Minimum wages in 2020, UAH | Subsistence level in 2020, UAH | |
4723.0 | From 01.01.2020 | 2027.0 |
From 01.07.2020 | 2118.0 | |
From 01.12.2020 | 2189.0 |
According to Article 8 of the Law of Ukraine “On State Budget of Ukraine for 2020” the minimum wages in 2020 shall be the following:
- Monthly – 4723 hryvnias;
- Hourly – 28.31 hryvnias.
The State Budget 2020 does not stipulate increase in minimum wage in 2020.
Application:
Value of minimum wages is used when determining:
- Minimum unified social tax;
- Maximum nontaxable per diem expenses during business related travels within Ukraine;
- Severance pay in case of conscription or beginning of military service, referral to alternative (nonmilitary) service, etc.
According to Article 7 of the Law of Ukraine “On State Budget of Ukraine for 2020” the subsistence level per person per month in 2020 shall be the following:
- From 1 January — 2027 hryvnias;
- From 1 July — 2118 hryvnias;
- From 1 December — 2189 hryvnias.
In 2020 the subsistence level for main social and demographic groups of population is the following:
Social and demographic population groups | Subsistence level, hryvnias | ||
from 01.01.2020 till 30.06.2020 | from 01.07.2020 till 30.11.2020 | from 01.12.2020 till 31.12.2020 | |
Children under 6 years | 1779 hryvnias | 1859 hryvnias | 1921 hryvnias |
Children (6-18 years) | 2218 hryvnias | 2318 hryvnias | 2395 hryvnias |
Able-bodied persons | 2102 hryvnias | 2197 hryvnias | 2270 hryvnias |
Disabled persons | 1638 hryvnias | 1712 hryvnias | 1769 hryvnias |
General value | 2027 hryvnias | 2118 hryvnias | 2189 hryvnias |
Application:
Subsistence level for able-bodied persons is used to determine:
- tax social privilege, which reduces personal income tax
Source: LIGA:ZAKON
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