In January social security payments made up 13,8 bln hryvnias
As at February 27, 2014 payments of the uniform social security tax to the government budget amounted to 12,8 bln hryvnias that is 82% of unplanned social security receipts., the press-office of the Ministry of Revenue and Duties says.
By the end of the month the planned social security tax deductions are expected to equal 100%.
In January 13,8 bln hryvnias of contributions to the social security reached 100 % of the planned amount.
Looking back, the Ministry of Revenue and Duties of Ukraine only mandates withholding of taxes, while economic entities remit themselves the deductions to a special account opened with the Ukraine’s Treasury. Then the Treasury punctually distributes these contributions between the social security funds.
