Trans Carpathian taxpayers transferred nearly 4 billion 505 million UAH of the single social contribution to compulsory state social insurance during January-December 2019. Compared to 2018, revenues of the single social contribution have increased by 635.6 million UAH or 16.4% in 2019.
Specialists of the Main Directorate of the STS in Trans Carpathian region report that received revenues of the single social contribution to compulsory state social insurance are directed for the social needs of residents of the region. First of all, these are retirement benefits, payments due to temporary disability, unemployment benefits, work-related or occupational disease payments. That is why, it is crucial to stop payments of wages in the envelopes, be responsible about timely payment of wages and payments of single social contribution.
It should be noted that single social contribution is payable regardless of the taxpayer’s financial status in accordance with applicable legislation. If an individual simultaneously has obligation regarding the payment of single social contribution, tax obligations and other mandatory payments prescribed by the law or liabilities to other lenders – payment of the single social contribution must be done first and foremost and takes priority over all but except for the payroll obligations.
Please note that in 2020 the minimum amount of the single social contribution is 1039.06 UAH and the maximum insurance contribution is 15585.9 UAH.