Environmental tax revenues totaled ₴47.9 million in January

According to SafeEcoBot, the environmental tax paid by Ukrainian companies in January totaled ₴47.9 million.

As on 1 February, the largest environmental tax payers were companies of Dnipropetrovsk oblast (₴12.09 million) and Donetsk oblast (₴11.2 million).

TOP 10 environmental tax payers also included the following mining & metals companies:

• Northern GOK — ₴14.7 million;
• Ilyich Iron and Steel Works of Mariupol — 5.9 million;
• ArcelorMittal Kryvyi Rih — ₴5 million;
• Azovstal — ₴3.4 million.

In 2019, Ukraine’s environmental tax revenues increased by 40% to ₴3.9 billion compared to the previous year.

The local environmental tax revenues grew by 4.7% to ₴2.2 billion compared to 2018.

As reported earlier, in 2019, the Ukrainian government increased the environmental tax rate by almost 25 times, from ₴0.41/ton to ₴10/ton.

According to the current Tax Code of Ukraine, environmental tax revenues are distributed between budgets of different levels in the following proportions:

• local budgets — 55% (except for taxes on СО₂ emissions and production and storage of radioactive waste, which go to the national budget in full);
• national budget — 45%.

Earlier, the European Business Association (EBA) urged the Ukrainian Parliament to allow Ukrainian industrial companies to use up to 70% of the environmental tax to compensate costs of environmental measures. According to EBA, polluting companies pay around ₴5 million of environmental tax annually.