National budget received 1.59B hryvnia in taxes from president's confectionery corporation in 2017

Roshen Confectionery Corporation owned by Ukrainian President Petro Poroshenko paid 1.592 billion hryvnia (about $55,086,505) in taxes to the national budget in 2017.

As reported by Censor.NET, the corporation's press office told Interfax-Ukraine.

Roshen's tax proceeds in 2017 include 432.4 million hryvnia in corporate income tax, 13.4 million hryvnia in military tax, 801.6 million in VAT, and 171.6 million hryvnia in unified social tax.

Some 172.9 million hryvnia was paid to local budgets, including 160.8 million hryvnia in personal income tax and 12.1 million hryvnia in land tax and other taxes.

Earlier, the State Fiscal Service of Ukraine published a letter saying that Central-European Confectionary Company LLC - Roshen Corporation's core company - ceased being a VAT payer.

The corporation said that Central-European Confectionery Company LLC, the parent company of Roshen Confectionery Corporation subsidiary, is only engaged in investment, which is not subject to VAT.

As reported, the corporation paid 1.545 billion hryvnia in taxes in 2016 and 1.337 billion in 2015.

Roshen Corporation is one of the world's top 30 largest confectionery manufacturers. It includes confectioneries in Kyiv, Kremenchuk, and Vinnytsia as well as Vinnytsia-based dairy plant, Klaipeda Confectionery in Lithuania, and the BonbonettiChoco factory in Hungary. The Lipetsk-based confectionery (the Russian Federation) stopped production on April 1, 2017.

According to the contract signed by President Petro Poroshenko in January 2016, he transferred his 85 percent 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 Moskalevskyi owns 13 percent through the Kondyterinvest investment fund, and four other top managers own 0.5 percent each.

Источник: https://censor.net.ua/en/n3046467