“Taxpayers of Odessa region paid 9.8 billion UAH of the single contribution to compulsory state social insurance to the state budget during 10 months of 2020, which exceeds the last year’s revenues during the corresponding period by 786.9 million UAH or 8.7%” – stated Head of Main Directorate of the STS in Odessa region Julia Shadevska.
Specifically, 1.1 billion UAH of the single contribution to compulsory state social insurance was paid in October 2020, which is 18% or 173.9 million UAH more than in October 2019.
228.9 thousand individuals – entrepreneurs and 92.9 thousand business entities – legal entities pay single contribution in Odessa region as of the 1st of November 2020.
“Monitoring compliance with tax legislation on the implementation of state policy in administration of the single contribution to ensure the timely implementation of pension benefits and social assistance is one of the priorities of the Tax service” – stated Julia Shadevska.
According to the results of processing in October 2020, the number of 948 insurers who violated legislation on the payment of single contribution for the periods before the entry into force of the Law of Ukraine as of 17.03.2020 № 533-IX “On Amendments to the Tax Code of Ukraine and Other Laws of Ukraine Concerning Support of Taxpayers for the Period of Measures Aimed at Preventing the Occurrence and Spread of Coronavirus Disease (COVID-19)” and the Law of Ukraine as of 13.05.2020 № 591-IX “On Amendments to the Tax Code of Ukraine and other laws of Ukraine on additional support for taxpayers for the period of measures aimed at preventing the occurrence and spread of coronavirus disease (COVID-19)” received penalties and a fine for the late payment of single contribution totaling 1.8 million UAH.
Also in order to prevent violations of terms for payment of the single contribution by individuals – entrepreneurs, individuals involved in independent professional activity and farm members, who during the period from March 1 to May 31, 2020 were exempted from paying the single contribution, the Individual’s taxes and fees departments organized explanatory work among taxpayers on certain provisions of current legislation, which establishes / abolishes tax restrictions during the quarantine period and their impact on future pension provision. Debts from previous periods totaling 266.4 thousand UAH were repaid according to the results of work in October 2020.
In addition, Main Directorate of the STS in Odessa region notes that single contribution is payable regardless of the taxpayer’s financial condition. Failure to pay the single contribution leads to negative consequences and financial sanctions. Thus, in case of late or incomplete payment of the single contribution, a penalty is charged at the 0.1% rate of the amount of arrears for each day of delay in payment and 20% fine of the unpaid amounts of the contribution are imposed.
Main Directorate of the STS in Odessa region recalls that single contribution accounts are opened according to the IBAN standard requirements. Information on account requisites is posted on the subsite of territorial bodies of the State Tax Service in Odessa region in section “Budget Accounts” at the link https://od.tax.gov.ua/byudjetni-rahunki/.