What is indexed income in SAP PY-UA - Ukraine?

SAP Term: indexed income

• Component: PY-UA

• Component Name: Ukraine

• Description: The part of an employee’s income for which you have calculated an indexation amount to counteract inflation. &Example& Assume that an employee has jobs with two different employers: a main employer and a secondary employer. The main employer calculates the required indexation amount for the employee first. When the secondary employer calculates the indexation amount for the employee, the secondary employer reduces the income that is relevant for indexation by the indexed income from the main employer.

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• Key Concepts: 
  Indexed income is a type of income that is adjusted for inflation in the Ukraine. It is used to calculate the amount of taxes that an individual or business must pay. The indexed income is calculated by multiplying the actual income by the indexation coefficient, which is determined by the Ukrainian government. 
  
  How to use it: 
  In order to calculate indexed income, you must first determine the indexation coefficient. This can be found on the official website of the Ukrainian government. Once you have determined the indexation coefficient, you can then multiply it by your actual income to calculate your indexed income. 
  
  Tips & Tricks: 
  It is important to keep track of any changes in the indexation coefficient as this can affect your indexed income. Additionally, it is important to make sure that you are using the correct indexation coefficient for your specific situation as different types of income may have different coefficients. 
  
  Related Information: 
  For more information on indexed income and how it works in Ukraine, please refer to the official website of the Ukrainian government. Additionally, there are many online resources available that provide more detailed information on indexed income and how it works in Ukraine.