For the first time since the beginning of the year, the Tax Service has failed to fulfill the VAT collection plan.
In May, the State Tax Service of Ukraine collected UAH 21.7 billion in value-added tax, which is UAH 1.5 billion less than the planned figure. This was the first case in 2025 when the DPSU did not reach the planned revenues from VAT, informs Forbes.
The amount of non-reimbursed business VAT at the end of May almost did not change — it decreased by only UAH 39.5 million and amounted to UAH 30.3 billion. At the same time, receipts from other taxes exceeded expectations in May: 10.7% more from personal income tax, 5.2% more from income tax, and 3.3% more than planned from excise taxes.
In total, since the beginning of the year, the DPSU has ensured over-fulfilment of the plan by UAH 51.6 billion. It is expected that the growth of tax revenues will become the main source of covering the additional budget deficit, which will reach about UAH 400 billion.
At the beginning of June, Minister of Finance Serhiy Marchenko announced his intention to attract about UAH 100 billion due to exceeding the planned income indicators. Given the need to finance rising defense spending, the Internal Revenue Service and Customs must continue to ensure that the plan is over-executed.
At the same time, the head of the Parliamentary Committee on Finance, Tax and Customs Policy, Danylo Hetmantsev, noted that entrepreneurs began to complain en masse about delays in VAT refunds. According to him, as of April 1, the balance of unreimbursed VAT amounted to UAH 26.46 billion, having increased by UAH 1.84 billion only in March. By May 1, this amount had increased to UAH 30.36 billion, mainly due to an increase in the number of business applications subject to inspections.
