In 2024, the ‘Information and Telecommunications’ industry in Lviv region experienced a significant increase in the volumes of personal income tax (PIT) paid, demonstrating a growth of 82% compared to the previous year. This was made possible by the decision of IT companies to operate within the special regime ‘Diia City’. These enormous changes are supported by the words of Oleg Demkiv, the director of the finance department of the Regional State Administration.
Similarly, taxpayers from the ‘Financial and insurance activities’ sector demonstrated a considerable increase in PIT absorption, with revenues growing by 41%. A significant rise in tax revenue volumes is also observed in the trading, extraction industries, and other key sectors of the region.
While PIT from the ‘Public administration and defense’ sector has been reduced by more than three times for the same reason, this sector’s share in the total tax revenue has also decreased significantly from 36% to 12%.
Today, the trade and manufacturing industries of Lviv region remain leaders in terms of taxes paid, where just these two sectors alone formed more than 28% of the total regional PIT revenues, collectively reaching over 3.8 billion UAH and 3.4 billion UAH respectively.