Metinvest’s Zaporizhzhia enterprises paid UAH 2.1 billion in taxes over 9 months

Payments increased by 35% y/y

In January-September 2024, Zaporizhzhia enterprises of Metinvest Group – Zaporizhstal, Zaporizhvognetryv, Zaporizhkoks and Zaporizhzhia Foundry and Mechanical Plant – paid a total of more than UAH 2.1 billion in taxes and fees to the budgets of all levels, which is 35% more than in the same period last year. This was reported to GMK Center by the company’s press service.

The most significant deductions in terms of volume are the unified social tax and the single personal income tax. Another significant portion of deductions is made for environmental and land taxes and military duty.

“Metinvest Group’s enterprises remain among the largest taxpayers in Zaporizhzhia. In the first nine months of this year, Metinvest’s steelmakers paid almost UAH 700 million to the local budget, a quarter more than last year. Taxes are the basis of the community’s public sector and the basis for sustainable development of the frontline region. Therefore, despite all the difficulties of wartime, our enterprises remain a reliable support for Zaporizhzhia,” said Taras Shevchenko, acting CEO of Zaporizhstal.

In addition, the company’s enterprises in the region systematically implement socially important projects to reintegrate war veterans and support their families, help vulnerable groups of the population, assist in eliminating the consequences of shelling and restoring destroyed infrastructure, etc.

As GMK Center reported earlier, including associates and joint ventures, Metinvest increased its tax payments to the Ukrainian budget by 38% to over UAH 15 billion in 9M2024. Since the beginning of the full-scale invasion, the company has allocated UAH 7.5 billion to help Ukraine and its citizens, including UAH 4 billion for the needs of the army as part of the Steel Front military initiative.

In 2023, Metinvest Group paid UAH 14.6 billion in taxes and duties to the budgets of all levels in Ukraine. 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. In 2023, the company’s Zaporizhzhia plants paid over UAH 2.1 billion in taxes.