Payments of single social security tax to the budget in January-June 2016 amounted to UAH 73.3 billion, or 100.6% of the target figure for the current year, the State Fiscal Service reported on its website.
The Fiscal Service has not provided comparable data from the previous year. However, it has been reported that proceeds from payments of single social security tax in January-July 2015 (excluding Crimea) amounted to UAH 102.1 billion.
As UNIAN reported earlier, in late December 2015, the Verkhovna Rada adopted amendments to the Tax Code of Ukraine, establishing a unified rate of single social security tax at 22%, compared with the previous rate of 41%. Personal income tax rate was increased by three percentage points to 18%.