WOG filling stations network continues the tradition of public reporting on taxes and fees paid. Thus, the company transferred a total of UAH 6.619 billion to the budgets of all levels, which is 0.6% of the consolidated budget for 9 months of 2023, according to UNN .
This amount includes income tax, VAT on on goods and services sold, retail excise tax, personal income tax personal income tax, military duty, land fee, mandatory state pension insurance.
"Today, every hryvnia of taxes is more important than ever is more important than ever, because it means weapons and supplies for our military. It was the fuel retail industry started the tradition of public reporting on taxes paid. This is how we understand the task of large systemic national companies to create a public awareness demand for transparency and openness in business so that consumers can consciously to choose a responsible business as the place of their main purchase," emphasized Mykola Tsyrkin, CFO of WOG filling stations.
In addition, despite the war, the WOG continues to fulfill its obligations to its creditors, primarily to state-owned banks. Thus, since the full-scale invasion, the company has not only did not stop payments, but also came out of the financial restructuring with state-owned Oschadbank. As Oschadbank itself noted, "...the bank decided to to stop recognizing the loan portfolio of the WOG group of companies as problematic and to transfer the client to servicing within the framework of standard approaches and policies as a stable business. This is the first decision of Oschad to complete the financial restructuring procedure for a large corporate client. business." If we translate this into a language that our clients understand, for 9 months of 2023, 1.6 hryvnias from each liter of fuel sold was used to pay to state-owned banks.
The WOG filling station network will continue to initiate humanitarian projects, as well as fulfill its obligations to society by paying all taxes and fees in good faith.