You're reading: Fiscal service increases number of large taxpayers by almost 1.5 times for 2017

Ukraine’ State Fiscal Service in order No. 1036 dated December 26, 2016 approved a register of large taxpayers for 2017 containing 2,512 taxpayers.

“From January 1, 2017, in line with amendments to the Tax Code (law No. 1797-VIII dated December 21, 2016), large taxpayers are companies or permanent representative offices of nonresidents on the territory of Ukraine with income from all types of activities in the past four consequent fiscal quarters exceeds Hr 1 billion (earlier it was Hr 500 million) or the total sum of payments sent to the national budget of Ukraine for the same period exceeds Hr 20 million (earlier Hr 12 million),” the Office of Large Taxpayers reported.

The register of large taxpayers for 2017 contains 45.6% more companies than last year when it had 1,725 companies.

As reported, in 2016 tax payments from large taxpayers grew by 325 year-over-year, to Hr 215 billion.