This year on tax breaks Chernivtsi business saved 180,5 mln.
According to the tax reporting on benefits for the first nine months of this year, 304 payers who are registered in Chernivtsi LIGHTS, got 329 of benefits relative to the payment of three kinds of taxes, fees and other mandatory payments totaling $ 180.5 million UAH. (value added tax, profit tax and property). Compared with the corresponding period last year, the amount of tax benefits increased by 40.6 mln. On the actual amounts of tax benefits for the first three quarters of 2016 the largest share is the benefits of value-added tax – 149,7 mln. In comparison with the previous year, the benefit amount of this tax increased by 27.5 mln. Within nine months of the year Chernivtsi taxpayers used the 27.1 mln. tax benefits for property tax (land tax) and 3.6 mln. tax on profits of enterprises. Companies that have received benefits during the year paid in the consolidated budget 295,8 million UAH. taxes, while receiving benefits of $ 180.5 million UAH. The essence of preferential taxation laid down in the provisions of the Tax code of Ukraine, article 30 of which stipulates that the tax exemption is provided for tax and customs legislation freeing the tax payer from the obligation regarding the calculation and payment of taxes and fees or the payment of tax and duties to a smaller size in the presence of features that characterize a certain group of taxpayers, type of activity, object of taxation, or the nature and social significance of their ongoing expenses. This was reported in the Chernivtsi city CouncilÏåðåâåäåíî ñåðâèñîì "ßíäåêñ.Ïåðåâîä÷èê": translate.yandex.ru.
Source: http://uzinform.com.ua/
