Ukrainians declared UAH 94.5 billion [$3.5 billion] in income tax last year, 13% more than in 2018

Monday, July 20, 2020
Ukrainians declared UAH 94.5 billion [$3.5 billion] in income tax last year, 13% more than in 2018

Ukrainians declared UAH 94.5 billion [$3.5 billion] in income tax last year, 13% more than in 2018, reports the State Tax Service. Almost 505,000 Ukrainians filed their declarations by June 30, the deadline extended due to coronavirus. There are 20 million working age Ukrainians, but most to not earn enough official income to pay tax. Last year’s inflation rate was 8%.

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