Ukraine’s biggest taxpayers in 2025 – who tops the list

This is evidenced by Delo.ua’s “Top 100 Private Taxpayers of 2025” ranking, whilst the State Tax Service and the Ministry of Finance’s data confirm the overall contribution of large businesses to the budget.

Delo.ua has published the “Top 100 Private Taxpayers of 2025” ranking, in which it assessed the actual contribution of private business based on all taxes and duties actually paid – from corporation tax and VAT to excise duties, social security contributions and the military levy. The publication explicitly states that the ranking is based on tax payments for 2024 and the first half of 2025.

Philip Morris Ukraine took first place in the ranking. According to the study, the company paid 52.2 billion UAH in taxes for 2024 and 28.9 billion UAH for the first half of 2025. Its net sales revenue for 2024 amounted to 52 billion UAH, and for the first half of 2025 – 29.3 billion UAH. A note from Delo.ua states that the figure includes data from two legal entities.

In second place was the DTEK Group with 41 billion UAH in tax payments for 2024 and 24.3 billion UAH for the first half of 2025. Third place went to BAT Ukraine – 38.1 billion UAH for 2024 and 21.5 billion UAH for the first half of 2025. Fourth place went to the Imperial Brands group in Ukraine, with 31.4 billion UAH in 2024 and 12.8 billion UAH in the first half of 2025. ATB Corporation came fifth, having paid 28.61 billion UAH in taxes for 2024 and 18 billion UAH for the first half of 2025, according to the ranking.

The top ten also included JTI Ukraine, OKKO, the Metinvest Group, the WOG petrol station network, UPG and Kyivstar. JTI Ukraine is listed with 28 billion UAH in taxes for 2024 and 21.1 billion UAH for the first half of 2025, OKKO with 21.2 billion UAH and 11 billion UAH respectively, Metinvest with 19.8 billion UAH and 9.3 billion UAH, WOG – 15.6 billion UAH and 8.9 billion UAH, UPG – 14 billion UAH and 8 billion UAH, and Kyivstar – 12.3 billion UAH and 6.8 billion UAH.

Separately, the ranking shows that several positions at the top of the list are occupied by tobacco companies. The top 10 includes Philip Morris Ukraine, BAT Ukraine, the Imperial Brands group in Ukraine and JTI Ukraine. This concentration is explained, in particular, by the weight of excise duties in this sector. This is precisely why the tobacco sector remains one of the main contributors to the budget, even with a relatively smaller workforce compared to large-scale retail or the energy sector. This is evident from the structure of the ranking itself.

The second ten of the ranking includes the NOVA Group, Fozzy Group, TAS Group, the “Epicentre” Group of Companies, MHP, PUMB, Raiffeisen Bank, “ArcelorMittal Kryvyi Rih”, “Aurora” and Vodafone Ukraine. In 2024, the NOVA Group paid 12.2 billion UAH in taxes, Fozzy Group – 9.1 billion UAH, the TAS Group – 8.71 billion UAH, “Epicentre” – 8.6 billion UAH, MHP – 7.6 billion UAH, PUMB – 6.9 billion UAH, Raiffeisen Bank – 6.8 billion UAH, ArcelorMittal Kryvyi Rih – 6.7 billion UAH, Aurora – 6.4 billion UAH, and Vodafone Ukraine – 6.1 billion UAH. For most of them, Delo.ua also provides separate figures for the first half of 2025.

Further down the ranking of major taxpayers are the Kernel group of companies, Interpipe, UKRSIBBANK BNP Paribas Group, BAYADERA GROUP, Credit Agricole Bank, OTP Bank, the AVT group, the EVA retail chain and Winner Group Ukraine. According to Delo.ua, each of these companies or groups paid between 3.6 billion and 5.8 billion hryvnias in taxes in 2024.

Another important aspect of the ranking is the sectoral breakdown. The top of the list is dominated by the tobacco industry, energy, fuel retail, food and non-food retail, metallurgy, telecoms, logistics and the financial sector. The top thirty also includes banks, agricultural holdings, food producers, alcohol companies and large retail chains.

The ranking itself includes additional indicators that show not only the absolute amount of taxes but also the tax burden relative to income or expenditure. For example, ‘Aurora’ is listed with a tax-to-revenue ratio of 16.3% for 2024 and 17.5% for the first half of 2025. JTI Ukraine states that the share of taxes in its cost structure averages 80%. For Credit Agricole Bank, the figure is 65% in 2024; for OTP Bank, 55%; for Comfy, 29.3%; for Nemiroff, 60.6%; and for Dobrobut, 15.9%. These figures reveal not only the scale of the business but also the intensity of the tax burden in individual segments.

The lower half of the list includes pharmaceutical companies, medical chains, laboratories, IT firms, agricultural producers, local retailers, insurance companies, and manufacturers of beverages and industrial goods. Among them are, in particular, Farmak, Nestlé Ukraine, IDS Ukraine, EPAM in Ukraine, Foxtrot, Podorozhnik, NIBULON, Uklon, Kormotech, Darnitsa, Dobrobut, Glovo, InterChem, MOYO, Kyivguma, Ciklum, Sanofi in Ukraine, KSG Agro and Makeup Trading. For each of these companies, Delo.ua provides separate figures for taxes paid in 2024 and, in most cases, for the first half of 2025.

The Delo.ua ranking is also significant in that it distinguishes the private sector from state-owned companies. This is precisely why it is not an official list of the country’s largest taxpayers, but provides a detailed picture of which private groups and brands constitute the largest source of tax revenue during wartime.

Official statistics from the State Tax Service confirm the scale of this contribution. According to the tax authority, in 2025 large taxpayers transferred a total of 953.2 billion UAH in taxes and duties to the consolidated budget, accounting for 46.5% of all budget revenues administered by the State Tax Service. Compared to 2024, this amount increased by 7.4%, or by 65.6 billion UAH.

The Ministry of Finance, for its part, reported that by the end of 2025, the general and special funds of the state budget had received 3.82 trillion UAH in taxes, duties and other payments. Separately, contributions to the pension and social insurance funds in 2025 amounted to 662.7 billion UAH. Against this backdrop, the Delo.ua ranking reveals which private companies were among the key financial pillars of the budget in 2024 and the first half of 2025.

Viewed as a whole, this list reveals the fiscal backbone of large private business – from tobacco corporations and energy giants to supermarket chains, banks, telecoms operators, petrol stations, logistics, metallurgy, the agricultural sector and pharmaceuticals. And it is precisely this broad base, rather than just one or two sectors, that forms a significant part of the country’s tax resilience.

As reported by ThePublic, Rinat Akhmetov topped the ranking of Ukrainian businessmen according to OpenDataBot

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