Parallel pays UAH 1.71 billion to Ukraine's budget

Parallel pays UAH 1.71 billion to Ukraine's budget

05.02.2020
Parallel

In 2019,Parallel, a leading regional fuel operator in Ukraine, paid UAH 1.71 billion in taxes and duties to all budgets, including UAH 1.69 billion to the national budget and UAH 21.1 million to local budgets.

Taxes on imported fuel supplies accounted for a lion's share of payments to the national budget (91.3%): the company paid an excise tax of UAH 859 million and value added tax of UAH 702 million at the customs clearance of petroleum products.

"Parallel is guided by the principles of transparency and honesty towards its clients and the state. Paying taxes is a priority issue for our company. Thus, we can actively enhance our contribution to the development of our region and Ukraine as a whole. This approach helps ensure financing for such areas as medicine and education, infrastructure of towns and villages, as well as contributes to timely payment of subsidies and pensions", stated Parallel CEO Svetlana Byshova.