LETTER OF THE PENSION FUND OF UKRAINE

of June 22, 2011 No. 12657/03-20

The pension fund of Ukraine considered the letter concerning payment of single fee on obligatory national social insurance by the physical person - the entrepreneur and reports.

[I.] By article 2 of the Law of Ukraine "About collection and accounting of single fee on obligatory national social insurance" (further - the Law) which became effective since 01.01.2011, it is determined that operation of this Law extends to the relations arising during implementation of the activities connected with collection and accounting of single fee.

Physical persons - the entrepreneurs including who chose simplified taxation system and members of families of these persons who take part in implementation of business activity by them according to item 4 of part one of article 4 of the Law are determined as payers of single fee.

According to paragraph one of Item 2 parts one of Article 7 and part eleven of article 8 of the Law physical persons - entrepreneurs and members of families of these persons who take part in implementation of business activity by them (except physical persons - the entrepreneurs who chose simplified taxation system) assess single contribution in the amount of 34,7 of the % for income amount (profits) received from their activities which are subject to taxation on the income of physical persons and on the income amount distributed between members of the family of physical persons - entrepreneurs who take part in implementation of business activity by them. At the same time the amount of single fee cannot be less than the size of the minimum insurance premium for each person in month in which income (profit) is gained.

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