Taxpayers of Ternopil region paid 1 billion 231.1 million UAH of the single social contribution to compulsory state social insurance during January – April 2020. Payment exceeded the expected revenues by 6.5%. As a result, the state budget additionally received 75.4 million UAH of the single social contribution. Comparing to January-April 2019 the revenues growth from this payment amounted 50.6 million UAH or 4.3% more.
Taxpayers of Ternopil region transferred 301.9 million UAH to social needs in April 2020. This amount exceeded the expected revenues by 26.7%, so the state treasury additionally received 63.5 million UAH. Comparing to April 2019, revenues of the single social contribution increased by 26.5 million UAH or 8.1%.
It is appropriate to remind that business entities that use the labor of hired employees, accruing (paying) income, including wages, in favor of the taxpayers, are required to pay accrued amount of the single social contribution for the relevant calendar month not later than the 20th day of the following month. Financial sanctions and penalties are applied to the payer in case of late or incomplete payment of the single social contribution. Officials of single social contribution payers are administratively liable for violation of procedure for accrual, calculation and terms of payment of the single social contribution.
However, for the periods from March 1 to March 31, from April 1 to April 30 and from May 1 to May 31, 2020, individuals – entrepreneurs, including those who are on the simplified taxation system, members of farms and individuals pursuing independent professional activity are exempted from accrual and payment of the single social contribution “for themselves”. This is prescribed by amendments to the Tax Code of Ukraine and other laws of Ukraine on the support of taxpayers for the period of implementation of measures aimed at preventing the occurrence and spread of the coronavirus disease (COVID - 19).