Kryvyi Rih enterprises of Metinvest paid UAH 9.2 billion in taxes in 2022

Income tax for the year amounted to UAH 2.67 billion

Krivoy Rog enterprises of Metinvest, despite the difficulties with logistics and temporary shutdowns of production, paid UAH 9.2 billion in taxes and fees to the budgets of all levels in 2022. This is stated in the Metinvest.Media’s press release.

Income tax for the year amounted to UAH 2.67 billion, the amount of SSC paid is UAH 1.31 billion. Personal income tax amounted to UAH 1.12 billion.

“Last year, Metinvest’s enterprises in Kryvyi Rih operated at full capacity for only two months. With the beginning of the war, problems arose with the transportation of finished products of mining and processing plants, because of this, the load decreased, some plants went into idle time for a while. Attacks on the country’s energy sector led to the restriction of electricity supply. Despite the difficulties, the Kryvyi Rih enterprises of the Group remained a strong pillar of Ukraine and fulfilled their tax obligations,” the statement says.

Also, in 2022, Kryvyi Rih enterprises of Metinvest increased the rent for the use of subsoil to UAH 3.1 billion, and the payment for land – to UAH 440.5 million.

Northern, Southern, Central and Ingulets Minings paid the most amount of taxes.

As GMK Center reported earlier, Metinvest Group, including associated companies and joint ventures transferred UAH 20.5 billion taxes and fees to the budgets of all levels in Ukraine. The largest were the income tax in the structure of taxes and fees – UAH 6.6 billion, the single social contribution – more than UAH 4 billion, and the personal income tax – 3.7 billion.

Also, during the 10 months of the war, Metinvest allocated more than UAH 2.8 billion to strengthen the country’s defense capabilities, support employees and civilians. The company is one of the largest suppliers of ammunition for the army among private Ukrainian businesses.