Operational Leasing – A Smooth Pathway to Effective Resource Use

Operational leasing offers Ukrainian businesses a flexible solution for short- and medium-term use of assets (property, transport, equipment) with no transfer of ownership. Recent legal and accounting changes have made the process more structured and, consequently, riskier for the unprepared. Today, proper contract drafting and regulatory compliance—because of new versions of accounting standards (NP(S)BO 14), the Tax Code, and the Civil Code—are absolutely crucial. Operational leasing allows companies to use assets efficiently without overloading their balance sheets. There are subtle but important differences between leasing and standard rental agreements, and the vocabulary used in contracts can have profound tax implications: under certain conditions, the tax authorities may reclassify an operational lease as a financial lease, impacting both VAT and corporate tax. That's why you should always seek advice from experienced legal and accounting specialists, to secure your business and achieve optimal financial results. For lessors, post-2023 rules require special recognition and expensing of direct costs (such as legal and consulting fees). Lessees must record their lease payments correctly and follow requirements for investment property when only part of the asset is leased. By ordering our operational leasing support, you get: • Professional contract analysis and tax risk assessment; • Full package of legal documents: contracts, transfer certificates, etc.; • Guidance on optimizing costs and tax models; • Legal assistance at every stage—including dispute management; • Accounting policy review and recommendations based on current regulations. Leverage our expertise to avoid mistakes, save time, and focus on your business growth. Operational leasing, when handled correctly, is a powerful tool for both lessee and lessor.