KyivPost pays Hr 5 million in taxes, open again, says director

Print version
Aug. 8, 2012, 6:31 p.m. | Business — by Interfax-Ukraine

Ukraine's largest online store,, has paid Hr 5 million in taxes and is now open again, according to head Vladyslav Chechotkin.
© courtesy


The Interfax-Ukraine News Agency – a company belonging to the Interfax Information Services international group – has been an information provider in the political and economic information market of Ukraine since 1992.

Ukraine's largest online store,, has paid Hr 5 million in taxes and is now open again, according to head Vladyslav Chechotkin. 

"In April the tax authorities brought charges against us. Since then we've sorted it out and acknowledge the charges. As of today, the amount of the taxes has been repaid," he said at a press conference in Kyiv on Wednesday.

Chechotkin also said that the company would have to pay about UAH 1 million in fines.

However, he did not comment on the details of the violations, yet he said they were connected with different interpretations of the law.

"We have to review the legislation and settle issues related to e-commerce," he added.

Chechotkin also denied mass media reports that someone wanted to seize his business, although he said that he regularly receives offers to buy his store.

Chechotkin also shared further plans to develop the online store.

"If the [e-commerce] market develops at such a pace, we'll be able to double or triple our business in the next three years. We have a goal: to become the No. 1 online consumer electronics store in Eastern Europe," he said.

He also noted that he does not plan to run for parliament, and wants to concentrate on the development of his own business.

As was reported on July 2, 2012, with reference to Ukraine's State Tax Service in Kyiv, a search was conducted by tax police officers in premises earlier leased by the online electronics store (Kyiv) in the building at 82, Frunze Street. The premises were sealed after the search.

As reported, tax officers on April 19, 2012, conducted searches in three offices and three warehouses belonging to Following the checks, the tax authorities brought an action under Part 3 of Article 212 of the Criminal Code of Ukraine against the director of LLC, whose major business is e-commerce.

According to tax officers, the company imported commodities at understated prices, which made it possible for it to earn surplus profit, which were brought into the shadows via the accounts of bogus companies. As a result of this, the national budget lost over Hr 7 million.

The management, in turn, judicially contested the accusation by the tax police of tax evasion amounting to more than Hr 7 million. 

The Kyiv Post is hosting comments to foster lively public debate through the Disqus system. Criticism is fine, but stick to the issues. Comments that include profanity or personal attacks will be removed from the site. The Kyiv Post will ban flagrant violators. If you think that a comment or commentator should be banned, please flag the offending material.
comments powered by Disqus


© 1995–2015 Public Media

Web links to Kyiv Post material are allowed provided that they contain a URL hyperlink to the material and a maximum 500-character extract of the story. Otherwise, all materials contained on this site are protected by copyright law and may not be reproduced without the prior written permission of Public Media at
All information of the Interfax-Ukraine news agency placed on this web site is designed for internal use only. Its reproduction or distribution in any form is prohibited without a written permission of Interfax-Ukraine.