Metinvest paid UAH 20.5 billion in taxes in 2022

In 2022, income tax amounted to UAH 6.6 billion

In 2022, Metinvest Group, taking into account associated companies and joint ventures, transferred UAH 20.5 billion of taxes and fees to the budgets of all levels in Ukraine. It is stated in the company’s press release.

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.

At the same time, in the conditions of hostilities, Metinvest’s Ukrainian enterprises last year increased the subsoil use fee by 10% y/y – up to UAH 3.2 billion, land fee – by 28% y/y, up to UAH 1.1 billion.

The amount of environmental tax directed to the state and local budgets of Ukraine in 2022 is more than UAH 600 million.

According to Yuriy Ryzhenkov, the CEO of the Metinvest group, 2022 has become a difficult year for the country and, in particular, for business. The company’s Ukrainian enterprises operate under the constant threat of enemy shelling and in conditions of electricity shortages.

“We had to reorganize our work, in particular due to the shutdown of the Mariupol plants and logistical limitations. However, the Group remains one of the largest taxpayers in the country and one of the largest private sponsors of the Ukrainian army. We will continue to be a reliable support for the country – before and after Ukraine’s victory over the enemy,” noted Yuriy Ryzhenkov.

As GMK Center reported earlier, the Ukrainian steel mills of the Metinvest Group, including the joint venture  Zaporizhstal, in 2022 set up the production of 24 new types of steel products. The company’s enterprises, as far as possible, are adapting to new realities and have established the production of new products, in particular, partially compensated for the production of assets in the temporarily occupied Mariupol.

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.