Tax Declarations Reveal 32.4 Billion Hryvnias in Ukrainian Income, Generating 716 Million for the State.

Ukrainian Tax Declarations Filed by Early March

According to TSN.ua: Ukrainian taxpayers have filed over 46,000 tax declarations for the previous year as of early March, reporting a total income of 32.4 billion hryvnias. This will result in 716 million hryvnias in tax revenue for the state budget, an increase of 200 million hryvnias compared to the same period last year. More than 3,500 citizens officially confirmed their status as millionaires by declaring a combined income of 14.6 billion hryvnias. This reporting provides a snapshot of declared personal wealth in Ukraine, a country actively working to strengthen its domestic revenue base.

Regional Breakdown of Declared Income

Kyiv leads the regional ranking with 6.6 billion hryvnias in declared income, followed by:

• Lviv Oblast — 3.0 billion hryvnias
• Dnipropetrovsk Oblast — 2.9 billion hryvnias
• Kyiv Oblast — 2.8 billion hryvnias

The confirmed millionaires are obligated to pay 445 million hryvnias in taxes, with the single largest tax liability among them reaching a record 15.6 million hryvnias.

The primary sources of income for these millionaires were:

• Inheritance and gifts — 2.9 billion hryvnias
• Sale of property — 819.1 million hryvnias
• Foreign income — 733.2 million hryvnias
• Property rental — 406 million hryvnias
• Investment profit — 227.3 million hryvnias

Separately, over 19,000 individuals have applied for a tax rebate, with the total value of these applications amounting to 139.4 million hryvnias.

The deadline for filing declarations for individuals with income is May 1, while those filing to claim a tax rebate have until December 31. The data indicates active compliance by citizens with their tax obligations, which contributes positively to the state budget.

The rise in the number of tax declarations filed and the increase in declared income volumes point to greater citizen engagement in meeting their financial responsibilities. This trend, in turn, can have a beneficial impact on the financial health of the state budget.

Maintaining this momentum is important, as it can help stimulate investment and business development within Ukraine.