As of year-end 2018, companies of Smart-Holding Group (not including Metinvest and HarvEast) paid UAH 1.721 billion in taxes and fees to budgets of all levels.
Profit tax payments have more than doubled to amount to UAH 275.9 million, and rent/royalty payments have grown up by 69.7% to reach UAH 710.2 million.
The amount of payroll taxes in 2018 came up to UAH 186.7 million.
UAH 76.3 million of individual income tax and UAH 5.9 million of land tax have been paid to local budgets.
As Alexey Pertin, the CEO of Smart-Holding, noted: “Most of the tax payments were made by gas production companies of the Group that are part of Smart Energy. Rent payments accounted for almost half of this amount, of which UAH 37 million was paid to local budgets. All of these companies, in addition to having a mandatory tax burden, actively cooperate with local communities, providing them with charitable support.”
According to Metinvest, associated companies and joint ventures being factored in, the group paid UAH 22.2 billion to the budgets of all levels in Ukraine in 2018, which is 50% more than the 2017 tax payments.
Smart-Holding is one of the largest Ukrainian industrial and investment groups combining companies that share common strategic goals and business principles. Interests of Smart-Holding focus on the industries that are the key ones for the economy of the country. Companies of Smart-Holding Group invest in metals and mining, oil and gas segment, banking, agriculture, development, shipbuilding and real estate. Smart-Holding's enterprises also participate in other business projects as portfolio investors.
