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23 February, Thursday

Ufa   °

The unified social tax is replaced by insurance payments

Business

In 2010 the unified social tax is replaced by the insurance payments to the Russian Pension Fund, Russian Social Insurance Fund and to the Obligatory Medical Insurance Fund. At that the function of payment administration to the Russian Pension Fund and the Obligatory Medical Insurance Fund will be transferred from the tax bodies to the Pension Fund.

The Bashkir division of the Russian Pension Fund reports this novelty will concern the employers first of all.

In 2010 the rates of insurance payments will stay at the same level: 20% to the Russian Pension Fund, 2,9% — to the Russian Social Insurance Fund and 3,1% — to the Obligatory Medical Insurance Fund. The rates will be increased beginning from 2011: the employers will pay 34% from the labor compensation fund: 26% will be transferred to the Russian Pension Fund, 2,9% — to the Social Insurance Fund and 5,1% to the Obligatory Medical Insurance Fund.

The insurance fees will be paid from the salaries, which annual amount doesn’t exceed 415 thousand rubles. According to information of the Russian Pension Fund 97% of all active population of Russia have this very level of incomes. The earnings over this sum won’t be subjected to social payments. The amount of the maximal annual wage is planned to be indexed annually in accordance with the growth of the average wage.

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