Acting head of the Main Directorate of the STS in Rivne region Vitalii Chui stated that employers and entrepreneurs have paid 4.9 billion UAH of single social contribution to compulsory state social insurance over 2019. Growth rate of single social contribution exceeded level of the last year’s revenues by 17% or 705 million UAH.
Acting head of the Main Directorate of the STS in Rivne region also noted that measures on un-shadowing of income and employment relations henceforth remains among the priorities of the tax authorities. After all, formal employment will allow citizens to work legally and have social guarantees and, accordingly, the budget will receive additional income in the form of the personal income tax and single social contribution to compulsory state social insurance.
And most importantly - due to the non-payment of single social contribution and taxes, employees lose their insurance experience and opportunity to receive their retirement pension by age, disability and in other cases stipulated by the law, since the pension will be awarded only from the officially accrued salary.
