Business news from Ukraine

NAFTOGAZ’S ENTERPRISES PAY UAH 137 BLN TO UKRAINIAN BUDGET IN 2018

9 January , 2019  

National joint-stock company Naftogaz Ukrainy and companies incorporated in it tentatively paid UAH 136.5 billion of taxes and dividends to the national budget in 2018, which is 27.2% more than in 2017. According to the press service of Naftogaz, in particular, dividends were paid in the amount of UAH 29.5 billion, royalties – UAH 28.5 billion, VAT – UAH 37.4 billion, income tax – UAH 23.9 billion.
Naftogaz remains the largest taxpayer to the national budget of Ukraine. Income from the group accounted for about 15% of total national budget revenues in 2018. For comparison, the budget of the Defense Ministry of Ukraine in 2017 amounted to UAH 86.6 billion, and the amount of subsidies for consumed gas financed by the national budget is UAH 55.5 billion, the press service said.
As reported, Naftogaz and its member companies in 2017 paid UAH 107.3 billion in taxes and dividends to the national budget.
Naftogaz Ukrainy unites the largest oil and gas producing enterprises in the country. The holding is a monopolist for transit and storage of natural gas in underground storage facilities, as well as for oil transportation through the country.

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