Ukraine is to permit employers to pay the unified social contribution (USC) and remit personal income taxes withheld from employment income using a combined account, the country said in Law No. 190-IX (Ukrainian), which was officially published Oct. 30 and takes effect Jan. 1, 2021.
The unified accounts must be opened electronically, the law said.
The enactment of Law No. 190-IX followed the enactment of recent legislation that set forth new provisions pertaining to reporting details about USC amounts paid by employers. According to Ukraine’s Law No. 115-IX (Ukrainian), whose provisions are effective Jan. 1, 2021, USC reports are to ...
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