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Taxes on Salary: What Ukrainians Lose from the Black Salary

Ukrainians lose money due to untimely tax payments
Вплив тіньової зарплати на добробут українців: чому важливо боротися з недобросовісними практиками.

Imagine Vasyl. Already in his fifties, he is nurturing his career as an architect in a construction company. Vasyl works legally under a labor contract and honestly pays taxes on his full salary. Every month he receives 26,950 UAH, after paying taxes on an income of 35,000 UAH.

The tax and insurance contributions for Vasyl are made by his employer. This helps maintain socio-economic stability in the country and meet citizens' needs for social protection.

However, if Vasyl receives his salary 'in an envelope' without paying taxes, this could nearly deprive him of the opportunity to receive social insurance in the future. This model of work forgoing social responsibility threatens stability in the field of public finance.

Remember that taxes protect each of us. They are an important resource for building a strong and stable state. Contribute your share!

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