- 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.
Latest Posts in "Ukraine"
- VAT Exemption for Pawnshop Sales of Pledged Property from Non-VAT Payers
- Ukraine Proposes Extending VAT Exemption for Electric Vehicles and Clarifies Defense-Related VAT Documentation
- VAT Exemptions for Services to Disabled Persons: Details from the State Tax Service
- New VAT Innovations: Cash Method Extended, New Tax Exemption Introduced in Energy Sector
- VAT Exemption for Pawnshop Transactions Involving Pledged Property in Ukraine
