Business news from Ukraine

Business news from Ukraine

Philip Morris Ukraine Paid 31.7 Bln Hryvnia in Taxes for First Half of Year

PJSC “Philip Morris Ukraine” and LLC “Philip Morris Sales and Distribution” paid a total of 31.7 billion UAH in taxes for January–June 2026, which is 10% higher than the figures for the same period last year, according to a company press release.

The bulk of the payments consisted of excise tax—24 billion UAH—and value-added tax (VAT)—7.1 billion UAH.
“In the first half of the year, we managed to increase the amount of taxes paid by 10%. This was made possible by an increase in excise tax rates on tobacco products, despite a decline in market volumes and the consequences of the missile attack on our factory and warehouses,” the press service quoted Serhiy Kalnoochenko, CFO of Philip Morris Ukraine, as saying.

According to Kalnoochenko, since the start of the full-scale invasion, the company has paid more than 212 billion hryvnias to the budget, which is one of the highest figures among businesses in Ukraine.
“This is a real contribution by our business to funding defense, social programs, and economic recovery. However, this amount could have been at least 25–28 billion hryvnias higher if the country had been able to overcome the problem of the illegal tobacco trade. Instead, the market for illegal cigarettes continues to grow every quarter,” Kalnoochenko emphasized.

According to estimates by Kantar Ukraine in April 2026, the volume of the illicit tobacco market has grown again and now stands at 19.8%. With such market volumes, annual losses to the state budget due to unpaid taxes are estimated at a record 33.3 billion hryvnias, the statement noted.

Philip Morris Ukraine PJSC has been operating in the Ukrainian market since 1994 and is one of the largest taxpayers. In 2024, the company opened a new factory in the Lviv region, investing $30 million and creating 250 jobs. Last year, the company invested $5 million in promoting its “ZYN” nicotine pouch brand in Ukraine; this year, it plans to invest another $10 million in developing the nicotine pouch category and launching a new product line under the brand.

In late January 2026, part of the company’s Kharkiv factory was damaged in a nighttime missile strike; operations at the facility have been suspended since February 24, 2022. The company’s preliminary estimate of the damages is $16 million.
On the night of July 8, the company lost its finished goods warehouse in Kyiv due to Russian shelling.

The company also provides humanitarian aid to communities in the Kharkiv, Lviv, and Kyiv regions, and collaborates with the rehabilitation funds Superhumans, U+System, and UNBROKEN. Since the start of the full-scale invasion, projects totaling 431 million hryvnias have been implemented.

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Ukraine Received $3.35 Bln from World Bank

Ukraine has received $3.35 billion as part of the First Labor Market Development and Private Sector Growth Program, implemented jointly with the World Bank; the funds have already been transferred to the state budget and will be used to support macrofinancial stability and finance priority expenditures under martial law, Prime Minister Yulia Svyrydenko announced.

According to her, the funds were the result of agreements signed by Ukraine and the World Bank on June 24 as part of the Ukraine Recovery Conference (URC 2026).

“This funding was made possible by a large-scale reform package. To fulfill the program’s conditions, the government and the Verkhovna Rada adopted 13 laws and 7 subordinate regulatory acts,” Svyrydenko stated in a post published on Facebook.

The reforms covered a number of areas, including improving the public procurement system, developing factoring, integrating energy markets with the European Union, transforming the agricultural sector, supporting veteran entrepreneurship, developing housing policy, modernizing preschool and vocational education, and restoring the system for monitoring greenhouse gas emissions.

“The next phase of the program provides for the allocation of an additional $1 billion by the end of 2026, subject to the fulfillment of certain conditions,” the prime minister noted.

She also reported that part of the funding under the program is backed by guarantees from the governments of the United Kingdom and Japan.

Source: https://www.facebook.com/share/p/18v8tuSZnE/?mibextid=wwXIfr

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Local budgets received 73.5 mln hryvnias in parking fees

Taxpayers in Ukraine paid 73.5 million hryvnias in parking fees to local budgets from January to April 2026, which is 12.3% more than during the same period last year, according to a report on the State Tax Service (STS) website on Thursday.

According to the report, this amount totaled 65.5 million UAH during the first four months of last year.

The agency noted that the leaders in terms of parking fee payments were Odesa Oblast—27.1 million UAH, Lviv Oblast—19.5 million UAH, Dnipropetrovsk Oblast—16.7 million UAH, and Ivano-Frankivsk Oblast—3.8 million UAH.

Tax officials attribute the positive trend to increased legal awareness among business owners, wider adoption of cashless payments, and effective oversight by the State Tax Service, which has ensured transparency in this sector. Funds from this fee remain entirely at the disposal of local communities to finance urban improvements and enhance road infrastructure.

The State Tax Service noted that the payers of the parking space fee are legal entities, their branches, and individual entrepreneurs who operate parking lots, while drivers do not pay this fee. The tax base is the area of the land plot allocated for parking by a local council decision, or the area of municipal garages and parking lots built using local budget funds. The tax rates are set by local authorities at up to 0.075% of the minimum wage per 1 sq. m of land area, which in 2026 amounts to up to 6.49 UAH per 1 sq. m.

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Metinvest’s tax payments in Ukraine totaled 4.3 bln hryvnia in January–March

The mining and metallurgical group Metinvest, including its associated companies and joint ventures, paid UAH 4.3 billion to budgets at all levels in Ukraine in January-March of this year, compared to UAH 4.4 billion for the same period in 2025.

According to the company’s press release on Monday, the top three categories by volume of payments were subsoil use fees, amounting to 1.2 billion UAH; the unified social contribution, totaling 823 million UAH; and 727 million UAH in personal income tax.

In addition, Metinvest’s Ukrainian enterprises paid UAH 351 million in corporate income tax, UAH 328 million in land use fees, UAH 331 million in value-added tax, and UAH 207 million in military tax during January–March 2026. At the same time, the environmental tax increased by 15% compared to the first quarter of 2025, reaching UAH 190 million.

As reported, in 2025, Metinvest paid UAH 18.7 billion in taxes and levies to budgets at all levels in Ukraine. In total, over more than four years of full-scale invasion, including the first quarter of 2026, the group has contributed approximately UAH 78 billion to support the country’s economy.

Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine—in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions—as well as in the European Union, the United Kingdom, and the United States. The holding’s main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.

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“Ukrnafta” transferred 8.86 bln UAH to budget in first quarter

“Ukrnafta” paid 8.86 billion UAH in taxes, fees, and customs duties to the state budget in the first quarter of 2026.

“In total, since the company came under state management, the amount of taxes, fees, and customs duties paid for 2023–2026 has exceeded UAH 106 billion,” noted Bohdan Kukura, Chairman of the Board of JSC Ukrnafta. “This is the company’s systematic contribution to supporting the economy and financing the state’s needs, particularly those of the Armed Forces. I thank the team for their consistent work and results.”

As of the end of 2025, Ukrnafta, as part of the Naftogaz Group, paid 28.8 billion UAH in taxes and fees to the state budget.

JSC “Ukrnafta” is Ukraine’s largest oil producer and operates the country’s largest national network of gas stations—UKRNAFTA. In 2024, the company entered into an asset management agreement with Glusco. In 2025, it finalized a deal with Shell Overseas Investments BV to purchase the Shell network in Ukraine. In total, it operates nearly 700 gas stations.

The company is implementing a comprehensive program to resume operations and modernize the format of gas stations in its network. Since February 2023, it has been issuing its own fuel vouchers and “NAFTACard” cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.

The largest shareholder of Ukrnafta is Naftogaz of Ukraine with a stake of 50% plus one share.

In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state the share of corporate rights in the company that belonged to private owners, which is now managed by the Ministry of Defense.

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Naftogaz Transferred Nearly 20 Bln UAH in Taxes to State Budget

The Naftogaz Group paid 21.739 billion UAH in taxes to budgets at all levels in January–March 2026, the company reported on Wednesday.

Of this amount, 19.7 billion UAH went to the state budget, and over 2 billion UAH to local budgets.

“Despite widespread destruction and constant Russian attacks on oil, gas, and energy infrastructure, Naftogaz remains a reliable taxpayer to the state budget,” said Serhiy Koretskyi, Chairman of the Board of NJSC Naftogaz of Ukraine.

The company added that the Naftogaz Group remains one of the largest taxpayers in Ukraine.

As reported, Naftogaz Group companies paid 44.4 billion hryvnias in taxes during the first six months of 2025, of which 40.7 billion hryvnias went to the state budget.

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