Metinvest reports increase in tax payments by 38%

For the nine months of 2024, Metinvest Group increased the payment of taxes and fees to UAH 15.2 billion, or by 38% compared to the same period in 2023. The amount is indicated taking into account related companies and joint venture, the group’s press service reported on Tuesday, October 29.

“The largest contribution in terms of volume is the payment for the use of subsoil, which increased 2.8 times compared to the same period last year, to UAH 4.2 billion also Metinvest increased the payment of single social contribution by 16% – in UAH 2.8 billion In addition, the budget received UAH 2.5 billion in personal income tax, which is 11% higher than the figures for the first three quarters of 2023,” the statement said.

Payment for land in January-September 2024 increased by 6% – to 948 million UAH, and the environmental tax – by 21%, to 543 million UAH. At the same time, income tax payments were reduced by 32% – to UAH 1.9 billion.

“During the war, paying taxes is very important to support the economy of Ukraine. The main task of our company is to strengthen the country’s defense capabilities in all available ways: to be a reliable employer, investor, manufacturer of steel products for the front, supplier of ammunition and equipment for the Armed Forces of Ukraine Only through joint efforts can we create a solid basis for the success of Ukraine and ensure a peaceful future for Ukrainians ,” commented the CEO of Metinvest Group, Yuriy Ryzhenkov, on.

It was previously reported that in the first half of 2024, the Metinvest group entered the highest rating of the largest taxpayers in Ukraine, compiled by local media.