DTEK Group contributed UAH 23.4 billion in taxes to the state budget in 2019; the payroll fund amounted to UAH 14.4 billion

DTEK Group contributed UAH 23.4 billion in taxes to the state budget in 2019; the payroll fund amounted to UAH 14.4 billion

DTEK18 March 2020

In 2019, DTEK Group paid UAH 23.4 billion in taxes and fees to the state budget of Ukraine; employee benefits in the form of salaries amounted to UAH 14.4 billion. According to the results of the year, “The Top 100 Largest Taxpayers of Ukraine” rating included 10 companies of the DTEK Group.

DTEK, as a member of the World Economic Forum, shares the values outlined in the organization’s Manifesto in January 2020. Among the main messages of the Manifesto – companies should strive for the well-being of their employees, as well as communities, in which they operate, through their activities. These are the values that DTEK shares and follows throughout its affairs.

“Responsible companies must demonstrate, by their own example that the main task of business is to contribute to the betterment of the country’s economy and regions, in addition to the development of society as a whole. One such manner to do this is through the payment of taxes, on which the country's budget is formed. In 2019, DTEK paid UAH 23.4 billion in taxes to the state budget. This is 2.6% of all taxes received in the budget of Ukraine over the past year and 12.2% of all taxes received by the budget from the country's energy sector”, said DTEK CEO Maxim Timchenko.

Of the UAH 23.4 billion, 19.6 billion was allocated to the central budget and UAH 3.8 billion to local budgets.

According to the results of 2019, “The Top 100 Largest Taxpayers of Ukraine” included 10 DTEK Group companies: DTEK Pavlogradcoal, DTEK OIL & GAS, DTEK Eastenergy, DTEK Westenergy, DTEK Dniproenergy, DTEK Dobropilliacoal, DTEK Dnipro Grids, DTEK Odesaoblenergo, DTEK Trading, DTEK Kyivoblenergo. Data was published in the Rating journal.

In addition, in 2019, the DTEK Group's payroll amounted to UAH 14.4 billion.

Profile

DТЕК is the largest private investor in Ukraine’s energy sector.

DTEK Group produces coal and natural gas, generates electricity at thermal, solar and wind power plants, distributes electricity, supplies electricity to end consumers, provides energy efficient solutions and develops a network of EV charging stations.
In 2019, DTEK’s capital investments totalled UAH 23 bln. Moreover, the company paid UAH 23.4 bln of taxes. DTEK employs 70 thousand people.

The company is 100% owned by SCM Limited. Ultimate beneficial owner – Rinat Akhmetov.

 

Corporate Communications Department
DTEK
Tel.: +38 (044) 581 45 35
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