Business news from Ukraine

LARGEST TAXPAYERS PAY 21% MORE TAXES IN H1 2017

7 August , 2017  

KYIV. Aug 7 (Interfax-Ukraine) – Largest taxpayers since early 2017 have paid UAH 176.6 billion of taxes. This is UAH 31 billion or 21% more than a year ago, the Office of Large Taxpayers has reported.
“The introduction of practice of personal consultant for each large taxpayer and the gradual automation of processes give good results. The economy is slowly going out of crisis and this means that payments will grow in the future thanks this,” Head of the Office of Large Taxpayers Yevhen Bambizov wrote on his Facebook page.
According to the office, one third of the sum was paid by oil and gas sector – UAH 57.6 billion (UAH 15.9 billion more year-over-year). Ukrgazvydobutok paid UAH 25.553 million, Naftogaz Ukrainy paid UAH 11.383 million, Ukrnafta – UAH 5.501 million and Ukrtransgaz – UAH 4.432 million.
The Office of Large Taxpayers said that one fourth (25.5%) of payments was sent by processing enterprises – UAH 45.1 billion (UAH 2.3 billion more than a year ago). The largest taxpayers were private joint-stock company Tobacco Company B.A.T.-Pryluky (UAH 6.97 million), Philip Morris Ukraine (UAH 5.835 million) and JT International Ukraine (UAH 4.39 million).
Tax payments from mining companies grew more than 1.5-fold, from UAH 24.5 billion in H1 2016 to UAH 43.8 billion in H1 2017 or 24.8% of total payments. Ukrgazvydobuvannia paid UAH 25.553 million, Ukrnafta – UAH 5.501 million and Naftogazvydobutok – UAH 2.298 million.