- From January 1, 2023, software supply is subject to a 20% VAT as the previous exemption was not extended. VAT must be charged and a tax invoice issued for software transactions, including those from non-residents, unless they qualify as royalties. If transactions qualify as royalties, they are not subject to VAT. For software suppliers, if services are provided to non-residents, they are not subject to VAT. If transactions do not qualify as royalties and are not provided to non-residents, VAT must be considered based on the client’s VAT status. For software buyers, VAT must be charged on purchases from non-residents unless it is a royalty, which may require financial adjustments and withholding tax.
Source: news.dtkt.ua
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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