Abstract
Object. One of the progressive investment tools that allow to renew the property and manage the working capital is a leaseback. It has some tax risks because the tax authorities pay special attention to leaseback transactions. The taxation of leaseback is the subject of this study.
Purpose of Research. Development of recommendations on amendments to leasing and tax legislation for the formation of a regulatory environment of leaseback taxation.
Methods. We used general scientific methods, including comparison, grouping, analysis and synthesis of theoretical material.
Results. The paper describes the Russian system of leaseback taxation in the context of specific taxes types. The court practice and court decisions on tax disputes about using of the leaseback mechanism are analyzed. Based on the analysis, the author’s recommendations on amendments to the current legislation are proposed.
Application Area. The results of the study can be used by the legislator as recommendations for adjusting the leasing and tax legislation, by law enforcement authorities for a deeper understanding of the nature of leaseback, the logic of its taxation, and by researchers in researches on problematic issues of leaseback investments.
Summary. The formation of favorable external conditions which ensure the reliability of leaseback and its clear recognition in the regulatory system will allow to implement the proposed concepts for the development of leaseback in practice. Ultimately, it can intensify the financing of organizations using the leaseback mechanism and the protection mechanism of the tax interests of the subjects of such operations.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Akopyan, O.: Legislation in the field of investing in capital investments. J. Russ. Law 2(158), 13–22 (2010)
Antipova, O.: Legal regulation of investment activity (analysis of theoretical and practical problems). http://base.garant.ru/5483800/. Accessed 05 Apr 2018
Avdeev, V.: Rent (leasing): return leasing, or risks of tax optimization. Accountant and Law 7(151), 7–9 (2011)
Dolgushina, Yu.: Return leasing. Russ. Bus. 2(38), 103–105 (2003)
Dun, I.: Return leasing in Russia. Financ. Credit 441, 51–55 (2011)
Fedulova, E., Vakutin, N.: Organizational and economic aspects of substantiation of the concept of development of leaseback in the Russian Federation. Nat. Interests: Priorities Secur. 7, 1320–1332 (2017)
Gainetdinov, M.: Leasing is an advantageous form of entrepreneurship. Econ. Law 8, 31–40 (2010)
Ivanchenko, M.: The essence of sale-and-leaseback. Humanitarian Socio-Econ. Soc. Sci. 10(2), 37–39 (2015)
Ivanova, N.: Problems of the leasing market in Russia. Economics and management in the 21st century: development trends, vol. 20, pp. 89–93 (2015)
Kharchenko, A.: Return leasing: legally or not legally? Financ. Account. 5, 14–16 (2011)
Kokurin, A.: Necessity and conditions for the development of returnable leasing in Russia. Actual Issues Econ. 9–1, 94–102 (2009)
Kokurin, A.: Problems of using returnable leasing in the Russian Federation. Russ. Bus. 2–1, 61–66 (2010)
Rudkov, A.: On the issue of the possibility of using return leasing in attracting financing by industrial enterprises. Bull. Omsk Univ. 4, 35–36 (2007)
Russian investment statistics. http://www.gks.ru/wps/. Accessed 06 Apr 2018
Sal’kova, O.: Tax burden and fiscal optimization. Finance 10, 37–41 (2015)
Smirnov, K., Nikitina, T.: Leaseback as a mechanism of mediated self-financing. Banking 12, 60–62 (2011)
Vakutin, N., Fedulova, E.: Developing the accounting policy elements, providing the conditions for leaseback as a tool of corporate finance management. Int. Account. 21(3), 254–270 (2018)
Vakutin, N., Fedulova, E.: World and Russian leasing business: modern development trends. Fundam. Res. 11, 133–138 (2016)
Weidner, J.: Synthetic leases: structured finance, financial accounting and tax ownership. J. Corporation Law 25, 445–487 (2000)
Zotova, Yu.: Results, trends and prospects of development of leasing relations in the Russian Federation. Russ. Econ. Internet Mag. 1, 12–19 (2014)
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2020 Springer Nature Switzerland AG
About this paper
Cite this paper
Vakutin, N.A., Savina, Y.U., Salkova, O.S. (2020). Formation of Regulatory Environment for Returned Leasing Taxation in Russian Federation. In: Solovev, D. (eds) Smart Technologies and Innovations in Design for Control of Technological Processes and Objects: Economy and Production. FarEastСon 2018. Smart Innovation, Systems and Technologies, vol 138. Springer, Cham. https://doi.org/10.1007/978-3-030-15577-3_12
Download citation
DOI: https://doi.org/10.1007/978-3-030-15577-3_12
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-15576-6
Online ISBN: 978-3-030-15577-3
eBook Packages: Intelligent Technologies and RoboticsIntelligent Technologies and Robotics (R0)