Yatseniuk asking business to pull out of shadows

14:07, 28.12.2015 1 min read

Ukrainian Prime Minister Arseniy Yatseniuk has asked representatives of Ukrainian business to pull out of the shadows and legalize salaries to their employees.

"Now I would like to ask businessmen: the radical reform of single social security tax requires your understanding, responsibility and position. We halved single social security tax for you, and this gave you an additional resource. I ask each Ukrainian businessman to pull out of the shadows and stop paying back door salaries," he said on the "Ten minutes with the prime minister" TV program on Sunday night.

He said that single social security tax was halved from 41% to 22% to stimulate business. He said that the government took a liability that despite the reduction of the tax, the Pension Fund would fulfill its liabilities and provided UAH 100 billion to the fund.

Yatseniuk expressed hope that the additional resource received by business will be sent to its development and the increase of salaries.