Over 12 months of the previous year, Metinvest's Northern, Central and Ingulets Iron Ore transferred UAH 5.7 billion to the budgets of all levels, that is 2.6 times more than over the same period in 2023 – up UAH 2.2 billion respectively. Thus, even during the war, mining and processing plants remain a reliable pillar of Ukraine's economy.
The main source of filling the budgets last year was the tax on subsoil use, which totalled UAH 2.7 billion. The unified social tax (UAH 673 million) and personal income tax (UAH 595 million) account for a significant share of contributions. Environmental tax and land payments also contributed to the state and local budgets.
It is the mining and metals enterprises that are the largest taxpayers and support the Ukrainian economy despite war and challenges. These funds are needed today to help the social sector - healthcare, education, and most importantly, they support Ukraine's defence capability. Plants of Metinvest's Kryvyi Rih Iron Ore not only pay taxes on time and in full, but also remain one of the main employers in the region, providing jobs for thousands of specialists, including veterans returning from the war", says , CEO of Metinvest's Iron Ore.
— Igor TONIEV, CEO of Metinvest's Iron OreIt's worth reminding that Metinvest Group, including its associates and joint ventures, increased its payments of taxes and duties to the budgets of all levels in Ukraine by 36% in 2024, compared to 2023 to UAH 19.8 billion.
