On 8 July 2010, the Ukrainian Parliament passed the law "On Single Mandatory State Social Security Contribution and its Accounting". The law introduces a single social security contribution instead of social security contributions existing to date. The rate of such single contribution to be paid at the expense of employers will vary from 36.76% to 49.7% depending on the class of professional risk. The rate of the single contribution to be paid at the expense of employees will be 3.6%.
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