In January-September, the Lviv region recorded a significant increase in personal income tax payments. The highest growth dynamics were demonstrated by the construction sector: from 138 per cent at the beginning of the year to 162 per cent over the nine months, compared with the same period last year. For comparison, the overall regional figure as of 1 October stands at 130 per cent.
The results were reported by Deputy Head of the Regional State Administration Ivan Sobko, who stressed that construction is the region’s undisputed leader in terms of the growth rate of personal income tax payments.
More than 40 per cent of the increase in the volume of tax paid was generated by enterprises in trade, hotel and food service activities, as well as manufacturing. Growth rates above the regional average were also recorded in education, the information and telecommunications sector, and in real estate transactions. Overall, all sectors of the region’s economy showed a positive trend in personal income tax payments.
In absolute terms, more than a third of personal income tax revenues is generated by payers in manufacturing and trade. Legal entities in the manufacturing sector transferred UAH 4.9 billion in personal income tax to the budget over the nine months, while trade enterprises paid UAH 4.6 billion.