“ZAPORIZHSTAL” STEEL WORKS INCREASES TAX PAYMENTS IN 2014

According to the results of 2014, “Zaporizhstal” Steel Works transferred over 1.4 billion UAH to budgets of all levels, which is 34 % (366 million UAH) more than the amount transferred in 2013 (1.08 billion UAH in 2013). This amount includes taxes, dues, and other mandatory payments to budgets of all levels and to the special-purpose state funds. An 8% increase in tax payments to local budget was noticed – 280 million UAH in 2014 against 258 million UAH in 2013.

Integrated Iron and Steel Works “Zaporizhstal” is one of the major tax-payers in Ukraine and Zaporizhzhya region.

“In 2014 “Zaporizhstal” Steel Works managed to increase payment of taxes in comparison with 2013, which is especially important in the current situation, when industrial enterprises in Ukraine shut down one after another with less and less taxes being paid to the state budget”, pointed out the General Director of “Zaporizhstal” Steel Works Rostyslav Shurma.

It bears reminding that an increase of all performance indicators was noticed January through December of 2014: cast iron – by 9.1%, steel – by 3.8%, rolled products – by 5% in comparison with the same period in 2013.

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