Accounting, Payroll, Tax & Legal since 1989

Royalties taxation has been changed

From the 1st of August 2017 the social insurance contributions should be paid only from 50% of the royalty’s amount, if the author receives income not from his / her employer.

We would like to note, that it is not important, whether the author has employment relationships with other employers.

Moreover, from the 1st of August 2017 income received on the grounds of copyright license agreements is exempted from the social security contributions.

11.08.17


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