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On January 1, 2010 The Federal Law as of July 24, 2009 N 212-FZ "On Insurance Contributions to the Pension Fund of the Russian Federation, Social Security Fund of the Russian Federation, Federal Medical Insurance Fund of the Russian Federation and Territorial Medical Insurance Funds" came into force. By this law the main changes affect an order of calculation and payment of insurance contributions to the Pension Fund of the Russian Federation (re. obligatory pension insurance), to the Social Security Fund of the Russian Federation (re. obligatory social insurance in the case of temporary incapacity and maternity), to the Federal and Territory Medical Insurance Funds. According to this law the Unified social tax (UST) is replaced with insurance contributions to particular types of social security to be paid to four separate non-budgetary funds. The base for charging the insurance contributions is determined in regard to each employee cumulatively from the beginning of the report year and will not exceed RUR 415 000 (aprox. USD 13 300 or EUR 9 300) - this sum to be adjusted according to the index. The insurance contributions now is not imposed from sum of payments that exceed the mentioned range. Whereby, the unemployment benefit, the benefit for temporary loss of capacity to labour, the confinement grant and the benefit in connection with birth of child as well as some others benefits is not included in the base for tax charging. Till 2010 the base of charging UST rates calculated more complex and was for the sum that is not exceeding RUR 280 000 - 26%; for the sum RUR from 280 001 to 600 000 - RUR 72 800 + 10% of the amount exceeding RUR 280 000; and for the sum more than RUR 600 000 - RUR 104 800 + 2% of the amount of exceeding RUR 600 000. Thus since 2010 the transition to insurance contributions is planned, however the total rate is reserved on the level of previous UST rates, applied on the first regression's threshold (26%):
The control over payment of the insurance contributions now is carried out by the Pension Fund of the Russian Federation, Social Security Fund of the Russian Federation and their Territorial authorities. The Territorial authorities are authorized to conduct field tax audit simultaneously. The control authorities are also liable for losses caused to the tax payers. © ABU Accounting Services LLC We hope the information above is helpful for you. ABU is a reliable Russian company since 1994, which accompanies its Clients in development of their effective and profitable business in Russia, providing guaranteed, high-quality services in the field of Finance and HR business processes outsourcing. Key features of ABU are care about Client, strong confidence and information security, multilingual professional team, quality control system, client-tailored approach. That's why we are recommended by our clients, by the leading law and consulting firms. For more information on our services please visit our web-site www.abuas.ru/eng. Or contact directly the Sales manager Olga Daeva, +7-495-234-97-24. And the Chief executive officer Alexey Soldatov. Note: This is a News and should not be considered as a ground for making a decision regarding a particular transaction. All the information for this News was taken from the open sources. |
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