TAX REGULATION OF PRIVATE PENSION FUNDS INDUSTRY
The author investigated the tax effect of participation in a non-state pension fund program for individuals - contributors and participants, and for organizations - contributors of non-state pension funds (NPF). The procedure for taxation and tax administration of passive income of NPFs from the placement of pension reserves has been investigated. The conclusion is made about the attractiveness of pension programs for high net worth individuals who pay progressive income tax. It was proposed to clarify the tax reporting of NPFs to ensure taxation of real income from investment of pension reserves, as provided for by tax legislation.