ARTICLE · 30 OCTOBER 1996
Pension Fund / Concealment Penalties
Tax News Reporter - Week Ended 29 October 1996
In assessing concealment penalties for the pension fund, only concealed salary is taken into account, not non-salary payments such as non-repayable loans, amounts given to employees to remit repayable loans, payments for food and travel, compensation for kindergarden expenses, business trip compensation in excess of norms etc. Salary here means remuneration as defined in Instruction 89 of Goskomstat. Such additional payments which are not covered by Instruction 89 may be subject to Pension Fund contributions, but in case these are not paid and disclosed later, no concealment penalties may be levied in respect of these amounts.
Letter of the Pension Fund of 4 September 1996 No. EV-16-11/6316-IN
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