Ukrgazvydobuvannya becomes Ukraine’s largest taxpayer in 2017

Source : 112 Ukraine

The list of the three largest taxpayers also includes the Tobacco Company B.A.T.-Pryluky and Philip Morris Ukraine.
12:03, 26 January 2018

Ukrgazvydobuvannya Company
112 Agency

Public joint-stock company Ukrgazvydobuvannya became the leader on the list of Ukraine’s largest taxpayer over 2017, having paid $1.75 billion in taxes. The figure observed in 2016 was recorded at $1.32 billion, the Office of Large Taxpayers of the State Fiscal Service has informed, Interfax-Ukraine reports.

Related: Ukrgazvydobuvannya sets 25-year record in gas production

Along with Ukrgazvydobuvannya, the list of the three largest Ukrainian taxpayers in 2017 also includes the private joint-stock company Tobacco Company B.A.T.-Pryluky ($455 million) and Philip Morris Ukraine ($479 million).

The national joint-stock company Naftogaz-Ukraine cut tax payments by $160 million from their 2016 levels. Altogether the corporation paid $399.3 million.

Related: Ukrainian government, World Bank agree on attraction of IFC to privatization of Ukrgazbank

With $361 million paid in taxes, compared to $285 million in 2016, Ukrnafta is also on the list of the country’s top five largest taxpayers.

The top ten includes JT International Ukraine ($330 million), Ukrtatnafta ($302 million) and the National Nuclear Generating Company Energoatom ($302 million), as well as Ukrtransgaz ($260 million) and the private joint-stock company Imperial Tobacco Production Ukraine ($271 million).

Related: Lutsenko bans searches of large taxpayers without permission of Prosecutor’s Office

The office said that out of 2,506 enterprises serviced, Ukraine’s top 100 largest taxpayers in 2017 paid a total of $8.97 billion to the state budget, which represents more than 70% of all payments serviced by the institution.

In general, taxpaying corporations serviced by the State Fiscal Service paid over $12.33 billion to the state budget, which indicates an increase of $3.3 billion in absolute terms.

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