Business news from Ukraine

Ukraine’s tourism industry has replenished State Budget by 898 mln UAH

Representatives of Ukraine’s tourism industry in January-June 2023 paid 897.848 million UAH to the budget, the press service of the State Agency for Tourism Development (SART) told Interfax-Ukraine on Thursday.

It is specified that this is 11% more than for the first half of 2022 (809.435 million UAH), and 17.5% less than for the first half of 2021, when 1 billion 88.945 million UAH was transferred to the state budget from the tourism industry.

The press release informs that in this reporting period, the total number of taxpayers engaged in tourism activities decreased by 23% compared to January-June last year. At the same time, the number of legal entities decreased by 28%, while the number of individuals – by 21%. If we compare this indicator with the same period of 2021, the total reduction in the number of taxpayers amounted to 36% (-45% for legal entities and -32% for individuals).

The largest share of revenues to the state budget was provided by hotels – 63%, or 569.828 million UAH, while in January-June last year they paid 460.498 million UAH, and for the same period in 2021 – 665.420 million UAH.

At the same time, in January-June this year decreased the amount of tax paid from the activities of tourist bases and children’s recreation camps, which provided 60.428 million UAH of deductions against 73.012 million UAH for the same period last year and 178.921 million UAH for the first two quarters of 2021.

The amount of taxes paid from the activities of campgrounds and parking lots for RVs for two quarters of this year almost doubled to UAH 1.492 million against UAH 731 thousand in January-June 2022, but decreased by 26% compared to the first half of 2021.