VAB Leasing Took Part in Round Table on Leasing Market
OREANDA-NEWS. April 04, 2012. Within the Round Table "State control at the leasing market. How to improve its effectiveness", which was held recently in Kyiv, there were discussed the prospects of establishing relations between the participants of the leasing market and Natskomfinuslug and controversial issues for urgent settlement, reported the press-centre of VAB.
Lyudmila Zolotaryova, VAB Leasing General Manager, mentioned situations at the market when there are risks to decrease the quality of leasing services: "There are some leasing companies that do not work with new clients, but only support the old contract. For these companies there is no need to keep a large staff, and they optimize costs through staff reductions. However, they can not provide quality service to their customers. A good decision may be the option of selling the assets to operating leasing company, but it is necessary to pay the additional VAT, although initially the tax has already been paid by first lessor. The prospect of double taxation hampers the market to consider such transactions, as a result affects the quality of leasing services for consumers".
According to the expert, the introduction among other legislative initiatives relevant rule that would allow the deal of the purchase of the leasing portfolio with no additional VAT would be a positive solution to the market. This would stimulate the development of competition at the market and promote the lease due to the high standards of quality of offered service.
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