Published 2 May 2018. Some rules have changed since; ask us for the current position.
A lawyer practising independently
A lawyer's work counts as independent when it consists of providing defence or other types of legal assistance to a client. This is stated in Article 1 of Law of Ukraine No. 5076-VI of 5 July 2012 "On the Bar and Practice of Law" (Про адвокатуру та адвокатську діяльність).
Paragraph 3 of Article 4 of the same law gives a lawyer the right to:
practise individually;
work in a law bureau with its…
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Published 2 May 2018. Some rules have changed since; ask us for the current position.
Why average pay and indexation figures can differ
The sequence for calculating the consumer price index (CPI) for indexation purposes is set by the Procedure for Indexing the Monetary Income of the Population (Порядок проведення індексації грошових доходів населення), approved by Cabinet of Ministers of Ukraine (CMU) Resolution No. 1078 of 17 July 2003 and usually called simply the Indexation Procedure. It contains several worked examples of how the CPI should be calculated. So if both…
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Published 27 April 2018. Some rules have changed since; ask us for the current position.
Legal basis. Under subparagraph 4 of paragraph 297.1 of Article 297 of the Tax Code of Ukraine (Податковий кодекс України), some participants in the single tax (єдиний податок) regime, namely individual entrepreneurs (FOP, фізичні особи-підприємці), are released from the duty to pay land tax, calculate it and declare it to the tax authority.
Taxable objects. This type of taxation covers:
land plots owned by the FOP;
land plots…
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The steady growth of Ukraine's economy and its gradual integration into international business processes are giving rise to entirely new ways of doing business. Manufacturers compete constantly with entrepreneurs who fill the market with imported goods, so cutting the production cost of domestic products, which can attract more buyers, becomes a pressing issue. This calls for a more rational and careful use of the company's resources and a gradual reduction in costs.
The role of accounting in a company's success
In day-to-day operations, documentary…
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Keeping the books properly saves a business from many problems and gives a true picture of its operations. To do this, a manager can hire an experienced accountant or even a team of specialists — economists and accountants. That, however, means paying all of them salaries plus payroll taxes, which cuts into overall profit and can end up turning it into a loss.
There is another option — hand the bookkeeping to a specialist outside firm and pay only under a service agreement, which works out cheaper in the end. This arrangement is called accounting outsourcing, and it is used more and more…
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