Ukrnafta paid over UAH 560 million in taxes for May
Ukrnafta paid over UAH 560 million in taxes for May

For May 2020, PJSC Ukrnafta paid to the budgets of all levels in taxes in the amount of UAH 567 mln. This amount included the rent for subsoil use, VAT, profit tax, excise duty and other taxes. The amount of taxes paid for 5 months of 2020 reached 6.13 billion UAH.

Ukrnafta paid UAH 303 mln in rent to the state and local budgets of all levels for May 2020. According to the rent sharing mechanism, established by law, the oblasts, raions and local communities’ budgets received UAH 15.17 mln. The biggest recipients of rent revenues from Ukrnafta were the budgets of Sumy (UAH 6.64 million), Ivano-Frankivsk (UAH 3.42 million) and Poltava (UAH 2.02 million) regions. The amount of rent paid to the local budgets depends on the volume of hydrocarbons production in the region and the price of hydrocarbons. The communities usually fund local infrastructure and social projects with rent revenues.

5% of rent revenues to budgets of oblasts, raions and local communities, mln UAH


InMay 2020

Sumy oblast


Ivano-Frankivsk oblast


Poltava oblast


Chernihiv oblast


Lviv oblast


Kharkiv oblast


Dnipropetrovsk oblast


Chernivtsi oblast




To remind, in March PJSC 'Ukrnafta' voluntarily paid in full the land tax, rental payment for land plots and real estate tax for March 2020. Thus, local budgets have received about 17 million UAH.