In Ukraine tax rate for VAT is broken down into three categories: 20 % default rate, 0 % special rate (e.g. for export operations) and 7 % preferred rate for some kinds of operations (e.g. pharmaceuticals trade), all specified under the current Tax Code of Ukraine
Nowadays requirements set by national and international banks in Ukraine to insure pledged property serve as the significant factor driving the insurance market in our country. On the one hand, banks are interested in such kind of insurance as they eliminate the risk of loosing pledged assets. On the other hand, they benefit from the interest paid by the insurance companies. Unfortunately the interest rate has been almost doubled recently which in turn triggered the price of loans. Therefore lenders often concern themselves with the question – is it possible to stand your ground in the relationship with banks?
Liability insurance for legal professionals is relatively new product though it has caught on both in Ukraine and worldwide. Moreover, it is considered to be one of the most complicated and specific insurance products.
Ukraine business owners are usually most discontented in two major spheres which are HR management and marketing. Why does the performance of these two functions rarely meet a leader’s expectations? What gives rise to the most unfavorable criticism? I would like to share 7 tips on how to deal with these discrepancies between your expectations and reality.
In terms of insurance business opportunities in Ukraine are quite extensive given over 45 mln of population and the biggest market in Eastern Europe with low penetration of the insurance services. Latest research shows that in 2014 the share of assets of insurance companies doing business in Ukraine in the country’s GDP accounted for only 3.2 % compared to the same indicator in other countries such as Great Britain (96.5 %), the USA (45.2 %), Japan (66.9 %), France (63.0 %) etc.
CASCO Insurance is one of the most popular motor vehicle insurance products. Unlike obligatory motor third party liability insurance CASCO coverage is completely voluntary and allows car owners to feel more secure when driving in Ukraine.
In Ukraine sick leave certificate is a valid document justifying an employee’s absence from work. It is also taken into account when reports are submitted to Social Security Fund or various kinds of compensation are calculated. Ironic as it is health insurance can sometimes put the timely issuance of sick leave certificate in jeopardy.
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