Interpipe paid UAH 1.2bln in taxes and duties in 3m2024

Interpipe paid UAH 1.2bln in taxes and duties in 3m2024
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During 3m2024 Interpipe, a global producer of steel pipes and railway products, transferred UAH 1.19bln in taxes to the budgets of all levels and extra-budgetary funds. The volume of tax expenditures increased by 90 percent y-o-y.

Transfers to the state budget amounted to approximately UAH 916mln (+126%) as well as UAH 138mln (+29%) was paid to the local budgets. Moreover, UAH 132mln (+21%) were transferred as Single Social Payment (SSP).

Sergiy Kuzmenko, Interpipe’s CFO:

- The Company has export orders, manufactures products and keeps increasing tax payments to the budgets of all levels. Last year, Interpipe resumed its investment program implementing projects in Dnipro and Nikopol. We have plans to increase investments in Ukrainian economy but for this we need to liberalize currency regulation.

About the company:

Interpipe is global producer of steel pipes and railway products based in Ukraine. The company’s products are marketed in more than 80 countries all around the world via the network of sales offices located in key markets of Ukraine, Europe, North America and the Middle East.

Interpipe has 9 thousand people working at the company’s facilities. During 2023 the Company transferred UAH 4.4bln in taxes to budgets of all levels and extra-budgetary funds.

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