In 2023, the largest alcohol producers increased their income tax payments by 1.7 times compared to 2022, and their income tax efficiency increased from 1.4% in 2022 to 2.0% in 2023, said Danylo Hetmantsev, chairman of the Parliamentary Committee on Finance, Taxation and Customs Policy.
“Measures to de-shadow the alcoholic beverage market, despite the fierce resistance of black market areas (the so-called ‘business defenders’ and ‘sofa experts’), are yielding positive results in the form of budget revenues,” he wrote on Telegram.
The committee chairman named National Vodka Company LLC (Bayadera Group), LVN Limited LLC (TM Nemiroff), Lviv Distillery, and Shustov-Spirt ALC as the leaders in terms of tax efficiency.
According to him, Global Spirit Group has significantly improved its VAT tax efficiency from 3.5% in 2022 to 6.1% in 2023 and 9.4% in 2 months of 2024.
According to Mr. Hetmantsev, the largest alcohol producers have improved their performance not only in terms of income tax, but also in terms of VAT. For two months of this year, VAT payable has already been declared by 28.1% more than in the same period last year.
At the same time, the VAT tax efficiency increased to 6.2% in two months of 2024 from 4.9% in two months of 2023. At the same time, this figure increased by 5.2% compared to 2023.
