Taxation of information services in Ukraine?
The Cabinet of Ministers, together with the fiscal services, is constantly trying to create conditions in order to attract additional funds to the country’s budget. Since the information sphere is developing at a great pace every year, it is logical that officials wanted to get this pie under control, or as they say: “Proper administration”. But this market segment is extensive and the state simply does not have enough strength and resources to cover it completely. First, they took under the guardianship of news agencies with digital publications and the Ministry of Justice is now successfully issuing registration certificates to such organizations with the right to broadcast on the territory of Ukraine. As a rule, such companies choose the general taxation system. Secondly, they are trying to control online stores. Now, in order to sell goods, services online, you need to at least open an individual entrepreneur and keep records of the products sold and report once a quarter through the taxpayer’s electronic account. Naturally, it is necessary to pay a single social contribution, regardless of whether there was a profit or not. But an online store is a separate topic, today we will only talk about virtual products, and specifically, about software development services and VAT for them.
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