The list of participants in the state social security system has been expanded – innovations of the Law "On Amendments to Laws on Entrepreneurial Activities"

The Vitebsk Regional Department of the Social Protection Fund of the Population informs.

The Head of State signed the Law of the Republic of Belarus of April 22, 2024 No. 365-Z "On Amendments to Laws on Entrepreneurial Activities" https://pravo.by/document/?guid=12551&p0=H12400365. The document expands the list of subjects of mandatory participation in the state social security system.

These subjects will include citizens engaged in:

independent professional activities, for which a single tax on individual entrepreneurs and other individuals is paid;
craft activities, for which a craft fee is paid;
activities for providing services in the field of agro-tourism, for which a fee for carrying out this type of activity is paid.

Starting from October 1, 2024, these citizens are obliged to pay mandatory insurance contributions for pension insurance to the budget of the state off-budget fund for social protection of the population of the Republic of Belarus.

The procedure for paying contributions and their deadlines for the specified persons, as defined by Law No. 365-Z, are analogous to those for individual entrepreneurs, in accordance with the Law of the Republic of Belarus of July 15, 2021 No. 118-Z "On Contributions to the Budget of the State Off-Budget Fund for Social Protection of the Population of the Republic of Belarus": the object for accrual of contributions is the income determined by them,

not less than the minimum wage established and indexed in accordance with the legislation in the month for which contributions are paid;
not more than sixty times the average wage of employees in the republic for the last month of the year preceding the year for which contributions are paid (Articles 4, 9 of Law No. 118-Z);

For reference. The monthly minimum wage from January 2024 is set at 626.00 rubles; the nominal accrued average monthly wage for December 2023 is 2271.00 rubles.

The amount of pension insurance contributions (as a percentage of the object for their accrual) is 29 percent (Article 5 of Law No. 118-Z);

For reference. Social insurance contributions (6 percent) are not paid by individuals engaged in independent professional activities, craft activities, and activities for providing services in the field of agro-ecotourism.

Payment of contributions for periods of activity carried out in the reporting year is made annually, no later than March 1 of the year following the reporting year (for the 4th quarter of 2024 – no later than March 1, 2025) (Articles 8, 11 of Law No. 118-Z).

Please note! The innovations introduced by Law No. 365-Z do not affect the procedure for paying contributions to the fund's budget by taxpayers of professional income tax.

Detailed information can be obtained from the regional departments (sectors) of the Social Protection Fund of the Population.