32.1 million UAH of personal income tax has been received by the budgets of the Volyn region, which is 9.2 million UAH, or 7.5 percent, more than in the corresponding period last year. This was reported by the head of the main department of finance of the Volyn Regional State Administration, Vasyl Hrom. As Vasyl Hrom notes, the results of work for the first quarter confirm the correctness of the direction of the budget policy of the President of Ukraine and the government toward easing the tax burden on the state's economy. Despite the reduction in the tax rate on personal income, its revenues did not decrease, but on the contrary — increased, which indicates a systematic growth in citizens' incomes and the partial withdrawal of wages from the shadow turnover — its payment in so-called "envelopes," that is, without taxation.F Based on the results of the quarter, the implementation of the region's budgets was practically ensured for all sources of revenue, except for the tax on profits of enterprises of communal ownership, of which 290.3 thousand UAH was short-received, and the fee for state registration of business entities — 13.4 thousand hryvnias. The shortfall in profit tax was allowed in the cities of Kovel, Lutsk and Novovolynsk. In the current year, more effective interaction of executive authorities with base-level councils is observed, as a result of which, compared to the corresponding period last year, the number of village councils that failed to ensure the implementation of the revenue part of their budgets has significantly decreased. Based on the results of the first quarter, the village budgets of Velykokurinska of Liubeshiv, Velykoosnytska, Novorudska and Horodotska of Manevychi, and four village councils — Sedlyshchanska, Starohutivska, Halynovilska and Smidynska — of Starovyzhivskyi district remained unimplemented.
Personal income tax revenues in Volyn Oblast rose by 7.5 percent in the first quarter
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