Taxes in IP

The taxation of transactions involving objects of intellectual property (intangible assets) is a topic that brings tears to the eyes of business owners and corporate accountants. By contrast, Synergy’s clients are calm and determined, as our specialists are among the best in Ukraine in the field of intellectual property taxation.

Wherein lies the complexity of taxation of transactions involving objects of intellectual property?

Firstly, the taxation of payments on transactions involving intangible assets is unique for almost all types of taxes (VAT, income tax, personal income tax, non-resident income tax, unified tax).

Secondly, the tax legislation in this area is very variable and changes at least once a year, as is the approach of tax authorities and courts in resolving disputes in this category.

Thirdly, incorrect wording in one clause or even a sentence in the contract for utilization of intellectual property rights may lead to negative tax consequences.

To avoid tax troubles, it is worth to involve tax specialists before concluding contracts, in order to create the correct and expected model for working with intellectual property rights.

On contacting us, you receive:

• Assistance in creating a model for working and contractual relations in accordance with the optimal tax regime, including work with software products;
• Development of contracts or making amendments to existing contracts in accordance with the chosen model for working;
• Development of documents and agreements with employees/authors including settlement of all legal and tax issues;
• Development of documents and agreements with employees/authors including settlement of all legal and tax issues;
• Consulting on VAT taxation concerning software transactions, including online services (SAAS), cloud storage (IAAS) and software infrastructure (PAAS);
• Support in obtaining individual tax advice;
• Assistance in appealing against unlawful decisions of tax authorities;
• Consulting on any other issues related to the taxation of transactions involving objects of intellectual property.