Business entities of Trans Carpathian region transferred more than 1 billion 136 million UAH of the single social contribution to compulsory state social insurance for social needs during the 1st quarter of 2020. This exceeded the expected revenues by 0.6%, so the Pension and Social Fund received additional 7.2 million UAH from Trans Carpathian region. Revenues growth of the single contribution amounted 90.3 million UAH during January-March 2020.
Tax specialists noted that the positive dynamics in payment of the single social contribution by the regional taxpayers indicates the socially responsible position of the vast majority of insurers and effective work in the sphere of combating illegal employment. After all, the tax specialists systematically conduct explanatory work with business entities regarding the need to comply with the legislation on wages.
Main Directorate of the STS in Trans Carpathian region emphasizes that the single social contribution is the basis for pension benefits and other social guarantees. And only under the condition of official employment registration and “white” salary, the employee is guaranteed the right for vacation leave, insurance against accidents at work and occupational diseases, payment of sick leaves and accrual of pension experience.
It should be noted that introduction of quarantine in Ukraine due to the spread of COVID-19 virus, from March 1 to 31 and from April 1 to 30, 2020 there are temporarily exemptions from accrual, calculation and payment of the single social contribution for:
- individuals- entrepreneurs, including those who chose the simplified taxation system;
- individuals pursuing independent professional activity namely, scientific, literary, artistic, educational or teaching, as well as medical, legal practice, including advocacy, notarial activities, or individuals involved in religious (missionary) activities, other similar activities and receive income from these activities;
- members of the farm, if they do not belong to individuals who are subject to insurance on other grounds.
At the same time, such payers of the single social contribution decide at their own discretion whether to exercise this right.