Published 27 January 2017. Some rules have changed since; ask us for the current position.
The Ministry of Finance of Ukraine has published a draft order "On approving Amendments to the Regulation on documentary support for accounting entries" (Положення про документальне забезпечення записів у бухгалтерському обліку).
The order is intended to bring the Regulation on documentary support for accounting entries, approved by Ministry of Finance Order No. 88 of 24 May 1995, into line with Law of Ukraine No. 1724-VIII of 3 November 2016 "On amending certain laws of Ukraine…
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Published 16 August 2016. Some rules have changed since; ask us for the current position.
In its letter No. 04-27/10-465 of 10 May 2016, the Verkhovna Rada Committee on Tax and Customs Policy set out its own position on reducing the pre-tax financial result by the amount of dividend income (subparagraph 140.4.1 of the Tax Code of Ukraine, Податковий кодекс України).
In the committee's view, a corporate income tax payer that receives dividends may apply this adjustment and reduce its pre-tax financial result by the dividend income accrued from any corporate income tax payer.
The…
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Businesses regularly have to deal with a wide range of institutions, and the reasons are rarely pleasant: late filing of documents or reports, or failure to meet an official's requirements.
Where qualified help is most often needed:
tax and customs authorities;
competition authorities and the enforcement service;
central and local government bodies;
law enforcement agencies;
banks.
What the service includes:
comprehensive advice to the client on approaching and working with government officials;
preparation…
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A noticeable share of Ukrainian businesses operate fully or partly in the shadow economy. Most of the shadow sector consists of micro and small businesses.
Business activity is, first and foremost, the sale of goods, works and services with the aim of earning income.
Because business activity is so varied, it is classified by type.
Types of business activity
Entrepreneurial activity can be of two kinds:
commercial;
non-commercial.
Commercial activity is carried on to make a profit.
Non-commercial…
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An assurance engagement is one in which the auditor expresses a conclusion designed to increase the confidence of the intended users of a company's reporting, other than the responsible party.
Assurance engagements include:
assessing (testing) the effectiveness (compliance) of the internal control (internal audit) system;
assessing (testing) the effectiveness (compliance) of the management system;
assessing (testing) the effectiveness (compliance) of staff incentive and pay schemes;
assessing whether the company's activities…
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