taxes

In addition, the company sent $12.5 million to its Humanitarian Fund

This measure may affect income, and property tax rates

In case of passing the bill by Ukrainian parliament local authorities will be authorized to impose new taxes, and review current ones

Domestic, and foreign loans are the main source of covering state budget needs

Over the year, the Group increased income tax payments by a factor of 6

The Company transferred ₴13.4 billion in taxes and fees to the budgets of all levels in the same period

Poltava Mining paid ₴4.8 billion in taxes in the same period

Also, the Group paid ₴165 billion in taxes over this period

The sector paid $1 billion to the Pension Fund of Ukraine

Public authorities should also work out a program of tax changes

In 2019, Ukraine’s mining & metals sector lost profits worth $2.8 billion due to negative factors

Ferrexpo Poltava Mining paid over UAH 1.3 billion and over UAH 237 million to the national and local budgets respectively