Tax accounting for loans and leasing

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When leasing, it is worth checking other conditions that may be critical for the lessee. For example, the size of the down payment, the rate of appreciation, the possibility of early redemption of the subject of the transaction, the need for its insurance, conditions for training the lessee's employees and servicing the leased equipment.

According to the new rules that came into force in 2024, the loan agreement must specify the full cost of the loan, including the rate (fixed or floating), interest and fees, the borrower's credit rating, i.e. credit history. It includes a list of existing loans, their performance status, debt burden (the percentage of monthly income that goes morocco whatsapp number data to repay the loan), debts transferred to collectors for collection.

Please note that recently, financial institutions have been legally prohibited from using fine print when applying for a loan.



The specifics of tax accounting are another significant difference between leasing and credit.

The following rules apply to lease agreements concluded in 2022 and later :

the lessee does not have the right to depreciate the leased asset, even if the agreement states that the acquired property can be placed on the company's balance sheet;
lease payments are indicated in the expense item, but if they include the redemption value, then the costs are formed after its exclusion;
Since 2022, the lessee is exempt from paying property tax on the organization, regardless of whose balance sheet it is listed on: the lessor or the lessee ( in accordance with paragraph 3 of Article 378 of the Tax Code of the Russian Federation).
Interest on a loan, unlike the amount of the loan itself, can also be recorded in the expense item. But to do this, you must first calculate it correctly. This will require information such as the amount of credit or borrowed funds, the interest rate on the loan, the number of calendar days in the reporting period. The amount of interest on the loan is calculated using the formula : the loan amount is multiplied by the annual interest rate on the loan, divided by 365 days and multiplied by the number of days in the billing period.