2024-02-08
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IT industry of Ukraine: increase in budget revenues by 17.4% in 2023

In 2023, the information technology industry of Ukraine replenished the budget by 20.8 billion UAH, which is 17.4% more than in the previous year.

IT industry of Ukraine in 2023

Income to the budget

Ukrainian IT industry in 2023 provided income to budget in the amount of UAH 20.8 billion, which is UAH 3.1 billion (or 17.4%) more than in 2022. This was announced by the Chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy Danylo Hetmantsev in Telegram.

IT industry of Ukraine increase in budget revenues by 17 4 in 2023

Tax Industry Leaders

  • YouControl;
  • Fintech Band (monobank developers);
  • De Novo;
  • "Alpha Metronic";
  • Modus X (IT division of DTEK);
  • Visa Ukraine.

Three companies from this list (Fintech Band, De Novo and Visa Ukraine) have an extremely high burden of paying income taxes and VAT.

IT industry of Ukraine increase in budget revenues by 17 4 in 2023

The role of the IT industry

The IT industry is one of the key sectors of the Ukrainian economy. Computer services make up 41.5% of the total volume of service exports. Over the past 2023, the export of IT services decreased by 8.4%, which in monetary terms amounted to $6.7 billion.

IT industry of Ukraine increase in budget revenues by 17 4 in 2023

Glossary

  • YouControl: a company engaged in monitoring and analyzing the financial status of enterprises;
  • Fintech Band: developers of the monobank mobile bank;
  • De Novo: Ukrainian IT company providing cloud solutions services;
  • "Alfa Metronik": a leading manufacturer of electronic devices for medicine;
  • Modus X: IT division of DTEK, which develops software solutions;
  • Visa Ukraine: a financial company specializing in payment technologies.

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Answers to questions

What budget revenues did the Ukrainian IT industry provide in 2023?

In 2023, the Ukrainian IT industry provided revenue to the budget in the amount of UAH 20.8 billion, which is 17.4% more than in 2022.

What amount of revenue to the budget came from the IT industry in 2023?

The Ukrainian IT industry for the year 2023 provided revenue to the budget in the amount of UAH 20.8 billion.

By what percentage did the budget revenues from the IT industry increase compared to the previous year?

Revenues to the budget from the Ukrainian IT industry in 2023 increased by 17.4% compared to the previous year.

Which companies are leaders in paying taxes in the IT industry of Ukraine?

The leaders in paying taxes in the IT industry of Ukraine are YouControl, Fintech Band, De Novo, Alfa Metronik, Modus X and Visa Ukraine.

Which companies among the leaders in paying taxes have the highest burden?

Companies Fintech Band, De Novo and Visa Ukraine, among the leaders in paying taxes, have an extremely high burden of paying income taxes and VAT.

What role does the IT industry play in the Ukrainian economy?

The IT sector is one of the key sectors of the Ukrainian economy and accounts for 41.5% of the total volume of service exports.

What was the decrease in the export of IT services in 2023?

In 2023, the export of IT services decreased by 8.4%.

How much was the decrease in the export of IT services in monetary terms?

The decrease in the export of IT services in monetary terms amounted to $6.7 billion.
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In 2023, the Ukrainian IT industry provided revenue to the budget in the amount of UAH 20.8 billion, which is 17.4% more than in 2022.


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