The Main Department of the State Tax Service in Kyiv draws attention to the fact that the date of tax liability of the lessor (lessor) for financial leasing (financial lease) is the date of actual transfer of financial leasing (financial lease) in possession and use to the lessee (lessee) ).
In accordance with paragraphs. “A” § 185.1 of Art. 185 of the Tax Code of Ukraine (hereinafter – TCU) the object of VAT taxation are the operations of taxpayers, in particular, the transfer of the object of financial leasing in the possession and use of the lessee / lessee.
At the same time, the transfer of property to storage (responsible storage), concession, and leasing (lease) is not subject to VAT, except for transfer to financial leasing (paragraph 196.1.2, paragraph 196.1, Article 196 of the TCU).
The date of occurrence of the lessor’s tax liabilities for financial leasing transactions is defined in paragraph 187.6 of Art. 187 TCU.
Source: gov.ua
