Kametstal paid UAH 1 billion in taxes to the budgets of Ukraine in January-September 2022

In January-September 2022, Kametstal Iron and Steel Works transferred almost UAH 1 billion in taxes to the budgets of different levels of Ukraine. This is stated in the press release on the company’s Facebook page.

More than 400 million hryvnias were transferred to the city budget of Kamianske – land fee, tax on individuals and other fees. Almost UAH 586 million was paid to the regional and state budgets.

“Despite the war, steelmakers are working, supporting the stable and productive operation of the country’s production facilities. Let’s walk together to Victory!”, the message says.

As GMK Center reported earlier, the Metinvest Group, taking into account associated companies and joint ventures, in January-September 2022, transferred almost UAH 18 billion of taxes and fees to the budgets of all levels in Ukraine.

Despite the war in the country, in 9 months of 2022, the Group’s enterprises increased the payment of rent for iron ore mining by 40% compared to the same period last year – up to UAH 2.9 billion. The land fee for this period increased by 35% y/y – up to UAH 856 million.

“In these difficult times, we are trying to support the country’s economy in any possible way. Despite the shutdown of several enterprises in Mariupol and Avdiivka, Metinvest remains one of the largest taxpayers, a reliable pillar of the Ukrainian economy,” commented the CEO of Metinvest Yuri Ryzhenkov .

As GMK Center reported earlier, in 2021 Metinvest increased tax payments and fees to the budgets of all levels of Ukraine by 2.4 times compared to 2020 – up to UAH 52.7 billion.