In February, the State Tax Service exceeded the plan for revenues from taxes and fees to the general state budget fund by $100 million, or 7.1%. The total revenue for the administration of which the STS is responsible amounted to $1,5 billion, as the STS press service reports.
In late January, I promised that the tax would fulfill the plan for budget revenues for February. The result that we demonstrated speaks for itself. I want to assure everyone that we are not going to rest on our laurels, so we will continue to keep the high bar that we ourselves have set. Whatever happens around us, the tax one will do its job more efficiently," Serhiy Verlanov, chairman of the STS, said in connection with this.
Also, the State Tax Service emphasized that in February the state budget received 27.6%, or UAH 8.0 billion, more than in February 2019
It is noted that last month, the main source of overfulfillment of revenues was VAT revenues due to increased administration efficiency and the introduction of an updated tax risk monitoring system when registering tax invoices. They amounted to $100 million, which is $77 million, or 9.8%, more than in February 2019.
In addition, the tax authorities noted that in February, as part of the fight against the shadow market of excisable goods, the indicators on alcohol (142.2%), alcoholic beverages (111.3%), beer (127.0%) were fully implemented ) and tobacco products (100%)
As we reported before, The law #440-IX has come into force on introduction of the new format of work of customs and tax service within the administrative reform.
The law imposes the new format of the activity of the State Customs and Tax Services of Ukraine as a single legal entity. Due to this fact, their territorial bodies will hold the activity not as legal entities of public law but as distinct detachments.