Ukrnafta has fully repaid its tax debt to the state
Ukrnafta PJSC reports full repayment of the "historical" tax debt. The company has transferred UAH 28.9 billion to the special fund of the state budget. This amount includes debt on VAT, profit tax and rent payment, accrued fines and penalties for late payment of monetary liabilities.
The repayment of the tax debt took place within the framework of implementing the agreements between Ukrnafta and Naftogaz of Ukraine on the purchase and sale of natural gas. Under this agreement, Naftogaz paid Ukrnafta UAH 15.1 billion for UAH 2.061 billion cubic meters of natural gas produced in 2006.
In addition, Ukrnafta received an advance payment of UAH 23.5 billion for the supply of natural gas of future production. The company expects to supply gas under the prepayment over the next few years. In its turn, Ukrnafta returned to Naftogaz of Ukraine UAH 2.5 billion loan, which the company received earlier this year for payment of VAT liabilities, which arose in the process of natural gas sales.
"Settlement of the tax debt issue came as a result of coordinated actions of the Supervisory Board and the Management Board of Ukrnafta, active work of the Naftogaz team and support of the Government and MPs. Ukrnafta intends to focus on strategic tasks and the formation of conditions that will ensure a sustainable increase in oil and gas production in the interests of Ukraine's energy security," said Oleg Gez, Chairman of the Board of PJSC Ukrnafta.