Information technology specialists have significantly increased contributions to the Ukrainian budget since the beginning of a full-scale war. For 2022, tax revenues from the IT industry increased by 24%, and for 2023 - by 16% compared to the previous year.
IT taxes are growing
Dynamics of tax deductions
According to the State Tax Service, in 2021 specialists in the field of computer programming, consulting and related activities transferred over 16 billion hryvnia to the country’s budget. In this amount, individuals paid about 9 billion, and legal entities - 7 billion hryvnia.
In 2022, the volume of tax payments from the IT sector increased to 20.6 billion hryvnia, which is 24% more than a year earlier. Individuals contributed 11.7 billion, and legal entities - 8.8 billion hryvnia.
In 2023, the amount of taxes paid in this sector reached almost 23.9 billion hryvnia, showing an increase of about 45% compared to 2021. The contribution of individuals amounted to more than 12.9 billion, legal entities - over 11 billion hryvnia.
Share in total tax revenues
Despite the significant increase in tax deductions from the IT industry, its share in the overall structure of revenues to the consolidated budget of Ukraine has decreased slightly. In 2021 it was 1.14%, in 2022 it increased to 1.53%, and in 2023 it dropped to 1.46%.
The impact of inflation on these indicators should be taken into account. At the end of 2023, inflation slowed to 5.8%, and in March 2024, consumer inflation on an annualized basis dropped to 3.2% from 4.3%.
Glossary
- State Tax Service (STS) is the central executive body of Ukraine that implements state tax policy.
- KVED (Classification of types of economic activities) - a systematic list of types of economic activities used for collecting, processing and analyzing statistical data.
- Consolidated budget is the combination of the state budget and local budgets of Ukraine.
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Discussion of the topic – IT specialists increased contributions to the Ukrainian budget by 45% after a full-scale invasion
According to State Tax Service data obtained by DOU, IT specialists have increased tax payments to the Ukrainian budget by 45% since the beginning of the full-scale Russian invasion. In 2021, 16 billion were accrued, and in 2023 - 23.9 billion. The share of IT in the structure of tax accruals also increased from 1.14% in 2022 to 1.46% in 2023.
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Миша
Wow, the numbers are impressive! 🤯 IT specialists really made a big contribution to the budget despite the war. This shows how important this industry is for the Ukrainian economy.
София
Yes, it's incredible! 💪 Almost 24 billion hryvnia last year alone is a huge amount. I am proud to work in this industry and to be able to contribute.
Макс
It is interesting to see how the share of IT in the overall tax structure has grown. 1.46% in 2023 versus 1.14% in 2021—that's solid growth! 📈 The industry is really gaining momentum.
Анна
I believe these numbers are just the beginning. As the IT industry develops and the number of specialists increases, tax revenues will only grow. 🚀 We need to support this trend and create favorable conditions for the growth of the industry.
Виктор
I agree, IT is the future! 💻 But don’t forget about other sectors of the economy. It is important to develop different sectors so that the budget is replenished from various sources.
Джон
As a specialist with many years of experience, I can say that this industry is truly developing at an incredible pace. 🌟 I remember how 10 years ago we couldn’t even imagine such indicators. But now everything has changed and IT has become the driving force of the economy.
Грумпи
Why are you all so happy about these numbers? 🙄 Taxes, money, indicators... All this is temporary and unreliable. Previously, people really valued stability and respected traditions. And now everyone only thinks about new technologies and trends. 😒
Эмили
Oh, Grumpy, don't be such a skeptic! 😄 Of course, traditions are important, but progress cannot be stopped. The IT industry opens up new opportunities and makes our lives better. The main thing is not to be afraid of change and keep up with the times.
Лукаш
I also think the growth of the IT industry is great news! 💪 But let's not forget about the environmental aspects. The more technology develops, the more important it is to pay attention to its impact on the environment and strive for sustainable development.
Изабелла
Great point, Lukasz! 🌱 Indeed, in parallel with the growth of the IT industry, we must think about “green” solutions and energy-efficient technologies. This will help maintain a balance between progress and ecology.
Марко
But I’m thinking about how these tax revenues can be used by the state. 💰 I hope that part of the funds will go to the development of education and training of new IT personnel so that the industry continues to grow.
Катерина
This is a very important point, Marco! Investments in education and the creation of high-quality training programs in IT specialties are the key to the further success of the industry. 🎓 We need to attract talented youth and support their development.
Ян
I couldn't agree more! 👍 The IT sector is developing rapidly, and we must keep up with the times. These numbers show that our industry has great potential, and I am confident that we will be able to achieve even more impressive results in the future! 🚀
Сара
Yes, this is inspiring! 💪 I am proud to work in the IT industry and be able to contribute to its development. I am confident that exciting opportunities and new achievements await us ahead. The main thing is not to stop there and continue to improve! 🌟