Finance Ministry to introduce new tax regime on leasing of automobiles

The Finance Ministry is rumored to have endorsed a proposal that would introduce a new rate on leasing for automobiles. The regime would be advantageous to leasing firms. The solvency problems that most players in the leasing game faced were caused by the inability to pass on value-added tax (VAT) they pay to consumers. The new legislation would also provide guidelines on terms for purchasing the leased vehicle by the user after the leasing contract has expired. (Puls Biznesu, page 5) S.M.