Contributions under voluntary health insurance (VHI) contracts lasting up to one year can be recognized as other expenses when calculating corporate profit tax. However, the insurance payments themselves cannot be deducted as an expense. Previously, the Federal Tax Service (FTS) clarified the rules regarding contributions when a VHI contract is terminated early due to employee resignation or new hires.
Document: Ministry of Finance Letter No. 03-03-06/1/3242, dated January 17, 2025.
Document: Ministry of Finance Letter No. 03-03-06/1/3242, dated January 17, 2025.