The Cabinet initiates high taxes, high salaries

Кабмин инициирует большие налоги с высоких зарплат

The Minister of social policy of Ukraine Andrei Reva

The government wants to expand the base of single social contribution in the amount of 22% from 15 to 25 minimal wages.

The Cabinet of Ministers proposes the Verkhovna Rada to expand the base of single social contribution in the amount of 22% from 15 times the minimum wage (55,8 thousand hryvnia) to 25 (104,3 thousand hryvnia) and introduce regressive scale of contributions ERUs. This was stated by Minister of social policy Andrei Reva at the Cabinet meeting on Wednesday, November 14, reports the Economic truth.

“The SST rate for wages exceeding a limit of 104 thousand UAH will be reduced to 5% for amounts in excess of 270 minimum wages. It is also proposed to establish in the labour legislation the principle of differentiation of wages at the enterprises”, – said the Minister.

According to him, with this proposed to strengthen the responsibility for non-payment of ERUs.

Reva also noted that 84 thousand heads of the enterprises receive the minimum wage in Ukraine, 20 thousand of them – in Kiev. Then how to lower interest rates ERUs in 2016 from 38% to 22%, this figure was 28 per thousand.

“75% of companies show the average salary – up to 4 thousand UAH, and it is the private sector… Skilled and unskilled labor will be charged at papers the same way”, – he stressed.

As expect in the Ministry, additional revenues from these measures could amount to 10 billion UAH.

Earlier, the Ministry of Finance warned that the introduction of a tax on the capital instead of income tax will leave Ukraine without an International monetary Fund programme and will lead to a default in 2019.

Noteworthy, the draft law on the tax on the capital submitted to the Parliament by President Petro Poroshenko. The administration previously said that the tax on the capital “positively perceived the business environment as a whole.”

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