Business news from Ukraine

Business news from Ukraine

WOG paid over UAH 5.8 bln in taxes and fees

26 June , 2024  

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.

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