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In particular, Clause 292 of the Economic Code defines the term "leasing as an economic activity aimed at the investment according to the financial assets law that consists in leasing allotment according to the treaty by one part and leasing receiving by the second part for the certain term."

 

During the sitting it was declared that the amendments to the Civil code envisage that "according to the finance leasing treaty one part is obliged to transfer in to the possession of the other part thing that belongs to the leaser due to the legal basis and received by him without the previous agreements with lease receiver."

 

Pursuant to the amendments to the Law "On Finance Leasing" it should be implemented that the land areas and other nature objects, securities, property rights and other objects of the intellectual property are not be the lease subjects.

 

It is also envisaged to implement relevant amendments to the Laws "On Court Enforcement Action", "On Value Added Tax", "On Compulsory Pension Insurance Charge", "On Enterprise Income Taxation" and other normative legal acts.

 

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