You're reading: Fiscal service reports Ukrnafta leading in tax debts

Ukrnafta, the largest oil producer in Ukraine with 50 percent plus one share owned by the state from the middle May to the middle June boosted its tax debt to the national budget by Hr 250 million, to Hr 12.98 billion, or 20 percent of total tax debt, the State Fiscal Service has reported.

As of June 13, top three largest debtors also included insolvent Delta Bank with Hr 2.5 billion debt and the joint operations agreement No. 999/97 (the authorized entity is Poltavanaftogaz of Ukrnafta) with Hr 2.39 billion debt.

In general, tax debt to the national budget from the middle of May through the middle of June grew by Hr 3.75 billion or 6 percent, to Hr 65.88 billion and to local budgets – by Hr 440 million or 4.2 percent, to Hr 10.81 billion.

The fiscal service said that 100 largest debtors owe Hr 40.78 billion to the budget or 61.9 percent of its total amount.

Head of the Large Taxpayers Office Yevhen Bambizov said that 80 percent of growth is linked to formally accrued new debts of banks under liquidation. It is unlikely that they will be paid. The authority proposed to halt accruing taxes after annulment of banks’ licenses in Ukrainian law.