Repatriation of dividends by businesses in 2017 slightly exceeded the forecasts of the National Bank of Ukraine and amounted to $1.8 billion, according to Deputy Governor of the NBU Oleh Churii.
National oil and gas holding Naftogaz of Ukraine in 2017 paid UAH 106 billion (US$3.8 billion) in taxes and dividends to the national budget, which was almost 1.5 times more year-over-year (y-o-y), according to the company's website.
The National Bank of Ukraine (NBU) has expanded opportunities for businesses on repatriating dividends abroad in foreign currency, allowing companies to pay dividends for 2013, in addition to dividends for 2014-2016, within US$2 million a month per legal entity (issuer, depository institution, or foreign investor), according to the NBU website.
The volume of dividends businesses have withdrawn from Ukraine to foreign investors in 2017 amounted to US $1.1 billion, Deputy Head of the National Bank of Ukraine Oleh Churii told reporters Thursday.
The national oil and gas holding Naftogaz of Ukraine paid UAH 71.8 billion in taxes and dividends to the state budget in seven months of 2017, while in 2016 this amount was UAH 74 billion, the company press service reports.
The National oil and gas holding Naftogaz of Ukraine has transferred UAH 13.3 billion of 2016 dividends to the state budget, according to the company's press service.
National oil and gas holding Naftogaz of Ukraine will channel UAH 13.2 billion, or US$ 496.2 million, in dividends, which is 50% of the company's net profit, to the state budget in line with its financial performance in 2016, according to the corresponding decision made at a government meeting on Wednesday, April 26, the Economic Development and Trade Ministry's press service reports.