GFS requires Naftogaz “share” of the money Gazprom

ГФС требует от Нафтогаза "долю" с денег Газпрома

Naftogaz refuses to pay more than 16 billion VAT won from Gazprom payment

Fiscal service needs to pay 600 million euros of value added tax on the winnings in arbitration.

The state fiscal service requires Naftogaz to pay 16.3 bn UAH of the VAT in dispute viagraname company Gazprom in the Stockholm arbitration on the contract for the transit. This is stated in the draft prospectus of Eurobonds of the NJSC, writes Interfax-Ukraine on Thursday, 8 November.

The company reports that received a tax notice about the understatement of tax liabilities to pay value added tax (VAT) to UAH 16.3 bn ($0.6 billion) in connection with any dispute.

“Naftogaz has objected to the conclusion of a tax audit, and as at the date of the prospectus was not a revised decision of the tax authorities, any change in the position of the company”, – stated in the document.

NAK explains that the Stockholm arbitration court awarded him $4.63 billion, of which us $3.87 billion in compensation for losses and damages, and $0,76 billion percent. According to the company, to 2016 service in transit was not subject to VAT, so the company paid 4.75 billion UAH of this tax only compensation for 2016-2017, and $0.9 billion of awarded $3.87 billion, However, the SFS found wusu the amount of the compensation payment for services on which to charge VAT in 2018.

The draft prospectus also refers to tax claims and to “daughter” NAC – Ukrtransgaz: about 2.34 billion in liabilities for VAT and income tax and about 1.57 billion UAH (total around $0.15 billion) incorrectly calculated losses, however the company challenged this tax insights in court.

Recall that in late February the Stockholm arbitration court satisfied the claim of Naftogaz, Gazprom is obliged to pay the Ukrainian company of $4.63 billion for failure to supply gas transit contract. Taking into account the debt of the Ukrainian party for gas deliveries of about $2.1 billion, the Russian company owes $2.56 billion


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