You're reading: Yanukovych vetoes law on quarterly payment of single social insurance contribution

Ukrainian President Viktor Yanukovych has vetoed and returned to the parliament a law, which introduces a new quarterly period of paying a single obligatory state social insurance contribution for individual single tax payers instead of the existing monthly payment, with his proposals.

The president proposes to keep the current monthly period of paying a single obligatory state social insurance contribution for mining companies not later than the 28th day of each month to ensure timely payment and reduce the financial burden on such companies.