10:45 07.11.2017

Roshen pays UAH 1.21 bln of taxes to budget in Jan-Oct

2 min read
Roshen pays UAH 1.21 bln of taxes to budget in Jan-Oct

The Roshen Corporation paid UAH 1.213 billion of taxes to the national budget of Ukraine in January-October 2017, the corporation's press service has told Interfax-Ukraine.

According to the press service, UAH 296.6 million of profit tax, UAH 10.5 million of military tax, UAH 634.1 million of VAT and UAH 135 million of single social security tax were paid.

Some UAH 136.6 million was paid to local budgets, including UAH 126.4 million personal income tax and UAH 10.2 million of land tax and other taxes.

"Mostly (about 90-95%) taxes are paid to the national budget of Ukraine. The rest is paid to the budgets of those countries where there are representative offices of Roshen, namely Poland, Hungary, Lithuania, Russia, Kazakhstan, Romania, Bulgaria, the corporation said.

Roshen said that only in 2016, the corporation paid UAH 1.545 billion of taxes, and in 2015 - UAH 1.337 billion.

As reported, the Organized Crime and Corruption Reporting Project (OCCRP) and Slidstvo.Info published a journalistic investigation, according to which the goal of restructuring the Roshen confectionary corporation and the creation of offshore companies was to minimize taxes, rather than transfer the company to a blind trust.

Poroshenko's lawyers, in turn, insist that they structured Roshen in such a way that all taxes are paid in Ukraine.

Roshen Corporation is one of the top 30 largest confectionery manufacturers in the world. It includes confectionery factories in Kyiv, Kremenchuk and Vinnytsia, and the Vinnytsia Dairy Plant in Ukraine; as well as the Klaipeda Confectionery Factory in Lithuania and the BonbonettiChoco factory in Hungary. The Lipetsk factory in Russia stopped production on April 1, 2017.

According to the contract signed by President Petro Poroshenko in January 2016, he transferred his 85% stake in the corporation to the independent blind trust of Rothschild Trust. The bank managing the trust also has a four-year power of attorney to negotiate the sale of assets. Roshen President Viacheslav Moskalevsky owns 13% through the Kondyterinvest investment fund, and four other top managers own 0.5% each.

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