Metinvest Group’s Zaporizhzhia-based steel and mining enterprises, Zaporizhstal, Zaporozhogneupor, Zaporozhkoks and Zaporizhzhia Foundry and Mechanical Plant (ZLMZ), increased their payments to budgets of all levels by 35% year-on-year in January-September this year, totaling more than UAH 2.1 billion in taxes and fees.
According to the group’s press release on Friday, the most significant payments in terms of volume are the unified social tax and the single personal income tax. A significant share of deductions is also accounted for by the payment of environmental and land taxes and military fees.
“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 public sector and the foundation for sustainable development of the frontline region. That is why, despite all the difficulties of wartime, our enterprises remain a reliable pillar of Zaporizhzhia,” said Taras Shevchenko, acting CEO of Zaporizhstal.
At the same time, 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 restore destroyed infrastructure.
As reported earlier, including associates and joint ventures, Metinvest Group increased its tax payments to the Ukrainian budget by 38% to over UAH 15 billion in the first nine months of 2024. Since the beginning of the full-scale invasion, Metinvest 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 Rinat Akhmetov’s Steel Front military initiative. The Group remains a reliable support for the country in its fight against the enemy.
In 2023, Metinvest’s Zaporizhzhia enterprises paid more than UAH 2.1 billion to the budgets of all levels, including more than UAH 818 million to local budgets. At the same time, under martial law, they waived tax benefits worth more than UAH 350 million in favor of the state.
Taking into account its associated companies and joint ventures, Metinvest paid UAH 14.6 billion in taxes and fees to the budgets of all levels in Ukraine in 2023. Since the beginning of the full-scale war, the Group has allocated UAH 4.8 billion to help Ukraine and its citizens, including more than UAH 2.5 billion for the needs of the army.
In 2022, Metinvest’s Zaporizhzhia enterprises paid about UAH 3.4 billion to budgets of all levels, including almost UAH 820 million to local budgets last year.
“Zaporizhstal is one of the largest industrial enterprises in Ukraine, whose products are widely known and in demand in the domestic market and in many countries around the world. “Zaporizhstal is in the process of being integrated into Metinvest Group, whose major shareholders are System Capital Management (71.24%) and Smart Holding Group (23.76%). Metinvest Holding LLC is the management company of Metinvest Group.
