Metinvest paid over UAH 15 billion in taxes in January-September

Payments increased by 38% y/y

In January-September 2024, Metinvest Group, including its associates and joint ventures, increased its payment of taxes and fees to the budgets of all levels in Ukraine by 38% compared to the same period in 2023, to UAH 15.2 billion. This is stated in the company’s press release.

The largest payments are: payment for subsoil use – UAH 4.2 billion (+2.8 times y/y), single social contribution (SSC) – UAH 2.8 billion (+16% y/y), personal income tax – UAH 2.5 billion (+11% y/y).

Land payments in January-September 2024 increased by 6% y/y – to UAH 948 million, and environmental tax by 21% y/y – to UAH 543 million. At the same time, income tax payments decreased by 32% to UAH 1.9 billion.

“In a time of war, paying taxes is critical to supporting the Ukrainian economy. Our company’s main objective is to strengthen the country’s defense capabilities by all means available: to be a reliable employer, investor, manufacturer of steel products for the frontline and supplier of ammunition and equipment to the Armed Forces. Only by working together can we create a solid foundation for Ukraine’s victory and ensure a peaceful future for Ukrainians,” said Yuriy Ryzhenkov, CEO of Metinvest Group.

In the first half of the year, the company increased its tax payments to the Ukrainian budget by 1.5 times to UAH 10 billion.

In 2023, Metinvest Group paid UAH 14.6 billion in taxes and duties. The largest contributions included a single social contribution of UAH 3.3 billion, income tax of UAH 3.2 billion and personal income tax of over UAH 3 billion.