PJSC “Kyivmiskbud” Holding Company contributed 81,364,000 UAH to the state and local budgets between April 1, 2023, and March 31, 2026, the company’s press service reported.
“Kyivmiskbud” once again demonstrates transparency and financial discipline. Even under challenging anti-crisis conditions, the company remains a conscientious taxpayer. We operate transparently, comply with legal requirements, and are systematically moving forward,” said Yuriy Tykhonovych, acting chairman of the holding company’s board of directors.
From July 8 to August 18, 2026, “Kyivmiskbud” underwent a scheduled on-site audit by the Main Directorate of the State Tax Service in Kyiv. The audit examined compliance with tax, foreign exchange, and other laws for the period from April 1, 2023, to March 31, 2026, as well as the timeliness of payments of the unified social contribution (USC) from July 1, 2021, to March 31, 2026. A corresponding report was drawn up based on the results of the inspection.
During the specified period, “Kyivmiskbud” paid 81,364,000 UAH to the state and local budgets, of which land rent amounted to 28,086,000 UAH; Unified Social Contribution (USC) – 20,830,000 UAH; personal income tax (PIT) – 17,764,000 UAH; land tax – 6,143,000 UAH; real estate tax – 5,199,000 UAH; military levy – 3,304,000 UAH; income tax – 34,850 UAH.
At the same time, late payment of land rent for 2023 in the amount of 647,800 UAH was identified, the company’s losses for the reporting period were reduced, and additional income tax for the third quarter of 2023 in the amount of 1,833,000 UAH was assessed.
As previously reported, Kyivmiskbud’s balance sheet includes 24 construction sites where more than 120 residential buildings at various stages of completion have been erected. The total area of unfinished construction exceeds 548,000 square meters. The developer began restoration work in March 2026 at a number of sites. In July, the “Podol Grad” residential complex was commissioned. Five more projects are at an advanced stage of completion (the “Freedom” residential complex, the “Twin House” residential complex, the “Oberig-2” residential complex (Building 1), the “Rainbow” residential complex, and the “Gvardeysky” residential complex).
Active construction and installation work is underway at four additional sites.
Kyivmiskbud Holding Company was established in 1994 on the basis of the assets of the state-owned municipal construction corporation “Kyivmiskbud” by consolidating controlling stakes in 28 enterprises and other assets into its authorized capital. It comprises 40 joint-stock companies in which the company holds shares, as well as six subsidiaries and 51 companies with associate member status.
According to data from the National Securities and Stock Market Commission (NSSMC), the Kyiv City Council is the majority shareholder of Kyivmiskbud Holding Company PJSC.
The Central, Ingulets, and Northern Mining and Processing Complexes (MPCs) of the Metinvest Mining and Metallurgical Group, which were merged into the United Mining and Processing Complex, transferred 2.8 billion hryvnias to budgets at all levels for the January–June period of this year, which is 200 million hryvnias more than in the same period last year.
According to the company’s press release, Metinvest’s Kryvyi Rih mining and processing plants remain a reliable financial foundation for Ukraine even during the war and economic crisis, channeling billions of hryvnias into budgets at all levels. As has traditionally been the case, the main sources of revenue remain subsoil use fees—1.3 billion hryvnias—the unified social contribution—nearly 400 million hryvnias—and personal income tax—350 million hryvnias.
“Ukraine’s mining and metallurgical sector is going through an extremely difficult period; however, thanks to our professional and responsible specialists, Metinvest’s mining and processing plants continue to operate amid shelling and severe logistical and export restrictions. And even despite the decline in production, the United Mining and Processing Complex consistently pays all required taxes and fees. Because taxes right now mean support, protection, and survival for the country as a whole and for local communities in particular,” said Igor Tonev, CEO of the United Mining and Processing Complex.
As previously reported, including its associated companies and joint ventures, the Metinvest Group paid 8.5 billion UAH in taxes and fees to budgets at all levels in Ukraine during the first half of 2026.
In the first quarter of 2026, the United Mining and Processing Complex transferred 1.3 billion UAH to budgets at all levels.
Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its facilities are located in Ukraine—in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions—as well as in European Union countries, 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.
BUDGET, KRYVYI RIH, METINVEST, TAX, ГЗК
As of July 2026, sole proprietors registered in Kyiv owed the state 2.61 billion UAH in taxes, the highest figure among Ukraine’s regions, according to data from the State Tax Service analyzed by Opendatabot.
The capital accounts for about 16% of the country’s total tax arrears owed by sole proprietors, which amount to 16.6 billion hryvnias.
In second place is the Odesa region, with entrepreneurs owing about 1.6 billion hryvnias; in third place is the Kyiv region, with 1.37 billion hryvnias.
Collectively, Kyiv, Odesa, and Kyiv regions account for approximately one-third of all tax debts owed by Ukrainian sole proprietors.
At the same time, Kyiv region leads in the number of debtors, with 182,640 sole proprietors owing tax debt. Over the past year, their number has increased by approximately 1.5 times.
The Odesa Oblast has 119,470 individual entrepreneurs in debt, while the Kharkiv Oblast has 101,500.
In total, approximately 1.5 million individual entrepreneurs in Ukraine owe taxes, amounting to a total of 16.6 billion hryvnias.
Source: Opendatabot, data from the State Tax Service of Ukraine as of July 2026.
Restricting access to information about the tax debts of specific sole proprietors deprives Ukrainian businesses of one of the tools they use to vet potential business partners, according to Opendatabot CEO Alexei Ivanikin.
According to the service’s data, as of July 2026, approximately 1.5 million sole proprietors have tax debts, and the total amount of debt reaches 16.6 billion UAH.
However, since the start of the full-scale war, the State Tax Service has not published a public list of specific entrepreneurs in debt, even though data from the Unified State Register and general statistics on tax arrears remain publicly available.
“It is difficult to explain this restriction on security grounds: information about an individual entrepreneur’s tax debt does not contain any defense-related or strategically important details,” Ivanikin stated.
In his view, transparency of information has direct economic significance.
“When information about tax debt is public, entrepreneurs have an additional incentive to pay it off, as it affects their reputation and the choice of business partners. Since the start of the war, businesses have lost one of the tools for vetting counterparties and cannot see whether a potential partner is paying taxes,” noted the CEO of Opendatabot.
The number of entrepreneurs with tax arrears has increased approximately 2.3-fold since the start of the full-scale invasion—by 840,000 people—and the total amount of arrears has risen by 9.6 billion hryvnia.
In Ukraine, 1.5 million sole proprietors have tax debt, the total amount of which reached 16.6 billion UAH as of July 2026, according to data from the State Tax Service published by Opendatabot.
Since the beginning of 2026, the number of individual entrepreneurs with tax debt has increased by approximately 3%, while the total amount of debt has decreased by 300 million UAH.
On average, each individual entrepreneur with tax debt owes the state about 11,000 UAH in unpaid taxes.
In recent years, the number of entrepreneurs with tax debts has been growing by an average of about 16% annually.
Since the start of the full-scale war, the number of individual entrepreneurs in debt has more than doubled—by approximately 840,000 people—and the total amount of debt has increased by 9.6 billion hryvnias.
Thus, while at the start of the full-scale invasion, approximately 660,000 entrepreneurs had tax debts totaling about 7 billion UAH, by mid-2026 both figures had more than doubled.
Source: Opendatabot, based on data from the State Tax Service of Ukraine.
Indonesian authorities have begun reviewing the residency and taxation rules for foreign digital nomads and other remote workers, whose numbers are growing, particularly in Bali and other popular tourist regions of the country.
Hendarsam Marantoko, Director General of the Indonesian Immigration Service, announced at a press conference that the agency, in collaboration with the tax service and other government agencies, is exploring possible legislative changes regarding foreign professionals who are physically present in Indonesia but work for companies abroad.
According to Marantoko, the current system creates a legal conflict. Standard work visas are primarily intended for foreigners employed by Indonesian employers, whereas digital nomads earn their income outside the country. The authorities need to determine whether they should be considered primarily as long-term foreign visitors who spend money on housing, food, and services, or as working residents subject to tax obligations.
That said, a separate legal framework for remote work in the country already exists. The current visa classification includes the E33G Remote Worker category for foreigners who are employed by a company located outside Indonesia and perform this work from within the country.
One of the key issues in the upcoming review will be taxation. According to current guidelines from the Indonesian Directorate General of Taxes, a foreign national can generally obtain domestic tax resident status if they reside in the country for more than 183 days within a 12-month period or demonstrate an intention to reside permanently in Indonesia. These rules may also apply to digital nomads, depending on specific circumstances and international double taxation treaties.
The Indonesian authorities have not yet disclosed the specific details of the new rules or the timeline for their implementation. The Immigration Service has stated that official changes will be announced after the completion of an interagency review. At the same time, the authorities aim to preserve the economic benefits of having remote workers while strengthening oversight of immigration violations, overstaying visas, and undeclared economic activities.
Bali remains one of the world’s largest hubs for digital nomads: foreigners who live here long-term drive demand for rental housing, restaurants, coworking spaces, and other services. Therefore, changes to visa and, especially, tax regulations could directly affect a significant portion of foreigners who use the island as a permanent base for remote work.
