In January-September this year, Metinvest Mining and Metallurgical Group, including its associates and joint ventures, increased its payments to the budgets of all levels in Ukraine by 38% year-on-year to UAH 15.2 billion.
According to the company’s press release on Tuesday, Metinvest remains a pillar of the country’s economy amid the full-scale war.
Among the largest payments is the fee for subsoil use, which increased 2.8 times compared to the first and third quarters of 2023, to UAH 4.2 billion. The Group also increased its unified social tax payments by 16% to UAH 2.8 billion. In addition, Metinvest paid UAH 2.5 billion in personal income tax to the budget, up 11% compared to the first three quarters of 2023.
Land payments in January-September 2024 increased by 6% year-on-year to UAH 948 million, and environmental tax by 21% 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. The main task of our company 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.
As reported earlier, Metinvest increased its tax payments to the state budget by one and a half times to UAH 10 billion in the first half of 2024. In 2023, the company paid UAH 14.6 billion to the state budget.
“Metinvest is a vertically integrated group of steel and mining companies. The group’s enterprises are mainly located in Donetsk, Luhansk, Zaporizhzhia and Dnipro regions.
The main shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage it.
Metinvest Holding LLC is the management company of Metinvest Group.
