Employers of Chernivtsi region (both legal entities and individuals – entrepreneurs) paid 2 billion 467 million UAH of the single social contribution to social funds during January – September 2020. The indicative task of paying the SSC was fulfilled by 102.6%, ie 63.6 million UAH was additionally received in monetary terms. Social contribution revenues have increased by 79.9 million UAH comparing to the same period in 2019.
Single contribution revenues calculated by employers on the amounts of wages and remuneration under employment contracts, from the total payment amounted 84.0% or 2.072.8 million UAH. More than 229.8 million UAH was received from individuals – entrepreneurs and individuals involved in independent professional activity. Single contribution accrued on the amount of financial support of servicemen exceeded 162.8 million UAH.
Main Directorate of the STS in Chernivtsi region recalls that from September 1, 2020 the Law of Ukraine “On Amendments to the Law of Ukraine “On the State Budget of Ukraine for 2020” as of 25.08.2020 №822-IX increased the minimum wage to 5 thousand UAH.
An increase of the minimum wage affects the minimum amount of single contribution. As follows, from September 1, 2020 the minimum single contribution is 1100 UAH per month (5000 UAH x 22%) ( 3300 UAH per quarter).