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developments in financial inclusion for individuals and enterprises (SME finance), retail payments and provides recommendations for … accounts and use cases, as well as SME policy, credit infrastructure, economic empowerment funds and consumer protection and …
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The purpose of the missions of Phase I was to develop a functional central bank, including establishing a modern …
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The NBRB revised in 2018 its regulation on asset classification and provisioning (the Regulation). One of the main changes was the introduction of a new definition for NPLs based on the current framework of risk groups (RGs). This definition substitutes the previous term 'problem assets.' One of...
Persistent link: https://www.econbiz.de/10012517674
This paper discusses four key issues, which are closely connected, on tax policy in Ukraine. These issues are social security contribution (SSC), the simplified tax regime for small taxpayers, the corporate profit tax, and excise tax. Ukraine's SSC rates are very high, which are associated with...
Persistent link: https://www.econbiz.de/10011460464
total a touch over 2 percent of GDP. Bank stress tests suggest that the maximum cumulative bank losses from distressed SME … profit shock, could double the amount of debt-at-risk held by non-SME firms and; (iii) exchange rate shocks appear manageable … given low FX debt and natural FX hedges. Under a downside macro-financial stress test scenario, non-SME credit losses would …
Persistent link: https://www.econbiz.de/10012302759
The topics discussed in this report are tax regimes for small taxpayers (Chapter II) and the tax treatment of special economic zones (Chapter III). Although these aspects of the tax system have little direct effect on public finances, they affect many people and how those people make decisions...
Persistent link: https://www.econbiz.de/10013169078