In 2018, the amount of the tax social benefit increased to 881 UAH. In 2017, it was at the level of 800 UAH. This was reported by the press service of the GFS. "The size of the tax benefit is 50% of the subsistence minimum for able-bodied people (per month), set for January 1 of the reporting tax year. In 2018 this amount increased to 881 UAH. (50% from 1762 UAH. of the subsistence minimum as of January 1, 2018), "the message says.. The tax privilege allows to reduce the accrued monthly salary amount for the amount of the tax social benefit. That is, the amount of the tax social benefit is calculated from the amount of the accrued salary, and after that the salary is taxed on the income of individuals. "And the most important condition: the tax social privilege applies to wages, if its size does not exceed the amount equal to the amount of the monthly subsistence minimum, multiplied by 1.4 and rounded to UAH 10. In 2018, the amount of the restriction is 2470 UAH, "- noted in the GFS. Parents with two or more children are granted a tax allowance for each child.

At the same time, for one of the parents, the maximum wage, which entitles to a benefit, increases, depending on the number of children under the age of 18. For example, if the family has two children, then the benefit will already be 1762 UAH. (881 UAH. for each child), and the amount of income for its receipt increases to 4940 UAH. (for 2470 UAH. for each child). The right to a tax social benefit is shared by both parents.

Original article: Working Ukrainians have increased the size of the tax social benefit.