Legal news 2014/6- Financial lease contracts

The new Civil Code effective as of 15 March 2014 contains such a regulation which was not highlighted at all, although it has a substantial influence on thousands of taxpayers’ accounting practice.

Among market players, it is a common practice that a part or even all the assets (such as office machines) necessary for operative function are not acquired, but leased and at the end of the duration (which can be even 2-3 years), they are given back to the owner. Characteristics of these constructions among others – contrary to financial leasing transactions – include that the assets are recorded in the books of the lessor (owner) during the term. Therefore, the lessor accounts for depretiation on the assets and, on the other hand, the amount provided by the lessee is completely accounted as a service fee.

 To read the whole newsletter:


Legal newsletter 2014/6- Financial lease contracts
Legal newsletter 2014/6- Financial lease contracts