In 2024 ArcelorMittal Kryvyi Rih paid 6.6 billion UAH of taxes to the budget

In 2024 tax payments to the budgets of all levels of ArcelorMittal Kryvyi Rih amounted to 6.6 billion UAH of taxes and fees, which is over 60% more than in 2023. 727 million UAH of those were paid to the state budget, and 3 billion UAH – to the local budgets. Additionally, the company transferred nearly 830 million UAH of unified social tax, and 2.1 billion UAH of value added tax on raw material and supplies import.

In the tax and fees structure of 2024 the most significant amount was land tax paid. For example, near 2.2 billion UAH of land tax were paid at the disposal of Kryvyi Rih local community, which is over 0.8 billion UAH more compared to year 2023. This tax has become a major component of the increase in payments to local budgets.

Pavlo Zadorozhnyi, Chief Financial Officer of PJSC ArcelorMittal Kryvyi Rih:

“ArcelorMittal Kryvyi Rih remains a reliable state partner despite war time challenges and difficult financial situation of the company. In 2024 the company strove to break even and carried out significant internal work to reduce costs. However, instability in energy supply due to enemy attacks, high electricity tariffs and the need for electricity imports, expensive logistics cost, unfavorable situation in global markets have, unfortunately, created additional obstacles. For the third consecutive year we still work with a loss. Despite all this, we continue to work on the improvement of operational and financial performance in order to be able to provide future development of the company and its staff, as well as provide stable tax revenues to the state budget and local communities.”

Reference:

Within 19 years of ArcelorMittal work in Ukraine, the company has paid more than 109.8 billion UAH of taxes and fees, including 23.6 billion UAH – income tax, near 25.5 billion UAH – wage bill taxes, 3.3 billion UAH – environmental tax, 10 billion UAH – land payment, 6 billion UAH – rental payment, 2.1 billion UAH – withholding tax, as well as 38.9 billion UAH – VAT for import and 0.4 billion UAH – other taxes and fees.