In a letter No. 3696/C-11 dated 27.03.2013 (hereinafter – the Letter) the Pension Fund (PF) explained the procedure of de-registration of an individual entrepreneur, who has chosen the simplified taxation system.

The PF reminded that since 2010 the mandatory insurance payment was implemented for individual entrepreneur, who have chosen a simplified taxation system.

The PF specified that the amounts of untimely made by an insurant payments, which do not correspond the terms established by Art. 20 of the Law "On Compulsory State Pension Insurance" are considered to be an overdue debt in the payment of insurance premiums. In such cases, the PF authorities send to insurant, who have the arrears, the requirement of its recovery.

According to the Letter de-registration of an individual in the bodies of PF is being made on the basis of information from the registration card provided by the state registrar.

Statement of debt absence for de-registration is being provided by the PF authority to an individual entrepreneur after the final settlement.