How the subsistence minimum and minimum wages of Transcarpathians will change as of December 1

Note that under Article 7 of the said Law, as of December 1, this year, the subsistence minimum per person per month is set at 1,544 UAH, and for major social and demographic groups as follows:

– Children under 6 years – 1,355 UAH;

– Children aged 6 to 18 years – 1,689 UAH;

– Able-bodied persons – 1,600 UAH;

– Persons who are unable to work – 1,247 UAH.

Also, Article 8 of the Law stipulates that as of December 1, the minimum wage shall be:

– 1,600 UAH per month;

– 9,59 UAH per hour.

Therefore, it should be noted that new rates of the minimum wage and subsitence minimum will impact, inter alia:

– The maximum amount of income serving as a base for accrual of single social contribution for obligatory state social insurance (25 times subsistence minimum for able-bodied persons), which will amount to 40,000 UAH (from May 1, 2016 to November 30, 2016 – 36,250 UAH);

– The maximum amount of single contribution for individual entrepreneurs – payers of the single tax for themselves (22% of the maximum base for single contribution accrual) – 8,800 UAH (from May 1, 2016 to November 30, 2016 – 7,975 UAH);

– The minimum amount of single contribution for individual entrepreneurs – payers of the single tax for themselves (22% of the minimum wage) – 352 UAH (from May 1, 2016 to November 30, 2016 – 319 UAH).

SFS in Transcarpathian region