Metinvest’s Minings paid UAH 5.7 billion in taxes in 2024

Payments increased by 2.5 times

Metinvest’s Northern, Central and Ingulets Minings paid UAH 5.7 billion to the budgets of all levels in 2024, up 2.6 times from UAH 2.2 billion in 2023. Even during the war, mining and processing enterprises remain a reliable pillar of Ukraine, Metinvest.Media said in a press release.

Last year, the tax on subsoil use was the main source of budget revenues, amounting to UAH 2.7 billion. A significant share of deductions came from the unified social tax (UAH 673 million) and personal income tax (UAH 595 million). The environmental tax and land fees also contribute to the state and local budgets.

“It is the iron and steel companies that are the largest taxpayers and support the Ukrainian economy despite the war and challenges. These funds are needed today to help the social sector – healthcare, education, and most importantly, they support Ukraine’s defense capability. Metinvest’s Kryvyi Rih mining and processing plants not only pay taxes on time and in full, but also remain one of the main employers in the region, providing jobs for thousands of specialists, including veterans returning from the war,” commented Igor Tonev, CEO of Metinvest’s Minings.

As GMK Center reported earlier, including associates and joint ventures, Metinvest Group increased its payments of taxes and duties to the budgets of all levels in Ukraine by 36% in 2024 to UAH 19.8 billion compared to 2023.