VATupdate

VAT treatment of termination of financial leasing contracts

The Slovenian Financial Administration issued a correction of previously issued explanation (from 2014) on VAT treatment of termination of financial leasing contracts:

According to the new explanation, if the financial leasing contract is terminated (regardless of whether the leased asset is returned or not), the value of non-due installments until the termination of the contract is subject to VAT (https://bit.ly/3peHfMn).

Source Leitner

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