In accordance with the Law "On compulsory social insurance" (further - the Law) social security contributions is established by Law a mandatory charge paid to the State social insurance Fund, entitling the participant of system of compulsory social insurance for whom social contributions were done, and in the case of loss of the supporter to members of his family, consisting of his dependents, receive social benefits in cases of:
• loss of ability to work;
• loss of breadwinner;
• loss of work;
• loss of income in connection with pregnancy and childbirth;
• loss of income in connection with adoption (adoption) of a newborn child (children); loss of income due to care for child reaches one year of age.
Payers of social contributions are employer or self-employed person. The payment of social contributions on a monthly basis.
The rate of social contributions from 1 January 2010 is 5% of the object calculus of social security contributions. The object calculus of social security contributions – expenses of employer paid to the employee in revenue for work performed, services rendered. Object for calculation of social contributions of self-employed persons are the revenues it generates
With the monthly income taken for calculation of social contributions in an amount not exceeding ten times the minimum wage established by the law on the Republican budget.
If the object of calculation of social contributions for the calendar month is less than the minimum wage established by the law on Republican budget and effective on 1 January of the relevant financial year, then the social contributions are calculated are listed based on the minimum wage.