Comparing with 2021 the volume of tax expenditures decreased by 5 percent mainly due to the reduction of finished goods output.
Transfers to the state budget amounted to approximately UAH 1.74bln (-7%) as well as UAH 623mln (+1%) was paid to the local budgets. Moreover, UAH 454mln (-4%) were transferred as Single Social Payment (SSP).
Sergiy Kuzmenko, Interpipe’s CFO:
- Amid full-scale war it is crucial to hold the economic frontline of the country. Interpipe copes brilliantly with this task. In 2022, each ton of our pipe and railway products provided over UAH 5,909 to the Ukrainian budget which is above last year's figure by nearly half. So, export of high value-added products ensures currency inflow in Ukraine, saved jobs and supplement of budgets of all levels.
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. In 2021, Interpipe supplied 602 kt of pipes and 174 kt of railway products.
Interpipe has 10 thousand people working at the company’s facilities. During 2022 the Company transferred UAH 2.8bln in taxes to budgets of all levels and extra-budgetary funds.