Ukrnafta paid UAH 48.2 billion in taxes for 2020
Ukrnafta paid UAH 48.2 billion in taxes for 2020

For December 2020, PJSC Ukrnafta paid to the budgets of all levels in taxes in the amount of UAH 36.9 bln. This amount includes taxes and payments following the settlement of a tax debt of UAH 36.1 bln, the company reported earlier. The amount of taxes paid for 12 months of 2020 reached 48.2 billion UAH.

For December 2020 Ukrnafta paid UAH 494 mln in rent to the state and local budgets of all levels. According to the rent sharing mechanism, established by law, the oblasts, raions and local communities’ budgets received UAH 24.7 mln. The biggest recipients of rent revenues from Ukrnafta were the budgets of Sumy (UAH 10.2 million), Ivano-Frankivsk (UAH 5.9 million) and Poltava (UAH 3.7 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

 

In December 2020

Sumy oblast

10,2

Ivano-Frankivsk oblast

5,9

Poltava oblast

3,7

Chernihiv oblast

2,2

Lviv oblast

2,2

Kharkiv oblast

0,42

Dnipropetrovsk oblast

0,05

Chernivtsi oblast

0,02

Total

24,69

The rent sharing mechanism envisages that 95%of rent revenues go to the central public budget, while 5% - to the local budgets. The local rent revenues are split further with 2% allocated to the raions and 3% to the oblast and local communities where companies produce hydrocarbons. Thus, the rent sharing mechanism allows local communities to receive share of revenues from production of oil and gas.