in Chernivtsi region reported that 39.7% of all revenues to the state budget consisted the value added tax which was transferred in the amount of 806.4 million UAH, business entities transferred more than 806.4 million UAH. This amount exceeds revenues in 2018 by 136.8 million UAH or by 20.4%. Year-on-year indicators of the region exceeded 103.1%.
As of the reimbursement, in 2019 the number of 120 enterprises of the region (producers and exporters of products) declared 214.7 million UAH of the value added tax budget reimbursement. As of the beginning of January 2020, more than 214.0 million UAH of the value added tax was reimbursed from the budget without any delay.
It is noteworthy that 98.2% of the VAT declared for the reimbursement was refunded automatically; this is potential for timely replenishment of its working capital and one of the preconditions for the development of production. 3.9 million UAH declared for reimbursement by 36 taxpayers was biased in 2019.
It should be noted that today there are 2109 legal entities and 277 individuals-entrepreneurs of the VAT taxpayers in the region. In general, in 2019 the number of the VAT taxpayers has increased by 14 entities.