Based on the results of the implementation by the State Tax Administration in the Volyn region of the entire complex of measures carried out in 2003, revenues from profit tax to the state budget amounted to 68.5 million UAH, which constitutes 113.2 percent of the budget target set by the Ministry of Finance of Ukraine. Compared to 2002, profit tax revenues to budgets of all levels increased by 29.2% or 16.1 million UAH. This was reported by the first deputy head of the State Tax Administration in the Volyn region, Yeriy Koval. According to Yeriy Hryhorovych, the implementation of a number of measures to reduce the number of loss-making enterprises and to involve a larger number of taxpayers in payment is one of the important areas of work of the state tax service bodies. This work is being carried out with the aim of expanding the tax base, increasing the efficiency of loss-making enterprises, and ensuring maximum filling of the revenue part of budgets at all levels in the region. According to tax officials, the number of taxpayers paying profit tax tends to increase. Out of the total number of taxpayers who should pay this tax (5793 business entities (BEs)), 3837 business entities actually transfer the payment to the budget. The payment rate in the region is 66.2% (in Ukraine 64%). The number of enterprises that have no object of taxation decreased over the past year by 184 taxpayers and amounted to 200 BEs, or 3.5 percent of those who should pay.