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Last year, the budget received more than ₴1.2 trillion in tax revenues.

Bank profit tax increased to 50% in 2023 and 25% in subsequent years.

Tax text in wooden cubes and tax or vat form documents to complete Individual income tax return form for payment to Government.

According to the State Tax Service, income (balance) to the consolidated budget in 2023 from taxes will amount to ₴1.213T. The Ministry of Finance of Ukraine’s budget indicators for the collected revenues from the state budget’s general fund were fulfilled 100.7%. At the same time, “₴132.4B of VAT was reimbursed to payers’ accounts“, the State Tax Service reported.

The tax agency noted that the indicators from the Ministry of Finance’s corporate income tax schedule exceeded 29.9% (+ ₴33.1B) and for excise duty on manufactured and imported goods increased by 15.9% (+ ₴14,2B).

In terms of basic payments, in 2023, income from tax and personal income tax increased by 18.6% (+ ₴27.6B), corporate income tax increased by 22.9% (+ ₴26.8B), excise tax on manufactured and imported goods by 30% (+ ₴25B).

Local budgets in the year 2023 received ₴430B, which is ₴37.3B, or 9.5% more than in 2022.

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