Official explanation about VAT in Ukraine

Dear users and partners from Ukraine! On January 1, 2023, a special exemption for the abolition of VAT for IT companies operating in the domestic market ended in Ukraine. Everyone expected that this benefit would be extended for several years, but this did not happen. The abolition of the VAT exemption means that all companies that sell software on the domestic market are suddenly subject to 20% VAT. Which in turn will lead to an increase in prices for end consumers by the same 20%. But, due to the martial law, we have the opportunity to temporarily switch to a special scheme with a payment of 2% of the turnover and not pay VAT at the same time. Which is what we did. This means that, at least until the end of martial law, we do not increase the prices of end consumers and our partners. Frequently asked question: Have we become VAT payers? Answer: No, they didn't. Thank you for your attention. Sincerely, Maxim Miroshnichenko