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IP Holding Company – A company whose assets are intangible assets, such as proprietary copyrights and related laws to works, as well as industrial property rights (e.g. patents, trademarks). Such a company’s operations consist, among others, in the use and disposal of its rights, e.g. granting a license for the use of trademarks, whereby such a company may also conduct other types of operations.

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What does the yearly settlement of VAT tax look like?

With the inclusion of local differences in the country, the value added tax is an indirect tax, which charges the end customer in the final settlement. The VAT tax is included in the price of a good or service by the salesperson, who is taxed with VAT. The VAT is paid by the traders from the received revenue (sales).

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