A-95 experts urge the State Tax Service to pay attention to the declaration and payment of income tax by chain stations.
Most gas station chains hide profits to avoid taxes. This was stated by the A-95 Consulting Group based on an analysis of the payment of income taxes of the largest 48 gas station networks in the third quarter of 2023.
First of all, experts draw attention to the disproportionality of the payment of PIT and the sale of fuel: 72.5% of this tax on the largest players was paid by the OKKO network (UAH 432 million), although it has 23.5% of the fuel sales.
The next largest network in terms of PNP payments is WOG – 72 million UAH (share in PNP payments is 12%, in sales – 18%).
Accordingly, the remaining 46 networks with a total share of sales of 58.5% paid 15.5% (UAH 94 million).
In the third quarter of 2023, 34 out of 48 networks showed zero or minimal profit of up to UAH 1 million. Among them are well-known networks such as Socar, Shell, UPG, U.GO (NAK Naftogaz), Motto.
Also, given the income tax payment indicator, A-95 calculated the revenues of each gas station and estimated their payback period under such conditions. According to the group’s calculations, an OKKO network facility brought in UAH 1.6 million. net income per month, while WOG station is 316 thousand UAH, capital KLO is 297 thousand UAH.
Every station BRSM-oil earned 139 thousand UAH, Advantage 7 – 135 thousand UAH, which is less than the regional network of Chipo (167 thousand UAH profit) and a small Poltava network Autotrans (177 thousand UAH).
One of the lowest indicators – 4 thousand UAH of net income per month per station – is in the UPG network.
Such indicators, according to the director of A-95 Sergei Kuyun, are not related to the development of networks, in particular, to the construction of new and reconstruction of existing filling stations,
The most realistic period in this area, in his opinion, is the OKKO network – three years, and if we consider that each station costs $1.5-2 million, then the payback period is 4.5-6 year.
A-95 experts call the State Tax Service to pay attention to the declaration and payment of income tax of gas station networks.
According to experts, the potential for increasing budget revenues from the retail market is at least UAH 9 billion per year.
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We remind you that gas stations have reduced the price of gasoline and diesel.
As we wrote earlier, the fall in autogas prices is caused by both strong import volumes and a significant drop in consumption.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.