Ukraine has canceled the VAT for IT-companies

President of Ukraine Victor Yanukovich signed the Law “On Amendments to Section XX” Transitional Provisions “of the Tax Code of Ukraine on taxation of the features of software products industry.”
This document is July 5 took the country’s parliament.
The law provides a temporary, from January 1, 2013 to January 1, 2023, to exempt from taxation the value added tax of supply software products.
For software products include the results of computer programming in the form:
- Operating system,
- System, application, entertainment and / or educational computer programs (components),
- As well as Internet sites and / or online services;
Also under the Act fall into the cryptographic protection of information.
The new law eliminated provisions that provide the need for unscheduled inspections of the IT industry by tax authorities and the receipt of the conclusion of the State Agency for Science, Innovation and Informatization of Ukraine.

31 July 2012

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