Mykolaiv region land brought almost UAH 900 million to the budget

Landowners in Mykolaiv region have replenished local budgets by almost UAH 900 million. These funds will be used to develop local communities and address their socio-economic needs.

This was reported by the press service of the State Tax Service in Mykolaiv region.

The local budgets of Mykolaiv region received a significant contribution from land payments, which remains one of the key sources of revenue in the region and is consistently among the top three tax revenues.

Specialists of the Main Department of the State Tax Service in Mykolaiv region paid special attention to reconciliations with landowners, tenants and land users regarding the area of land plots and the use of benefits.

As a result of this work, UAH 896.2 million of land tax and rent was mobilized to local budgets between January and November 2024. This is 26.8% (or UAH 189.3 million) more than in the same period last year. Additionally, legal entities paid UAH 645.7 million, and individuals paid UAH 250.5 million.

The press service noted that land tax is paid from the moment of acquisition of ownership or use of a land plot until the termination of these rights. The State Tax Service also asked landowners and land users to pay taxes on time, as every hryvnia contributes to the development of the region and its community.

Mykolaiv region has recently provided 10 billion for social needs. This is almost nine hundred million more than last year. Between January and September 2024, Mykolaiv region collected UAH 10.4 billion in single social security contributions. This is 9.4% more than in the same period of 2023, which amounts to an additional UAH 891.9 million.

Taxpayers in Mykolaiv region also paid almost UAH 22 million for licenses to sell alcohol, tobacco and fuel. Compared to last year's figures for the first nine months, revenues increased by almost UAH 3.5 million, or 19 percent.

At the end of August, the Rada's Finance Committee approved as a basis a revised draft law on amendments to the Tax Code regarding taxation during martial law.

Among other things, it is planned to increase the military tax rate from 1.5% to 5%. The draft also proposes to set corporate income tax rates for non-bank financial institutions at 25%. The document retains monthly advance payments of income tax for fuel retailers.

Анна Бальчінос