The tax on Google brought UAH 2.513 billion to the budget of Ukraine

The tax on Google brought UAH 2.513 billion to the budget of Ukraine


The tax on Google in the last quarter brought UAH 2.513 billion to the budget. Photo: Pixabay

Head of the Verkhovna Rada Committee on Finance, Tax and Customs Policy Daniil Hetmantsev shared new information about the payment of the so-called “Google tax”.

In particular, for the 4th quarter of 2023, 96 declarations were submitted by non-residents providing electronic services in Ukraine. This is reported by ITC.

As a result, at the end of the quarter, these companies must transfer to the budget a tax in the amount of UAH 2.513 billion (€30.1 million and $34.4 million). Compared to the 3rd quarter, the amount of receipts increased by UAH 421 million.

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The largest payers in the 4th quarter of 2023 were:

• GOOGLE
• SONY
• ETSY
• APPLE
• META PLATFORMS
• WARGAMING GROUP
• NETFLIX

Separately, Hetmantsev noted that the OnlyFans service, which is still under fire in Ukraine, calculated and paid $1.273 million in taxes for the provision of services on the territory of our state in 2023.

“It is noteworthy that international companies are not waiting for the deadline and have already paid 86% of accrued taxes – 2.17 billion hryvnias,” Hetmantsev added.

Google presented the new artificial intelligence ImageFX.

Ego can be used to convert text into an image. This is reported in the Google blog.

As stated in Google, ImageFX offers its users an interface that should quickly and safely create images.

ImageFX is a new tool for creating images using simple text input.

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This news article has been translated from the original language to English by WorldsNewsNow.com.

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