Failing to timely pay the Unified Social Tax (ЄСВ) exposes freelance entrepreneurs (ФОП) to significant penalties, even if the payment is made later. Legal expert Mykhailo Ortinsky clarified that penalties are unavoidable and escalated costs will arise if payments are delayed.
Consequences of Late or Incomplete ЄСВ Payments
According to Article 25 of the ЄСВ law, a 20% penalty will apply to the outstanding amount regardless of the reasons for the delay, even if payment is eventually made. If the tax authority reassesses the ЄСВ owed, an additional 10% penalty is applied for each reporting period, capped at 50% of the reassessed amount.