Sunday, June 26, 2011

Glad to have forgiven the fuel and energy companies 24 billion debt

The Supreme Rada has written off debts of the enterprises of fuel and energy complex in excess of 24 billion hryvnia to the state budget, as well as the corresponding mutual debts to energy companies. For taking on the whole bill number 8351 253 deputies voted, bill number 8352 - 263 MP at the minimum 226 required, according to "Ukrainian News". Adopting the bill number 8351, the parliament has written off debts for natural gas, heat supply companies, gas supply companies (regional gas companies), companies National Joint Stock Company "Naftogaz Ukraine" and its subsidiaries. Also written off debts of the company "Gas of Ukraine" to Naftogaz within the amounts written off heat supplying enterprises and regional gas and energy companies on debt interest and penalties, assessed on debts for gas consumed by them since 1 January 1997 to January 1, 2011 . Adopting the whole bill number 8352, Parliament amended the tax code and cancel the debts of the energy sector companies to the state budget, including tax debts. In particular, the parliament to abolish the debt of Naftogaz and its subsidiaries as of January 1, 2011, as well as separate regional gas debts to the budget and financial obligations that arise from the application of the cancellation. Cancellation is also subject to fines and penalties for VAT at customs clearance of gas tax debt before the budget power companies, defined as at January 1, 2011, and a number of other debts. According to the explanatory note, the amount of such debts energy companies to the state budget is estimated at more than 24 billion hryvnia.

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