Verkhovna Rada planning to allow leasing operations only to legal entities

Verkhovna Rada planning to allow leasing operations only to legal entities

The Verkhovna Rada of Ukraine has adopted draft law No.3601 "On amendments to the Tax Code of Ukraine to eliminate contradictions and clarify the definition of a leasing (rental) transaction".

The corresponding bill in the first reading was supported by 256 MPs, according to a report posted on the official parliament’s website.

“The draft law proposes clarifying the meaning of the terms ‘leasing (rental) transaction’, ‘operating leasing (rent)’, ‘financial leasing (rent)’, establishing that such transactions can be carried out only by a legal entity and not by a private or legal entity, as envisaged in the current regulations,”  reads the report.

In this regard, the draft law proposes setting out the provisions of the Tax Code of Ukraine in a new version.


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