If the terms of the license agreement provide for granting the recipient (buyer) the right to use the object of intellectual property rights (including trademarks) without the possibility of its sale or alienation in another way, the supplier receives payment from the recipient (buyer) as a fee for granting such a right to use the trademark for VAT purposes is defined as royalties and, accordingly, such a transaction is not subject to VAT.
Source: visnuk.com.ua
Latest Posts in "Ukraine"
- General VAT Tax Consultation on Computer Software and Digital Content Operations Approved in Ukraine
- Finance Ministry Unveils Major Tax Bill Introducing New VAT Rules and Revenue Measures
- Tax Invoice and Shipment Date: DPS Clarifies VAT Liability and Tax Credit Determination
- Proportion of Goods Use for VAT Adjustment When Deregistering a Taxpayer in Ukraine
- How to Request and Obtain an Extract from the VAT Payers Register in Ukraine
