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Ukraine’s budget revenue increased by 65% in February, and the gambling industry increased its tax payments by 370%.

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.

The receipt of taxes, fees, and mandatory payments to the general fund of the state budget of Ukraine in February amounted to ₴184.8B, 65.4% more than in January, the Ministry of Finance reported.

Revenues from the tax service increased by 78.4% to ₴107.4B, while income from customs decreased by 15.9% to ₴39.8B. Corporate income tax increased in February to ₴61B, rent income from various assets increased to ₴3.5B. At the same time, ₴31B came in the form of grants from Japan and Norway.

Overall, in February, ₴229B (against ₴147B in January) in taxes, fees, and other payments came to the general and special funds of the state budget.

Notably, in two months of 2024, gambling enterprises paid ₴2.2B in taxes, which is 370% more than in the same period last year. In January, the gambling business paid ₴400M in taxes, and in February ₴1.8B.

 

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