Minimum wage will increase from 4173 to 4723 UAH starting from 01.01.2019 according to the Law of Ukraine “On the State budget for 2020” adopted by the Verkhovna Rada. Therefore, due to the increase of minimum wage, the minimum insurance contribution will increase as well, which in 2020 will be 1039.06 UAH (4723.0 X 22%).
Taxpayers of single social contribution – individuals-entrepreneurs who chose simplified taxation system, as well as those who remained on the general taxation system or who conduct an independent professional activity please note that for you amount of the SSC will be 1039.06 UAH per month.
As of 01.12.2019 the total number of taxpayers of the single social contribution was 141 798, including: legal entities - 35 201, individuals - 106 597.
In general, they all transferred 7.2 billion UAH of the single social contribution during 2019.