ArcelorMittal Kryvyi Rih, Kernel, Cargill, Metinvest steel mills are largest recipients of VAT refunds in 2016

15:29, 04.01.2017 1 min read

The largest recipient of VAT refunds in 2016 was ArcelorMittal Kryvyi Rih, which received UAH 8.03 billion, the State Treasury Service has said.

According to its data, it is followed by the exporters of oil and other agricultural products Kernel-Trade with UAH 6.8 billion and JSC Cargill with UAH 3.69 billion, as well as two steel plants from Metinvest Group of Rinat Akhmetov: Mariupol-based Illich steel mill with UAH 3.77 billion and Azovstal with UAH 3.46 billion.

The second five largest recipients of VAT refunds for last year includes three other representatives of the mining and metallurgical complex: Poltava GOK with UAH 2.77 billion, Dniprovsky steel combine from ISD Corporation with UAH 2.74 billion and Zaporizhstal integrated into Metinvest with UAH 2.31 billion.

The top ten recipients of VAT refunds in 2016 also includes two agricultural exporters: Suntrade with UAH 2.19 billion and Nibulon with UAH 2.11 billion.