On April 15, another workshop ‘Everything about Royalty for Enterprises’ was held. The workshop speakers
continue updating information about the latest trends in judicial and taxation practices, related to intellectual property royalty taxation, and sharing it with accountants, managers and everyone who deals with such transactions.
Synergy Agency’s speakers, lawyers Yuliia Matsiuk and Anastasiia Radomska, told attendees about the main intellectual property items and intellectual property rights assignment agreements, as well as a withholding tax and application of double taxation avoidance agreements when paying royalties to non-residents.
In addition to the analysis of royalty payments and tax consequences 
when making such payments to various entities, Synergy Agency’s Managing Partner Viktoriia Ostapchuk told listeners about the peculiarities of software transactions in detail. Viktoriia provided examples of the most popular software application patterns, told about agreements used in practice and the taxation scheme for payments under such agreements depending on their terms and conditions. Each example was backed with letters from tax authorities.
The workshop was also attended by accounting consultant Tetiana Paientko, intellectual property appraiser Olena Kyiashko and non-resident specialist Yuliia Ivasiutyn. They told attendees about the special aspects of intellectual property and intangible assets accounting, transfer pricing and appraising peculiarities, as well as business modeling assisted by non-residents for tax planning purposes.
Traditionally, the issue of taxation prompted a lot of questions from attendees based on their practical experience in intellectual property items. As the workshop’s purpose is to directly assist entrepreneurs in dealing with tax peculiarities, speakers interactively communicated with each participant, giving advice and sharing practical knowledge.
The royalty workshop continues its work, updates its programme and invites everyone interested in discussing royalties and taxes to its summer session.
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