State Budget Receives UAH 313.5 Billion in March: Which Sectors Paid the Most

According to the Ministry of Finance, most of this amount – UAH 159.4 billion – was provided by the State Tax Service (STS).

Contributions from the State Tax Service

Per data from the State Treasury, in March the STS collected UAH 159.4 billion in tax revenues for the state budget. Breaking it down:

Corporate Income Tax – UAH 86.0 billion
Personal Income Tax & Military Levy – UAH 26.8 billion
Value-Added Tax (VAT) – UAH 25.8 billion
- $39.5 bi ll i o n co ll ec t e d o v er a ll, w i t h 13.7 bi ll i o n re f u n d e d$
Excise Tax – UAH 14.2 billion
Rent Payments – UAH 3.9 billion

According to Ruslan Kravchenko, Head of the State Tax Service, the STS exceeded its Q1 revenue plan by UAH 36 billion (+12.9% compared to the Ministry of Finance’s forecast). Specifically in March, the overage was UAH 14 billion. Some highlights compared to plan:

+11.3% for personal income tax (actual: UAH 27.1 billion)
+23.5% for VAT (actual: UAH 26.1 billion)
+5.9% for corporate income tax (actual: UAH 86.0 billion)
+5.1% for excise tax on Ukrainian goods (actual: UAH 10.1 billion)

“These funds are, for example, the cost of over 1 million Ukrainian-made FPV drones (given an average cost of UAH 30,000 per unit), or many other critical needs in these challenging times,” the STS noted.

Additionally, excise duty on imported goods exceeded projections by +48.6% (UAH 1.3 billion more than planned), according to Kravchenko.

Fewer Blocked Tax Invoices

The STS also notes a decline in the number of suspended tax invoices. Since the start of the year, more than 11,000 enterprises have been removed from the list of “risky” taxpayers. This improvement helps businesses operate more smoothly while ensuring taxes are collected efficiently.

Summary

UAH 313.5 billion total revenues for the State Budget in March.
UAH 159.4 billion from the State Tax Service alone.
Main drivers: Corporate income tax, personal income tax & military levy, and VAT.
Above-plan revenues enable greater spending on defense, including procurement of drones and other essential items.

These figures indicate that Ukraine’s tax revenues remain on an upward trajectory, reflecting both a tightening of tax administration and a steady flow of funds necessary for economic stability and national defense.