Progresstech Ukraine has significantly increased the payment of taxes and fees this year. This is one of the obvious markers of the company's continued sustainable development trends, despite the global economic crisis.
In January-June 2020, the total amount of all taxes, fees, and regular contributions paid by Progresstech Ukraine increased by 35% compared to the same period last year.
Even higher was the rate of increase in one of Progresstech Ukraine's main regular payments, the single social contribution (SSC)*. In the reporting period, it grew 43%.
The rapid growth of SSC paid by Progresstech Ukraine is due to the increase in the two main parameters that determine the amount of the single contribution: the number and income of staff.
Specifically, the average number of employees in the first half of 2020, compared to January-June last year, increased by 30%. In addition, the average level of remuneration for Progresstech Ukraine engineers has increased by 35%.
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* The single social contribution (SSC) is the Ukrainian equivalent of the Western payroll tax. It is paid by employers. The government finances the main state social insurance payments from the consolidated SSC amount.