The Committee on Social Policy recommends that the Verkhovna Rada should reject the bill to amend the Law "On Collection and Register of Single Contributions to Mandatory State Social Insurance" regarding decrease of single contribution rates for individual entrepreneurs

Information Department
14 September 2012, 12:02

The bill (Reg.No.11050) submitted by the people?s deputies N.Korolevska, O.Lohvynenko and Ye.Suslov suggests almost halve the amount of single contribution to mandatory state social insurance for individual entrepreneurs, including those who chose simplified tax system, as well as members of their families that participate in their entrepreneurial activity. It also concerns persons engaged in independent professional activity and persons conducting religious (missionary) activity that gain income directly from their activity and under the condition that such individuals are neither salaried employees nor entrepreneurs. 

 

The bill suggests also decreasing voluntary payment of single contribution for members of farm enterprise, personal farming and the citizens of Ukraine working beyond the territory of Ukraine and paying one of the types of mandatory state social insurance. The rate of pension contribution is suggested to be established at the level of 15,5%.

 

The Committee members noted that the legislative initiative contradicts basic principles of mandatory state social insurance. They believe that implementation of the bill will lead to financial instability of mandatory state social insurance funds.