Who pays taxes on leased equipment and what taxes

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Purchasing equipment on lease makes it possible to reduce tax payments through deductions, but there are certain nuances here.

Property tax

The property tax is paid by the owner. Accordingly, when venezuela mobile phone numbers database transferring property belonging to the lessor into lease, the lessee is not required to pay the tax.

Income tax

Lease payments may be classified as other expenses, thereby reducing the taxable base (Tax Code of the Russian Federation, Art. 264, paragraph 1, subparagraph 10). If payments include the cost of redeeming the leased asset, it is deducted from payments when accounting for expenses.

Return of leased property

Source: shutterstock.com

Transport tax

Transport tax is charged only on property that falls under the category of vehicles (TS). The amount of transport tax is determined by the tax authority based on the capacity of the TS. Since leasing is associated with the transfer of the owner's property for rent, the taxpayer is the lessor.

VAT

When using the general taxation system, the lessee has the right to deduct VAT. The basis is an invoice issued by the lessor with VAT allocated, which is deducted when the lessee pays the tax (Tax Code of the Russian Federation, Art. 171, 172).


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Example of equipment leasing
Let's say we have the following information about a business:

The entrepreneur has 13 years of experience. Previously, he applied a single tax on imputed income, then switched to a patent. It is also possible to combine it with a simplified taxation system (STS).

At the moment, in addition to real estate, the individual entrepreneur owns two tractor units and two semi-trailers.

During the cold season, the transport runs around Yakutia. In the summer, various cargo transportations are carried out. In the off-season, the equipment is repaired or stored in a warehouse.

One of the trucks was purchased 10 years ago and needs to be replaced urgently.

The individual entrepreneur contacted a seller from his region and received a commercial offer for a truck tractor worth 10,200,000 rubles, including VAT. The expected delivery time is one month.

The seller himself took on the search for a leasing company, and the entrepreneur agreed to the proposed terms. The seller provided the available information to the leasing company, after which its representative discussed the terms of the transaction with the individual entrepreneur by phone and sent a list of documents required for the execution of the preliminary agreement by e-mail.