Press releases
PJSC Ukrnafta paid UAH 1,88 bln of taxes during the first quarter, 2016

In the first quarter of 2016, PJSC Ukrnafta paid UAH 1.574 mln of current tax liabilities to the State Budget of Ukraine. As before, royalty for subsoil use was the biggest part of taxes – UAH 824 mln, profit tax – UAH 47 mln.

In April 2016, the company paid UAH 303 mln of tax payments to the State Budget, including UAH 98 mln of royalty payments.

Mark Rollins, Chairman of the Executive Board of PJSC Ukrnafta: “Despite the difficult economic situation and the initiated finance recovering procedure of the Company, Ukrnafta continues paying current taxes to the state. All cash flows goes for payment of taxes, salaries and other critical expenditures that are crucial for the company's operations.”

In February 2016 the Management Board of PJSC Ukrnafta submitted to the Prime Minister of Ukraine a proposal to revise the royalty rate for oil and to peg it to current oil prices.

 

For more information please contact press office: +38 044 239 14 93

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