Consultation how to reflect in accounting of operation on return is given to the lessor of equipment in connection with untimely calculations for the combine.
Under the contract of financial leasing the agricultural enterprise received the combine. However in connection with untimely calculations the combine to the lessor returned. How to reflect operations on return of such object in accounting and tax accounting?
Let’s consider reflection of such operation from positions tax and accounting.
Profits tax
The enterprise – the payer of the profits tax of an opeyoratsiya on equipment return to the lessor reflects by the rules defined by subitem 7.9.6 of the Law about pribyli. That is for the taxation return to a liyozingopoluchatel of object of financial leasing priravnivaetsya to returnable sale.
It follows from this that at combine return the lizinyogopoluchatel increases the sum of a gross income by the cost of the combine calculated proceeding from the usual prices which affected the moment prodazhi. And such cost shouldn’t be menshe initial cost of the combine, umenyyoshenny amortization for the sum added soglasyono to standards of Art. 8 of the Law on profit.
VAT
In the Law on the VAT there is no the norm equating such return to sale therefore the VAT on this operation isn’t charged
However it is possible that the enterprise poluchilo in financial leasing with VAT already added on its cost and all sum of this tax carried the combine in the tax credit. In that case the part of the tax credit should be modified towards an umenyyosheniye. Let’s explain why.
As operation on delivery of fixed assets within the contract of financial leasing is objekyoty VAT taxation, such funds, in case of them vozvrata, are considered sold partially – regarding their samortizirovanny cost. Therefore, we consider, summu the tax credit, a ne-samortizirovannoj of cost of the combine falling on a part, it is necessary to exclude from the tax credit by rules, izloyozhenny in subitem 4.5.1 of the Law on the VAT.
To reflect reduction of the tax credit follows in that declaration on the VAT in which the tax credit was originally reflected. The sum of reduction is thus put down in line 16.2 with a sign -. The appendix Calculation of a korrektiyorovka of the sums of the VAT is attached to a dekyolaratsiya.
Example
The agricultural enterprise received under the contract of finanyosovy leasing the combine initial stoimostyu 433 474 UAH. The VAT included in structure of the naloyogovy credit, made 86 694,8 UAH. During term of operation of object on it amortization in the sum of 335 721 UAH was added. (77,45 % of initial cost).
Nesamortizirovanny part of cost kombajna – 22,55 %. From here the sum of the VAT which is falling on this part of cost and subject to an exception of the tax credit, will be equal 19 549,7 UAH. (86 694,8 x 22,55 %).
Debt to the lessor at the moment of combine return – 116 771 UAH., usual cost of the combine at the moment of its return – 120 000 UAH.
In accounting such operations are reflected as follows.
(On Balans-Agro newspaper materials).