Vice Premier Rozenko denies any plans to raise social security tax in Ukraine

15:04, 24.05.2016 1 min read

There are no plans to raise social security tax, which was lowered early in 2016 to 22%, which is seen as a solution to the problem of an increased deficit of the Pension Fund, Vice Premier Pavlo Rozenko has said.

"Here is my clear message for society. The government's firm position is that there will be no move back to an increased social security tax," he wrote on Facebook.

Rozenko claims that the government's policy is aimed at reducing taxes.

"We will further move towards a reduction in tax, financial, fiscal pressure on businesses, aimed at pushing the economy to recovery," he said.

As was reported, the cooperation program with the International Monetary Fund suggests that a draft pension reform should be tabled in parliament with the further reduction in the deficit of Ukraine's Pension Fund. Ukraine's Social Policy Ministry estimates the deficit in 2016 at UAH 145 billion.