This Resolution has determined that private entrepreneurs-individuals who have selected a special method of taxation (flat tax, single tax) should transfer insurance contributions paid in compliance with CMU Resolution No. 366 of April 14, 2009 to a separate Pension Fund account opened with the State Treasury. Details of such account and data needed to be specified in a pay order will be provided by the State Tax Administration of Ukraine and the Pension Fund. Besides, the Resolution envisages:
a three-year cessation of audits of such payers;
carrying out reconciliation of insurance amounts on payers’ accounts (taking into consideration a minimum insurance contribution amount established for a specific period). Within 10 days following the reconciliation, payers will receive acts on the status of insurance contribution settlements;
ensuring the entry of data on payment of insurance contributions by private entrepreneurs-individuals to the personified record system to be considered during assignment of pensions.
It has also been established that, according to CMU Resolution No. 366 of April 14, 2009, insurance contributions paid by retired or disabled private entrepreneurs-individuals who do not use hired labor, should be payable on voluntary basis.
Resolution No. 505 became effective on May 30, 2009.
This Resolution has determined that private entrepreneurs-individuals who have selected a special method of taxation (flat tax, single tax) should transfer insurance contributions paid in compliance with CMU Resolution No. 366 of April 14, 2009 to a separate Pension Fund account opened with the State Treasury. Details of such account and data needed to be specified in a pay order will be provided by the State Tax Administration of Ukraine and the Pension Fund. Besides, the Resolution envisages:
It has also been established that, according to CMU Resolution No. 366 of April 14, 2009, insurance contributions paid by retired or disabled private entrepreneurs-individuals who do not use hired labor, should be payable on voluntary basis.
Resolution No. 505 became effective on May 30, 2009.