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29 May. 2024

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Ukraine's tourism industry is showing rapid growth: budget revenues increased by 61%

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War
Finance
Ukraine
Ukraine's tourism industry is showing rapid growth: budget revenues increased by 61%

The State Agency for Tourism Development has calculated taxes from the tourism industry for the first quarter of this year. Find out the amount and which industry paid the most.

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In the first quarter of 2024, representatives of the Ukrainian tourism industry paid UAH 616 million 391 thousand to the budget, which is 61% more than in the same period of 2023 (UAH 383 million 221 thousand). This was reported by the press service of the State Agency for Tourism Development (DART).


How many foreigners entered Ukraine in the first quarter of 2024 and from which countries did they come most often? Find out in this article.


Restoring the tourism industry during the war


DART noted that before the full-scale invasion in 2021, state budget revenues for the first quarter amounted to UAH 629 million 135 thousand. This shows that the tourism industry has not only adapted to the difficult wartime conditions but is also actively developing.


Mariana Oleskiv, Head of DART, emphasized that tourism creates jobs and supports local communities, and taxes from this industry are an important part of the economy, which is now working to support the Ukrainian army.


To find out how many Ukrainians are planning to go on vacation this year, follow the link




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Not only the amount, but also the number of taxpayers has increased: how much to pay?


In January-March 2024, the number of taxpayers engaged in tourism activities increased by 19% compared to the same period last year. The number of legal entities increased by 6%, and individuals by 24%.


Hotels accounted for the largest share of revenues (64%), paying UAH 395 million 194 thousand, which is 69% more than in the same period of 2023 (UAH 233 million 693 thousand). It is also interesting that revenues from the activities of tour operators doubled to UAH 88 million 727 thousand against UAH 44 million 854 thousand in 2023.


Tax revenues from travel agencies increased to UAH 50 million 330 thousand, which is 48% more than in 2023 (UAH 33 million 844 thousand). The budget received UAH 36 million 180 thousand from campgrounds and children's recreation camps, which is 41% more than in the same period last year.


Tax revenues from campsites and caravan parks also increased to UAH 704 thousand compared to UAH 499 thousand last year.


Looking for options for a summer vacation in Ukraine or a short weekend trip? We have great news for you! The Visit Ukraine portal offers more than 800 tours around Ukraine to suit every taste. And in order not to spend a lot of time looking through all the offers and finding the best option, contact our manager for a personal consultation and selection of a tour for your individual needs.




To contact the manager, write “I want a tour” in a messenger convenient for you (Telegram | WhatsApp).


We remind you! In the context of a full-scale invasion, the Ukrainian economy suffers unprecedented losses almost every day. Read which industries paid the most taxes in the first 4 months of this year, as well as where the largest increase in payments occurred compared to April last year, in our previous article.


Photo: Freepik


Want to know more? Read the latest news and useful materials about Ukraine and the world in the News section.




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Visit Ukraine Legal advice – comprehensive legal support on entry to Ukraine;
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Visit Ukraine Tours – the largest online database of tours to Ukraine for every taste;

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