Yesterday, August 4, 2016, Kyiv District Administrative Court’s decision came into effect, obliging the State Fiscal Service of Ukraine to take 2 bln m3 of natural gas produced in 2006 as a tax lien from PJSC Ukrnafta.
Earlier, Ukrnafta offered an effective mechanism for repaying its tax liability, i.e. it suggested using 2 bln m3 of gas on its books as a liquid asset. However, SFS refused to distrain this property and therefore Ukrnafta took legal action to protect its violated rights and interests.
As previously reported, on June 8, 2016, the District Administrative Court of Kyiv ordered SFS to distrain 2 bln m3 of gas as tax lien and a refusal to do so was declared illegal.
Ukrnafta expects SFS to act promptly on the decision, which will help the company to fully resolve its tax related legacy issues.
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