Smart Holding paid UAH 900 million in taxes in the first quarter of 2023

Companies of the Smart Holding group paid UAH 900 million in taxes and fees for the first quarter of 2023 to the budgets of all levels (excluding enterprises of the Metinvest and HarvEast groups).

Since the beginning of the full-scale Russian invasion, Smart Holding’s businesses have suffered significant losses, but under all circumstances, the business is doing everything to maintain production in any case, support workers and lay the foundations for the rapid resumption of production at temporarily inactive enterprises after the liberation of the territories. A number of anti-crisis measures that the holding introduced with the start of the war made it possible to work and maintain production all this time. During the 14 months of the war, the Smart Holding group sent more than $40 million (taking into account the share of ownership of Metinvest and the amount of humanitarian aid given by this company) for humanitarian projects and assistance to Ukraine.

Smart Holding has been a significant business representative in Ukraine for almost 30 years. The group’s enterprises operate in 7 sectors of the economy and provide stable employment for about 3,000 Ukrainians. All holding businesses work for the economy of our state. In the last 5 years alone, the amount of taxes of the investment group amounted to more than UAH 11.6 billionand the contribution to energy independence for the same period – 1,652 million m³ of gas. In addition, the holding companies continue to search for foreign investors: despite the war, they managed to reach agreements on attracting $3 billion investment.

“Despite the efficiency and undoubted benefits, the Smart Holding group’s businesses are on the verge of shutting down. Of these actions, every day Ukraine suffers losses in the form of shortfalls in taxes and energy resources, which is really incomprehensible, especially at a time when the country is at war,” the holding said.

Smart Holding is one of the largest investment groups in Ukraine. The Group’s interests are concentrated in industries that are key to the country’s economy. The Group’s enterprises invest in the assets of the mining and metallurgical and oil and gas complexes, agriculture, shipbuilding, real estate and energy. The Smart Holding strategy aims to effectively manage a diversified investment portfolio in order to increase its value in the long term.

Smart Holding (Cyprus) LTD is the top holding company of the Group, which is established and operates under the laws of the Republic of Cyprus. Its beneficiaries are citizens of the Republic of Cyprus operating under the Smart Trust and Step Trust.

Source: Obozrevatel

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