In January 2024, Naftogaz Group companies paid UAH 5.6 billion in taxes to the state budget of Ukraine.
“8.5% of all tax revenues to the state budget of Ukraine in January 2024 are taxes paid by Naftogaz Group. We are talking about the amount of UAH 5.6 billion,” the group said on its website on Tuesday.
Another UAH 0.5 billion was transferred to local budgets.
“Naftogaz Group remains one of the largest taxpayers in Ukraine and a reliable support for the state budget. In total, over 31 days of January 2024, we have already paid UAH 6.1 billion in taxes to the country’s consolidated budget,” the group’s CEO Oleksiy Chernyshev said as quoted on the website.
As reported, in 2023, Naftogaz Group companies paid UAH 90.2 billion in taxes, UAH 83.4 billion of which went to the state budget and UAH 6.8 billion to local budgets.
In 2023, the agricultural holding Continental Farmers Group paid UAH 1.4 billion to the budgets of all levels and allocated UAH 37.7 million for social projects, the holding’s press service said on Tuesday.
“As an honest and responsible business, we constantly report annually on taxes paid and financial support to the communities we cooperate with. I would like to emphasize that Continental Farmers Group is and will remain a reliable long-term partner for both its shareholders and the state, especially in this difficult period,” the press service quoted Georg von Nolken, CEO of the agricultural holding, as saying.
According to the report, support for Ukrainian defenders remains an integral part of Continental’s social responsibility policy. Since February 2022, the agricultural holding has allocated UAH 55.1 million to help the military.
Mriya Agro Holding and CFG, united under the name Continental Farmers Group, have been operating as a single business since November 2018, when Mriya entered into an agreement with international investor Salic UK to sell its assets.
Salic was founded in 2012. Its sole shareholder is the Saudi Arabian Public Investment Fund, which invests in agricultural and livestock production.
According to the results of 2023, ATB Group paid taxes and fees to the budgets of all levels, including customs duties and unified social contribution, totaling UAH 25.06 billion, which is UAH 4.62 billion more than in 2022, the company’s press service reports.
According to the report, in particular, the state budget received UAH 16.49 billion, local budgets – UAH 6.02 billion, and UAH 2.55 billion was allocated to trust funds.
Last year, the corporation’s flagship enterprise, ATB-Market LLC, paid taxes and fees totaling UAH 19.45 billion (in 2022 – UAH 15.63 billion). Last year, the state budget received UAH 12.41 billion from ATB-Market LLC, UAH 5.12 billion in taxes and fees were paid to local budgets, and UAH 1.92 billion to trust funds.
ATB Corporation is an association of large Ukrainian companies operating in such business areas as retail, asset management, food production and sales, and sports and recreation services. The corporation employs over 70 thousand people.
As of June 1, 2023, the corporation’s retail network consisted of 1188 stores compared to 1316 stores in January 2022. Last year, the chain’s turnover amounted to UAH 176.9 billion, which is 2% lower than in 2021 (UAH 179.8 billion).
The total amount of taxes to be paid by OTP Bank in 2023 is UAH 4.8 billion.
The largest part is income tax – UAH 3.7 billion. The amount of military duty for 2023 is UAH 32.6 million. VAT, local taxes, non-resident tax, personal income tax, unified social tax, and unified social tax make up the rest of the total amount of payments by OTP Bank.
We would like to remind you that OTP Bank was ranked third in terms of capital adequacy according to the results of the stability assessment conducted by the National Bank of Ukraine. Thus, according to the asset quality ratio (AQR), the core capital adequacy ratio (N3) of OTP Bank amounted to UAH 7 billion 234 million, or 19.09%, with the required level of 7%.
Regulatory capital (N2) at OTP Bank amounted to UAH 12 billion 315 million. Its adequacy ratio is 32.5% with the required level of 10%.
In 2023, Astarta Agro Holding, the largest sugar producer in Ukraine, paid UAH 2.31 billion in taxes and fees to the budgets of all levels, up 42% compared to 2022, the company’s press service reported on Facebook.
According to the report, over UAH 1.31 billion of this amount went to local budgets of territorial communities in Poltava, Khmelnytsky, Vinnytsia, Ternopil, Zhytomyr, Chernihiv, and Kharkiv regions of Ukraine.
“In terms of the entire team of the agro-industrial holding in 2023, Astarta paid UAH 343 thousand of taxes per employee. In total, during the full-scale war alone, our company transferred over UAH 3.84 billion to the budgets of all levels. This is our contribution to strengthening the country’s defense capability, increasing the economic resilience of local communities, enhancing social responsibility and transparency of Ukrainian business,” said Viktor Ivanchuk, founder and CEO of the agricultural holding.
In addition, Astarta, together with its Ukrainian and international partners, also continues to implement social initiatives as part of the Common Help Ukraine humanitarian project. As of today, the financial value of charitable contributions and humanitarian aid provided by the project already exceeds UAH 1.062 billion.
“Astarta is a vertically integrated agro-industrial holding company operating in eight regions of Ukraine. It comprises six sugar factories, agricultural enterprises with a land bank of 220 thousand hectares and dairy farms with 22 thousand cattle, an oil extraction plant in Globyno (Poltava region), seven elevators and a biogas complex.
In the third quarter of 2023, the agricultural holding earned EUR1.24 million in net profit, down 27.7 times compared to the same period in 2022. Astarta’s revenue decreased by 14.4% to EUR104.75 million, gross profit by 2.7 times to EUR26.96 million, operating profit by 7.6 times to EUR6.79 million, and EBITDA by 42.7% to EUR97.25 million.
Due to significantly better performance in the first half of this year compared to the first half of last year, in the first nine months of 2023, net profit decreased by 9.8% to EUR 55.97 million, while revenue increased by 14.8% to EUR 392.00 million. The company’s gross profit increased by 3.0% to EUR 151.91 million, while operating profit decreased by 15.9% to EUR 79.91 million and EBITDA by 10.8% to EUR 116.63 million.
The State Tax Service (STS) has planned 3,242 inspections of businesses – both companies and individual entrepreneurs – for 2024. In more than half of the cases, documentary inspections of companies will take place. Most often, the tax authorities will visit businesses in Kyiv, and the most popular industry for company audits will be wholesale trade.
The State Tax Service has planned 2,328 inspections of companies and 914 inspections of sole proprietorships for 2024. This is 19% less than in 2023, when the tax authorities visited 2,551 companies and 1,461 individual entrepreneurs.
This is reported by Opendatabot, citing data from the State Tax Service.
In the vast majority of cases, 61.6%, tax authorities will check company documents. In 28% of cases, the State Tax Service will visit fops. At the same time, inspections of businesses that have questions about military duty and unified social tax will be halved by 2023, down to 156 companies. Inspections of non-resident financial companies account for only 5% of the plan.
Kyiv has the highest number of inspections – 590. Dnipropetrovs’k region is in second place with 205 inspections, followed by Lviv region with 156.
Businesses operating in the wholesale trade sector will be inspected most often – they account for 22% of the total number of company inspections. In 2024, businesses in the field of agriculture and hunting will also be the most frequently inspected by the tax authorities – 14.8% of inspections. The top is rounded out by inspections of retail businesses – 6.9%.
You can find out whether your business or partners are scheduled for inspections for free in the Opportunity Bot. To do this, send the bot the company code. If the business is on the tax plan, the relevant information will appear in the company card.
