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News digest

  • Expanded the capabilities of the export credit agency

  • Business is increasingly suffering from government agencies

  • Resumption of tax audits

  • A book about product design in Ukraine

  • You have to combine office and remote work

Everything that happened last week in Ukraine and the world and that is relevant to the furniture maker, read in our digest:

 1. Verkhovna Rada approved in the first reading the draft law “On simplification of exports of Ukrainian products”, which provides for the expansion of the Export Credit Agency (ESA) to provide insurance and reinsurance, cheaper export crediting, as well as increasing the initial authorized capital of ESA to at least two billion hryvnias.

It is also proposed to leave only one type of state aid – state guarantees to ensure the fulfilment of ESA’s debt obligations.

2. In the fourth quarter of last year, the Council of the Business Ombudsman in Ukraine received 451 complaints from businesses about the actions of government agencies. The number of business complaints increased by 3% compared to the previous quarter and by 9% compared to the same period in 2019.

The majority of complaints concerned the actions of tax authorities (64%), law enforcement (12%), state regulators (7%), customs (4%) and local authorities (3%). These issues accounted for 90% of all complaints.

The majority of complaints (76%) came from small businesses.  

3. The Cabinet of Ministers approved provisions to reduce the validity of restrictions on tax audits of businesses imposed during the quarantine period. Suspended or unfinished inspections started before the moratorium will be resumed. Checks of entrepreneurs who carry out risky operations according to the analytical system will be resumed.

Documentary checks on compliance with the deadlines for receipt of goods for import transactions and/or foreign exchange earnings for export transactions are returned. The Cabinet of Ministers allowed unscheduled documentary inspections, the need for which arose as a result of complaints about the actions or inaction of regulatory authorities regarding the illegal accrual of taxpayers’ monetary obligations.

The resumption of tax audits will not affect individual entrepreneurs: the moratorium on them remains in force.

4. The editorial board of SR PUBLISHING presented the first issue of the book “Product Design in Ukraine (furniture, lighting, decor)”.

The book includes items of furniture, lighting and decor developed by Ukrainian designers and companies over the past five years. The author of the book is media manager Lucy Bondar. Concepts are presented and not yet implemented.

5. 2021 will be a defining year for the entire 21st century, according to the global consulting company “Accentur” and give seven tips that can help businesses be successful. So, the following advice.

Many are in no hurry to return employees to offices. In one global survey, three-quarters of employees said they wanted to combine office and remote work after a lockdown.

Given this trend, businesses should pay attention to the following things:

– Investing in hardware and software in the field of home-office will soon be commonplace. Companies that are investing in this area right now can gain a competitive advantage in the market;

– Find out what aspects of lifestyle and work in the home-office mode can be transferred to work in the office. For example, a dress code, working day flexibility, or performance appraisal based on results rather than desktop time. And vice versa: what can be transferred from office work to home-office.

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