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MoF clarifies VAT obligations for taxpayers acquiring software rights from non-residents.

  • Ministry of Finance clarifies VAT obligations for taxpayers acquiring non-exclusive rights to software from non-resident
  • Taxpayers must pay VAT on software acquired from non-resident suppliers
  • VAT must be paid by the recipient of the software
  • Clarification aims to ensure compliance with VAT regulations

Source: research.ibfd.org

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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