Nowadays, there is an increasing need for cross-border leasing services, either from the clients' side or from the leasing companies' side. Although the VAT rules are largely harmonized within the European Union, the accounting and other tax rules regarding leasing transactions (financial and operational leasing) vary to a great extent in Member States. Therefore, significant tax savings might be achieved with thorough planning. Using the Central European network we can help our clients to understand the different taxation and accountancy rules that are applicable in different states, and assist them to implement cross-border leasing structures within the region. The VAT saving opportunity can be utilized in case of cross-border leasing between a Member State and a non-EU country as well, even if the transaction triggers customs liability.
|