officially appeals to the owners of all enterprises, and especially trade
unions, who are to protect the rights and freedoms of employees: we have
provided an instrument, we committed ourselves to financing large amounts from
the state budget, when we reduced twofold the tax on wages. Now we are waiting
for concrete solutions from the business entities regarding raising salaries at
the enterprises", urged the Prime Minister of Ukraine Arseniy Yatsenyuk at
a Government meeting on Wednesday, April 6.
reminded that the Government had cut the payroll tax almost two times:
"This has significantly improved the financial performance of the companies,
they have obtained more money for themselves that should directly affect all
the employees of these companies – they should have their payroll raised".
The Prime Minister stressed the need to analyse the growing trend for
payroll budget over the first quarter of year and to sum up preliminary results
of economic efficiency after a twofold reduction of the unified social
The State bears the funding of the Pension Fund to the tune of UAH 144
billion, he said: "I want to see how wages in the real sector of the
economy are growing due to the fact that we reduced the basic tax on salary. We
have made our move, now I want to see a move from business."
"It is crucial now to ensure people and businesses feel the impact
and effectiveness of making such a complex, difficult but correct decision - to
cut the single social tax twofold", summed up the Head of Government.