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The processing industry has become the leading budget contributor.

The processing industry has become the leading budget contributor.

The demand for imports can create 600 processing enterprises in Ukraine with a production capacity of $90B.

Through the first seven months of the year, the industry paid 17.1% of taxes and fees collected from enterprises across all sectors, the Tax Service reported. Also, processing companies showed the highest increase in tax deductions, by 50% or UAH 40.3B, in January-July 2022.

In second place in terms of the share of tax deductions to the budget is wholesale and retail trade; repair of motor vehicles and motorcycles with 16.5%. Then there is public administration and defense, mandatory social insurance with 14%.

However, as noted by the Tax Committee, the gambling industry failed to pay UAH 7B in 2022 taxes. Most gambling operators have emerged from the shadows and pay taxes. “But we must intensify pressure on the industry and constantly monitor their activities for compliance with the law and force them to pay the money owed for 2022,” said the head of the committee, Danylo Hetmantsev.

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