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Weekly Digest

– Garden furniture: trends 2019
– The Ministry did not allow “Ukrzaliznytsia” to increase tariffs without permission
– The Ministry of Finance is developing a bill on the tax on capital withdrawn
– In Ukraine, an acute shortage of sales managers
– It will be necessary to pay off with the state earlier in April

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

1. In the trendy trend garden furniture with precise and strict forms. Cuboid tables, classic rectangular chairs and sofas in vogue, more than ever. The flip side of this trend is the fashion for smooth and rounded shapes.
Another interesting trend of this year is that garden furniture is similar in design to living room furniture. An example would be the furniture of the Italian factory “Minotti”. She created a collection in which sofas, armchairs, tables, tables, chairs. The peculiarity of the models is that they can be used both indoors and outdoors. For this, a soft fabric was chosen, resistant to sunlight and moisture. As a base – Iroko tree, characterized by durability. To facilitate the care of products, all the upholstery is removed.
We stopped at the two most interesting trends, but in general there are much more of them. Some of them are very contradictory, but for the owners of dachas, this is only a plus: there is something to choose from.

2. The Ministry of Economic Development and Trade did not support the draft decree of Ukrzaliznytsia, which provided for an automatic increase in tariffs for freight traffic and related services, which we have already informed. The ministry noted that the method of state regulation of tariffs by “automatic indexation” is not provided by law. In addition, tariffs for the carriage of goods by rail are set by the Ministry of Infrastructure in coordination with the Ministry of Economic Development and Trade and the Ministry of Finance.
It is also reported that some points of the draft decree “Ukrzaliznytsia” do not agree with each other. For example, it establishes specific dates for indexation – from February 1, May 1, August 1, and November 1, 2019. According to the rules, the term for indexation of tariffs should be determined by special bodies in accordance with the Law of Ukraine “On Prices and Pricing”.

3. The main idea of ​​a tax on withdrawal of capital does not change: the profit received by the enterprise is not taxed until it is paid to the owners in the form of dividends and payments equal to them.
Instead of the current rate of income tax of 18%, it is proposed to introduce a rate of 15% on capital withdrawal operations directly to owners (dividends and other direct payments in cash and in kind, even if they are not registered as dividends). And also 20% – on operations that are equal to the withdrawal of capital and for additional accruals. Thus, it is proposed to encourage enterprises not to mask the withdrawal of capital at different interest and royalties to offshore non-residents – then you have to pay 20%. If you officially pay dividends, then the rate will be 5% lower.
It turns out that the capital withdrawal tax mainly concerns the payment of dividends. For example, it is proposed to limit the payment of royalties under the rules of limiting 6% of the net income received in the previous year. The amount of transfers to charity is also limited to 0.5% of last year’s income.
The draft law that is being developed does not cancel the rules for financial accounting (expenses and income). They are primarily needed by the enterprises themselves. But enterprises will not need to underestimate the financial result, which means that the financial statements of a business may become more transparent and attractive to investors and banks. Plus, the capitalization of companies will increase.

4. Ukrainian companies are not able to retain staff, so sometimes young professionals are paid like bankers. Despite the wages growing from year to year, the companies introduced programs of non-material motivation of employees, they are ready to change jobs at the first opportunity – you just need to beckon a little more on your salary. According to the company “Rabota.ua”, last year staff turnover in Ukraine reached 20%.
“Leading” positions in this issue to our country were not least ensured by such a category as sales managers. On the site “Rabota.ua” at the beginning of February 2019 there were 11 thousand. Such vacancies. Because of this, for example, the network of electronics and home appliances stores “MOYO”, sellers are now paid 14 thousand UAH to their sellers. In the regions – a little less. But there are sellers who earn 40-50 thousand per month, the company noted.
Unfortunately, Ukrainian employers are not very attractive neither by salaries, nor by motivations, nor by corporate culture. Therefore, a situation arises when employees come to the company, and not finding what they expected, they simply change jobs. Sometimes it happens several times a year. So there are situations when an employer has to open vacancies again and again.

5. The State Fiscal Service warned all taxpayers in Ukraine that in April they would have to pay taxes earlier than usual. The fact is that due to the large number of weekends due to the celebration of Easter, as well as the day following this day of May 1, the last working day in April is 26 numbers.
“The norms of the Tax Code of Ukraine do not envisage a delay in the payment of taxes and fees (clause 57.1 of Article 57 of the Code), therefore, the payment of accrued current tax liabilities must be made no later than April 26,” summarized in the fiscal service.

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