New minimal size of insurance payments for individual businesses set
03/01/2014 14:48
New minimal size of insurance payments for individual businesses set
03/01/2014 14:48
Tashkent, Uzbekistan (UzDaily.com) -- The Government of Uzbekistan set monthly size of the insurance payments to the Pension Fund of the Ministry of Finance of Uzbekistan for individuals, who are engaged in business activities without forming legal entity.
The size of insurance payments was set in line with the resolution of the President of Uzbekistan Islam Karimov “On forecast of main macroeconomic figures and parameters of State Budget of Uzbekistan for 2014”.
The resolution introduced changes to order of accounting work experience and payments to off-budget Pension Fund for individuals, who are engaged in business activities without forming legal entity.
According to the document, the individual entrepreneurs from 1 January 2014 will pay insurance payments to the off-budget Pension Fund at the size of 6.5%.
Earlier, the individual entrepreneurs paid the insurance payments at the size of equal to one minimal size of salary.
At the same time, the pensioners and people with disabilities of the first and second group paid 50% of the minimal size of salary to the Pension Fund.
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