Revenues from value-added tax and corporate income tax saw the steepest declines
Metinvest Group paid 13 billion hryvnias in taxes and fees to budgets at all levels in Ukraine during January-September 2026. This figure is 6% lower compared to the same period of the previous year. This is reported by the portal PromPolitInform, citing information from Metinvest.
The reduction in financial inflows to the state and local budgets occurred primarily due to lower payments across key categories. In particular, value-added tax revenues dropped by 36% to 914 million hryvnias, while corporate income tax decreased by 26% to 1 billion hryvnias.
At the same time, land tax payments fell by 6% to 944 million hryvnias, personal income tax decreased by 3% to 2.4 billion hryvnias, and the military levy dropped by 2% to 678 million hryvnias. Despite the overall decline, Ukrainian enterprises of the mining and metals group transferred 3.5 billion hryvnias for subsoil use, 2.6 billion hryvnias in single social contributions, and 511 million hryvnias in environmental tax.
Pressure on the mining and metals sector
Russian shelling continues to destroy production facilities as well as the energy and logistics infrastructure of the enterprises. In September, the Kametstal integrated iron and steel works and the Zaporizhstal joint venture were forced to suspend production due to enemy attacks. Between August and October, these steelworks suffered six strikes involving 27 ballistic missiles, alongside regular drone and guided bomb raids.
Metal producers face increasingly restricted export opportunities due to blocked Black Sea ports, the European Union’s reduction of duty-free quotas for Ukrainian steel, and additional financial burdens from the CBAM carbon border adjustment mechanism. The situation is further complicated by rising electricity and railway transportation tariffs.
Call for decisive government action
«We have reached a critical point. Steelmakers are losing the ability to produce and export steel, while the country risks losing jobs and billions of hryvnias in tax revenues. Therefore, the government must act immediately. First of all, every effort must be made to restore the operation of ports. We must more actively defend the interests of Ukrainian producers in Brussels by seeking to increase quotas for Ukrainian steel and exempt Ukraine from the financial component of CBAM. Without these decisions, the crisis will only deepen, and tax revenues upon which the state budget and local communities depend will shrink alongside production», stated Metinvest Group General Director Yuriy Ryzhenkov.
Recall that during the first half of the current year, Metinvest paid 8.5 billion hryvnias in taxes and fees, while the figure for 2025 totaled 18.7 billion hryvnias.
Photo: Metinvest
Read also: Shutdown of Ukrainian Metallurgical Plants Caused by Russian Strikes Creates Steel Deficit
