President of Ukraine signed the 1st law on tax preferences for IT
President of Ukraine signed the Law No.5091-VI on amendments in Chapter XX of Tax Code regarding taxation of software business.
According to this document, since 2013 software delivery operations will be free from VAT for 10 years. Additionally, software business will be given 5% decrease on profit.
Another Law No.8267 concerning privileges for software developers is being improved now and will be adopted this fall.