ATB Group of companies paid UAH 13.26 billion in taxes and fees for the first half of 2024, which is 10%, or UAH 1.25 billion, more than in the same period in 2023, the company’s press service reports.
Of this amount, UAH 8.68 billion was transferred to the state budget, local budgets received UAH 3 billion, and UAH 1.58 billion was allocated to trust funds.
The leader in terms of tax payments is the corporation’s flagship company, ATB-Market LLC, which operates a retail network. Since the beginning of 2024, ATB-Market has paid taxes and duties totaling UAH 10.22 billion, including UAH 6.52 billion to the state budget, UAH 2.48 billion to local budgets, and UAH 1.22 billion to trust funds.
In 2023, ATB-Market paid taxes and fees totaling UAH 19.45 billion (in 2022 – UAH 15.63 billion). At the same time, the chain’s turnover amounted to UAH 176.9 billion, which is 2% lower than in 2021 (UAH 179.8 billion).
According to the press service, ATB has been among the ten largest taxpayers in Ukraine for many years.
ATB Corporation is an association of large Ukrainian enterprises operating in such business areas as retail, asset management, food production and sales, and sports and recreation services. Its companies employ more than 70 thousand people.
In 2023, ATB paid UAH 25.06 billion in taxes and fees. Despite the negative factors caused by the war, this figure is UAH 4.62 billion higher than the financial results of 2022 (UAH 20.44 billion).
As of July 15, 2024, the corporation’s retail network includes 1228 stores, compared to 1316 stores in January 2022.
In January-June 2024, the OKKO filling stations network transferred UAH 9.741 billion to budgets and social funds, which is 57% or UAH 3.5 billion more than in the same period of 2023.
“We paid UAH 2.240 billion in taxes and fees directly from operating activities in the first 6 months of 2024. This amount includes VAT (except for import customs duties), retail excise, personal income tax, military duty, land fees, and the mandatory state pension insurance fee,” the company’s website reports.
In addition, another UAH 7.501 billion was paid when importing goods. As the company explained, the amount of taxes paid in this category depends on whether the group’s companies import fuel directly or buy already cleared products from foreign plants on the domestic market.
“In June 2024, the enemy destroyed two of our oil depots. In total, since the beginning of the full-scale invasion, OKKO’s losses as a result of hostilities amounted to $70 million. But we continue to work – we restore filling stations, invest, pay taxes in good faith, and help the Armed Forces,” said Nazar Kupybida, OKKO Vice President for Finance.
According to him, over the past two and a half years, OKKO Group has already paid UAH 33 billion in taxes and donated more than UAH 1.8 billion as charity to support the army and restore the country.
In the first half of 2024, each OKKO filling station paid UAH 5.629 million in taxes and fees per filling station, or UAH 0.938 million per month. This figure is 23% higher than in the first half of 2023. The payment of taxes on operating activities per 1 liter of fuel sold at OKKO filling stations amounted to UAH 3.40/l in the reporting period, which is almost UAH 1 higher than in the first half of 2023 – UAH 2.43/l.
OKKO Group unites more than 10 diversified businesses in production, trade, construction, insurance, maintenance and other services. The flagship company of the group is Galnaftogaz, which operates one of the largest filling stations in Ukraine under the OKKO brand, with about 400 filling stations.
The group’s founder and ultimate beneficiary is Vitaliy Antonov.
In January-June 2024, Naftogaz Group paid UAH 44 billion in taxes to the state budget of Ukraine and another UAH 3.2 billion to local budgets, the company said on its website on Thursday.
In particular, in June, UAH 8.7 billion was paid to the state budget and UAH 0.5 billion to local budgets.
“Despite the military challenges, we continue to work steadily, save jobs, fill the budgets of all levels and strengthen the economy of our country,” said Oleksiy Chernyshov, Chairman of the Board of Naftogaz of Ukraine.
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 January-May 2024, the WOG filling station network transferred UAH 5.82 billion to the budgets of all levels.
According to the company’s press service, UAH 797.25 million were taxes on operating activities and UAH 5.023 billion were import taxes.
Personnel taxes for the first five months of 2024 amounted to over UAH 290.4 million, up 61% compared to the same period in 2023. This amount includes the unified social contribution (USC), personal income tax (PIT) and the fee.
The WOG filling station network is one of the largest in Ukraine, with about 400 locations.
West Petroleum Market LLC (manages the WOG filling station chain) was founded in 2018, with the ultimate beneficiaries being Serhiy Lagur and Svitlana Ivakhiv. In 2023, the company generated UAH 27.69 billion in revenue, which is 17.8% less than in 2022. Net profit more than halved to UAH 265 million 890 thousand in 2023 from UAH 560 million 515 thousand in 2022.
The head of the Odessa regional military administration Oleg Kiper in August 2023 by his order strengthened customs control in the region when exporting agricultural products for export, at the same time on the market of export of agricultural products appeared about 40 companies with signs of fictitiousness, reported hromadske in the investigation “Grain Baron”.
The publication noted that through the ports of Odessa in 2023 passed 85 percent of the country’s agro-exports.
When analyzing the data of the Ukrainian customs, access to which is provided by the international service ImportGenius, journalists found 40 companies with signs of fictitiousness, which entered the agro export market after the Odessa OSA established “manual control” over it.
These companies started exporting grain after August 2023. They have never engaged in exports before, were founded or changed owners in 2023, are not part of well-known agroholdings and do not own land.
“The largest by export volume of these firms has the same phone number as another 139 legal entities. And in second place is a company whose founder is probably a psychologist from Uzbekistan, for whom 20 legal entities have been registered in Ukraine over the past two years,” the investigation said.
“Suspicious” companies for the last quarter of 2023 exported through the ports of the Odessa region about 800 thousand tons of agricultural products worth about $ 150 million, or 6 billion UAH, says the publication and recalls that the head of the Odessa Regional State Administration explained the establishment of manual control by the need to fight against one-day companies and so-called “black exports”.
Such one-day companies export grain and do not return foreign currency proceeds to the country, do not pay taxes, have a fake director and do not have an office. After several transactions with a budget of several million dollars, the company disappears.
The chairman of the All-Ukrainian Agrarian Union “Agrarnaya Rada” Dmytro Kohan drew attention to the fact that any manual control has increased risks of corruption.
The Odessa regional military administration refused to comment on the facts revealed by journalists.
Receipts of taxes, fees and mandatory payments to the general fund of the state budget of Ukraine, according to operational data, in April amounted to UAH 153.6 billion compared to UAH 164.3 billion in March and UAH 184.8 billion in February, such operational data (as of 16:00 on April 30) reported the Ministry of Finance on Tuesday.
According to its data, the most of all reduced receipts of payments from the State Tax Service – to 59.7 billion UAH from 105.7 billion UAH in March and 107.4 billion UAH in February, which is due to high payments in previous months of income tax, in particular, by banks, as well as advance payments.
It is pointed out that in April, income tax revenues amounted to only UAH 3.2 billion against UAH 60.1 billion in March and UAH 61.0 billion in February, but in April, part of its profit of UAH 38.64 billion was transferred to the budget by the National Bank, although the Ministry of Finance does not mention it in the summary.
As for other taxes, personal income tax and military levy increased to UAH 16.5 billion (UAH 15.7 billion) in April, rents to UAH 5.5 billion (UAH 1.4 billion), and excise tax to UAH 11.5 billion (UAH 9.2 billion).
Value added tax also increased to UAH 22.8 billion (UAH 18.0 billion): collected UAH 34.8 billion (UAH 29.0 billion), refunded – UAH 12.0 billion (UAH 11.1 billion).
Receipts from the State Customs Service increased in April to UAH 48.9 billion from UAH 45.8 billion in March and UAH 39.8 billion in February. As the head of the specialized parliamentary committee, Daniil Getmantsev, pointed out on Tuesday, about 2.5 billion hryvnias of additional revenue came from the unblocking of the Polish border over the past week.
The Finance Ministry pointed out that the monthly revenue estimate of the general fund of the state budget, according to operational data, was exceeded by 29.5% (+35 billion UAH), including by the State Tax Service – by 7.9% (+4.4 billion UAH), while the State Customs Service – by 14.5% (+6.2 billion UAH).
In addition, the general fund of the state budget received UAH 2.7 billion of international aid in the form of grants in April, compared to UAH 3.1 billion in March and UAH 31 billion in February.
“In general, according to operational data, at the end of April 2024, the general and special funds of the state budget received UAH 200.8 billion (UAH 225.9 billion in March and UAH 229.0 billion in February) of taxes, fees and other payments. In addition, about UAH 40.1 billion (in March – UAH 39.0 billion) in the form of ERUs was received by the Pension Fund and social insurance funds,” the ministry added, thanking taxpayers for your contribution to the support of the Ukrainian army and financial stability of the country.
Data on expenditures in April are not yet available.
As reported, the Verkhovna Rada adopted the state budget for 2024 with a deficit of UAH 1.57 trillion, or 20.6% of projected GDP. Revenues of the state budget-2024 are set at UAH 1.77 trillion (not taking into account possible grant aid), expenditures – UAH 3.36 trillion at an average annual exchange rate of UAH 40.7/$1.
State budget-2023 revenues amounted to UAH 2.67 trillion, of which grant aid amounted to UAH 0.43 trillion. Cash expenditures of the state budget for the past year exceeded UAH 4 trillion, and the deficit amounted to UAH 1.33 trillion at an average annual exchange rate of about 36.6 UAH/$1.
Earlier Experts Club analytical center and Maxim Urakin released a video analysis of how the GDP of the world’s countries has changed in recent years, more detailed video analysis is available here – https://youtu.be/w5fF_GYyrIc?si=BsZmIUERHSBJrO_3 Subscribe to Experts Club YouTube channel here – https://www.youtube.com/@ExpertsClub.
BUDGET, decreased in April, EXPERTS CLUB, GDP, MACROECONOMICS, MINISTRY OF FINANCE, TAXES, UKRAINE, URAKIN
