Interpipe international vertically integrated pipe and wheel company in January-March increased payment of taxes and fees to the budgets of all levels and extra-budgetary funds by 3% YoY, to UAH 803 million.
The company said on Facebook the amount of contributions to the state budget totaled UAH 547 million, to local budgets some UAH 147 million, while UAH 109 million was transferred as social security tax.
“The Ukrainian industrial company Interpipe and its assets make a significant contribution to filling the state treasury. Last year we updated the record for paying taxes and fees, but we do not stop there: according to the results of the first quarter of 2020 some UAH 803 million were transferred to the budgets of different levels. In addition, given the increased burden on regional budgets due to coronavirus, Interpipe refused tax holidays provided by the Verkhovna Rada and allocated UAH 17 million for the anti-crisis program to combat COVID-19 in Dnipro and Dnipropetrovsk region,” the company said.
As reported, Interpipe in 2019 increased payment of taxes and fees to the budgets of all levels by 50% YoY, to UAH 3.25 billion. The amount of contributions to the state budget totaled about UAH 2.167 billion (+62%) and to local budgets about UAH 625 million (+38%). Another UAH 462 million (+21%) was transferred as social security tax. (Open4Business/Ukrainian metal)