Ukraine's State Fiscal Service recently published guidance clarifying the application of the temporary value added tax (VAT) exemption for the supply of software and the VAT exemption for royalties.
According to the guidance, operations involving the supply of software are exempt from VAT from 1 January 2013 to 1 January 2023. In addition, royalty payments are exempt from VAT, which includes any payment received as consideration for the use of, or right to use, intellectual property (IP), in…