{"id":867,"date":"2025-06-23T06:31:47","date_gmt":"2025-06-23T06:31:47","guid":{"rendered":"https:\/\/finskillbox.com\/?page_id=867"},"modified":"2025-08-02T12:10:07","modified_gmt":"2025-08-02T09:10:07","slug":"leasing-part-1","status":"publish","type":"page","link":"https:\/\/finskillbox.com\/en\/materials\/free-download\/leasing\/leasing-part-1\/","title":{"rendered":"Accouting and taxation of leasing contracts Part 1"},"content":{"rendered":"<div class=\"row align-center\"  id=\"row-1944530645\">\n\n\t<div id=\"col-1530675563\" class=\"col medium-8 small-12 large-8\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"gap-1177176126\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1177176126 {\n  padding-top: 50px;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1383018989\" class=\"text\">\n\t\t\n<h1>ACCOUNTING AND TAXATION OF LEASING CONTRACTS<\/h1>\nPART 1\n\t\t\n<style>\n#text-1383018989 {\n  font-size: 1.2rem;\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n<a href=\"https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/Leasing-Part-1.pdf\" target=\"_blank\" class=\"button primary is-outline\" rel=\"noopener\" style=\"border-radius:10px;\">\n\t\t<span>Download file<\/span>\n\t<\/a>\n\n\n\t<div id=\"text-4183784884\" class=\"text\">\n\t\t\n<p>Covaliov Georgeta,<\/p>\n<p>auditor, CIPA<br \/>\n\t\t\n<style>\n#text-4183784884 {\n  font-size: 1.2rem;\n  line-height: 0.75;\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-548743594\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"gap-64013242\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-64013242 {\n  padding-top: 50px;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1267015338\" class=\"text\">\n\t\t\n<p style=\"text-align: center;\"><strong><span style=\"color: #ed1c24;\">\n<h2 style=\"text-align: center;\"><span style=\"color: #ed1c24;\"><strong>LEGAL FRAMEWORK FOR REGULATING LEASING AND LEASING OPERATIONS<\/strong><\/span><\/h2>\n<p><strong>A<\/strong> <strong>leasing<\/strong> <strong>contract<\/strong> <strong>is<\/strong> an agreement by which one party assigns to the other the right to use the property for a certain time in exchange for consideration.<\/p>\n<p>In the Civil Code of the Republic of Moldova No.1107 of 06.06.2002,<\/p>\n<p>Chapter VIII Location<\/p>\n<p>Chapter IX \u2013 Lease<\/p>\n<p>Chapter X \u2013 Leasing<\/p>\n<p><strong>Article<\/strong> <strong>1251<\/strong> mentions that through the lease agreement, one party (lessor) undertakes to give to the other party (lessee) an individually determined property for temporary use or for temporary use and possession, and the latter undertakes to pay rent.<\/p>\n<p><strong>Art. 1252<\/strong> provides that the lease agreement of an immovable property must be drawn up in writing. The lease contract, according to art.1253, cannot be concluded for a term longer than 99 years.<\/p>\n<p>According to the provisions <strong>of art.1274<\/strong>, the lessor is obliged to carry out the capital repair of the rented property unless the law or the contract provides otherwise.<\/p>\n<p>The lessor may charge the lessee with the costs of the capital repair to the extent that the repair is necessary to repair the damage for which the lessee is liable according to <strong>art. 1269<\/strong>.<\/p>\n<p>In the case of a lease without a term, either party has the right to terminate the lease with a notice of 3 months for real estate and one month for movable property (<strong>art.1281<\/strong>).<\/p>\n\n\t\t\n<style>\n#text-1267015338 {\n  font-size: 1rem;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<p><!--nextpage--><\/p>\n<div class=\"row align-center\"  id=\"row-820654619\">\n\n\t<div id=\"col-644134376\" class=\"col medium-8 small-12 large-8\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"gap-1584297969\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-1584297969 {\n  padding-top: 50px;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-681278211\" class=\"text\">\n\t\t\n<h1>ACCOUNTING AND TAXATION OF LEASING CONTRACTS<\/h1>\nPART 1\n\t\t\n<style>\n#text-681278211 {\n  font-size: 1.2rem;\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n<a href=\"https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/Leasing-Part-1.pdf\" class=\"button primary is-outline\" style=\"border-radius:10px;\">\n\t\t<span>Download file<\/span>\n\t<\/a>\n\n\n\t<div id=\"text-4249888401\" class=\"text\">\n\t\t\n<p>Covaliov Georgeta,<\/p>\n<p>auditor, CIPA<br \/>\n\t\t\n<style>\n#text-4249888401 {\n  font-size: 1.2rem;\n  line-height: 0.75;\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-591200483\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<h2 style=\"text-align: center;\"><span style=\"color: #ed1c24;\"><strong>LEGAL FRAMEWORK FOR REGULATING LEASING AND LEASING OPERATIONS<\/strong><\/span><\/h2>\n<p><strong><u>Art.<\/u><\/strong><u> <strong>1285<\/strong><\/u>. The fate of the improvements of the leased property<\/p>\n<ol>\n<li>At the expiry of the term or upon termination of the lease, the lessee has the right to separate the improvements, made with the lessor&#8217;s permission, which can be separated without damaging the property or to demand compensation for their value by the lessor unless otherwise provided by law or<\/li>\n<li>The lessee has the right to separate improvements made without the lessor&#8217;s permission if they can be separated without damaging the property and if the lessor refuses to compensate for their If improvements made without the lessor&#8217;s permission cannot be separated without damaging the property, they become the property of the lessor.<\/li>\n<li>At the\u00a0 request of the lessor, the constructions not authorized by him are to be demolished by the lessee or on his behalf.<\/li>\n<\/ol>\n<p>By the lease agreement (<strong>art.1288<\/strong>), one party (lessor) undertakes to give to the other party (lessee) an agricultural land and\/or other agricultural goods in possession and use for a fixed period, and the latter undertakes to make the lease payment.<\/p>\n<p>(For the purposes of this chapter, agricultural property means fixed assets (land for agricultural use, including within the built-up area of localities, and of the reserve fund, machinery, machinery and installations intended for agricultural works, constructions, including hydrotechnical constructions, platforms and storage spaces intended for the preservation of agricultural production, with the land related to them, animals used in the agricultural process) and, as the case may be, circulating funds.<\/p>\n<p>The term of the lease, according to the provisions of <strong>art.1291<\/strong>, is established by the contracting parties, but will not be less than 1 year and more than 30 years. When leasing agricultural land for the purpose of planting multiannual plantations, the lease term will be at least 25 years, unless another term is provided in the contract.<\/p>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<p><!--nextpage--><\/p>\n<div class=\"row align-center\"  id=\"row-299468631\">\n\n\t<div id=\"col-378519326\" class=\"col medium-8 small-12 large-8\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"gap-624331688\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-624331688 {\n  padding-top: 50px;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1275644129\" class=\"text\">\n\t\t\n<h1>ACCOUNTING AND TAXATION OF LEASING CONTRACTS<\/h1>\nPART 1\n\t\t\n<style>\n#text-1275644129 {\n  font-size: 1.2rem;\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n<a href=\"https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/Leasing-Part-1.pdf\" class=\"button primary is-outline\" style=\"border-radius:10px;\">\n\t\t<span>Download file<\/span>\n\t<\/a>\n\n\n\t<div id=\"text-638809082\" class=\"text\">\n\t\t\n<p>Covaliov Georgeta,<\/p>\n<p>auditor, CIPA<br \/>\n\t\t\n<style>\n#text-638809082 {\n  font-size: 1.2rem;\n  line-height: 0.75;\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-341639281\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<h2 style=\"text-align: center;\"><span style=\"color: #ed1c24;\"><strong>LEGAL FRAMEWORK FOR REGULATING LEASING AND LEASING OPERATIONS<\/strong><\/span><\/h2>\n<p>According to the provisions of <strong>art.1293<\/strong>, the lease of agricultural land concluded for a term of more than 5 years must be noted in the register of real estate. If a tenant concludes lease contracts with several lessors, at the initiative of the local public administration authority, the receipt of applications for notation of the lease in the register of immovable property shall be made by the registrar of the territorial cadastral body on the territory of the locality.<\/p>\n<p>The lease of agricultural land concluded for a term of up to 5 years inclusive shall be registered at the town hall of the locality in whose territorial radius the land is located. The registration of the lease in accordance with this paragraph shall not produce the legal effects of the notation in the register of immovable property.<\/p>\n<p>The lessee, within 3 months from the date of conclusion of the lease contract, ensures the notation of the lease or, as the case may be, ensures the registration of the lease.<\/p>\n<p>The voluntary notation at the territorial cadastral body of the lease concluded for a term of up to 5 years exempts the tenant from the obligation to register it at the town hall.<\/p>\n<p><strong>Art.<\/strong> <strong>1294<\/strong> provides that the lease concluded for a term of up to and including 5 years shall<\/p>\n<p>be registered in the register of lease contracts kept by the town hall of the locality in whose territorial area the leased land and other agricultural goods are located. If the land and other agricultural goods leased are located on the territory of several localities, the lease shall be registered at the town hall of each of these localities.<\/p>\n<p>According to <strong>Article<\/strong> <strong>1300<\/strong>, the payment for the lease of agricultural land is established in monetary units, is made in kind, in money or in kind and in money or in another form, according to the agreement between the contracting parties, and is made within the term and in the place provided in the lease contract.<\/p>\n<p><strong>The<\/strong> <strong>payment<\/strong> <strong>in<\/strong> <strong>kind<\/strong> for the lease of agricultural land is established in a determined quantity of agricultural products or in a determined percentage of the volume of production. The products with which the rent is paid are established by the parties, depending on the specifics of the agricultural activity and the area.<\/p>\n<p>The terms and place of payment in kind for the lease of agricultural land, as well as the quality of the products are established by the parties to the contract, depending on the type of products and the specifics of obtaining them.<\/p>\n<p>The agricultural production released by the lessee on account of the payment for the lease of agricultural land is estimated at prices that do not exceed those in force on the local market for this production at the time of its release, unless otherwise provided in the contract.<\/p>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<p><!--nextpage--><\/p>\n<div class=\"row align-center\"  id=\"row-895188493\">\n\n\t<div id=\"col-1466795728\" class=\"col medium-8 small-12 large-8\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"gap-2126019379\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-2126019379 {\n  padding-top: 50px;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-1931367775\" class=\"text\">\n\t\t\n<h1>ACCOUNTING AND TAXATION OF LEASING CONTRACTS<\/h1>\nPART 1\n\t\t\n<style>\n#text-1931367775 {\n  font-size: 1.2rem;\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n<a href=\"https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/Leasing-Part-1.pdf\" class=\"button primary is-outline\" style=\"border-radius:10px;\">\n\t\t<span>Download file<\/span>\n\t<\/a>\n\n\n\t<div id=\"text-4103671385\" class=\"text\">\n\t\t\n<p>Covaliov Georgeta,<\/p>\n<p>auditor, CIPA<br \/>\n\t\t\n<style>\n#text-4103671385 {\n  font-size: 1.2rem;\n  line-height: 0.75;\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1104809619\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<h2 style=\"text-align: center;\"><span style=\"color: #ed1c24;\"><strong>LEGAL FRAMEWORK FOR REGULATING LEASING AND LEASING OPERATIONS<\/strong><\/span><\/h2>\n<p><strong>Art.<\/strong> <strong>1309<\/strong> How to calculate the payment for the rent of agricultural goods, other than land The method of calculating the amount of payment for the lease of agricultural goods, other than land, is established by the Government, depending on the degree of wear and tear of the goods.<\/p>\n<p>When leasing agricultural goods, other than land, the lessee is obliged to calculate their wear and tear and reflect it in his off-balance sheet account.<\/p>\n<p>For\u00a0 the\u00a0 purposes\u00a0 of\u00a0 this\u00a0 section,\u00a0 wear\u00a0 and tear of agricultural\u00a0\u00a0\u00a0\u00a0 property means the reduction in the value of agricultural property, other than land, through its long-term use.<\/p>\n<p><strong>Art.<\/strong> <strong>1310<\/strong> How to pay the rent<\/p>\n<p>The method of payment for the lease of agricultural goods, other than land, is established by agreement of the contracting parties. The payment is paid annually or is accumulated in the lessee&#8217;s balance sheet account.<\/p>\n<p>If the rent payment accumulates in the lessee&#8217;s balance sheet account, the lessee, with the lessor&#8217;s consent, carries out the capital repair, reconstruction or renovation of the leased agricultural assets, other than land, and procures new assets.<\/p>\n<p><strong>Art.<\/strong> <strong>1312<\/strong> Capital reparation<\/p>\n<p>The lessor is obliged to carry out the capital repair of the leased agricultural goods, other than the land, unless otherwise stipulated in the contract.<\/p>\n<p>Failure by the lessor to comply with the obligation provided for in para. (1) grants the lessee the right to carry out the capital repair on his own account and to pass the expenses incurred on account of the payment for the lease of agricultural goods.<\/p>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>\n<p><!--nextpage--><\/p>\n<div class=\"row align-center\"  id=\"row-1209705259\">\n\n\t<div id=\"col-1958155922\" class=\"col medium-8 small-12 large-8\"  >\n\t\t\t\t<div class=\"col-inner text-center\"  >\n\t\t\t\n\t\t\t\n\t<div id=\"gap-443247779\" class=\"gap-element clearfix\" style=\"display:block; height:auto;\">\n\t\t\n<style>\n#gap-443247779 {\n  padding-top: 50px;\n}\n<\/style>\n\t<\/div>\n\t\n\t<div id=\"text-2751199980\" class=\"text\">\n\t\t\n<h1>ACCOUNTING AND TAXATION OF LEASING CONTRACTS<\/h1>\nPART 1\n\t\t\n<style>\n#text-2751199980 {\n  font-size: 1.2rem;\n  text-align: center;\n}\n<\/style>\n\t<\/div>\n\t\n\n<a href=\"https:\/\/finskillbox.com\/wp-content\/uploads\/2025\/06\/Leasing-Part-1.pdf\" class=\"button primary is-outline\" style=\"border-radius:10px;\">\n\t\t<span>Download file<\/span>\n\t<\/a>\n\n\n\t<div id=\"text-590811142\" class=\"text\">\n\t\t\n<p>Covaliov Georgeta,<\/p>\n<p>auditor, CIPA<br \/>\n\t\t\n<style>\n#text-590811142 {\n  font-size: 1.2rem;\n  line-height: 0.75;\n  text-align: right;\n}\n<\/style>\n\t<\/div>\n\t\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-2110540193\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<h2 style=\"text-align: center;\"><span style=\"color: #ed1c24;\"><strong>LEGAL FRAMEWORK FOR REGULATING LEASING AND LEASING OPERATIONS<\/strong><\/span><\/h2>\n<p><strong>Art.<\/strong> <strong>1314<\/strong> Leasing contract<\/p>\n<ol>\n<li>Through the <span style=\"color: #ed1c24;\">leasing contract<\/span>, one party (lessor) undertakes to ensure to the other party (lessee), within an agreed term exceeding 1 year (the leasing term), the possession and use of an asset purchased by the lessor, as well as to grant the lessee the option to acquire ownership of the asset, to extend the leasing term or to return the asset at the end of the leasing term, and the lessee undertakes to make the agreed periodic payments (leasing installments).<\/li>\n<li>The leasing rate represents the periodic payment composed of a share of the entry value of the asset and the leasing interest.<\/li>\n<li>The entry value of the asset is composed of the cost at which the asset was purchased by the lessor, including the duties and taxes provided for by law (except for those that, according to the law, are to be returned to the lessor), as well as, as the case may be, any other expenses covered by the lessor related to the purchase, delivery and commissioning of the asset provided for in the leasing<\/li>\n<li>The residual value represents the amount, in addition to the leasing installments, which, if expressly stipulated in the leasing contract, must be paid by the lessee for the benefit of the lessor in case of exercising the option to acquire the<\/li>\n<li>The total value represents the sum of all payments scheduled to be made by the lessee for the benefit of the lessor according to the leasing contract, including all leasing installments, advances, commissions provided by the leasing contract for the lessee, to which is added, if expressly stipulated, the residual value.<\/li>\n<\/ol>\n<p>According to <strong>art.1317<\/strong>, the leasing contract must contain:<\/p>\n<ol>\n<li>the entry value of the property;<\/li>\n<li>the total value;<\/li>\n<li>leasing interest;<\/li>\n<li>the lease term;<\/li>\n<li>the size of the leasing installments and their maturity.<\/li>\n<\/ol>\n<p><strong>Art.<\/strong> <strong>1323<\/strong> Bearing the risk and costs<\/p>\n<p>The risk of loss (including loss or theft) or damage to the property, regardless of whether it occurred through the act of a third party or in other circumstances, passes to the lessee when he takes possession or should have taken possession of the property.<\/p>\n<p>After the risk has passed to the lessee, the lessee may not invoke the deprivation of use of the asset or its disturbance, including due to its loss, theft, loss or damage, in order to suspend the performance of its obligations towards the lessor, to reduce them or to resort to the termination of the lease. The provisions of art. 1322 para. (3) shall remain applicable.<\/p>\n<p>The risk of loss (including loss or theft) or damage to the property, regardless of whether it occurred through the act of a third party or in other circumstances, passes to the lessee when he takes possession or should have taken possession of the property.<\/p>\n<p>After the risk has passed to the lessee, the lessee may not invoke the deprivation of use of the asset or its disturbance, including due to its loss, theft, loss or damage, in order to suspend the performance of its obligations towards the lessor, to reduce them or to resort to the termination of the lease. The provisions of art. 1322 para. (3) shall remain applicable.<\/p>\n<p>The extinction of the lessor&#8217;s obligation to ensure the possession and use of the asset as a result of the impossibility of execution does not entail the extinguishment of the lessee&#8217;s correlative obligation to pay the leasing installments, unless the impossibility is caused by a legal defect of the asset that was chosen by the lessor.<\/p>\n<p>The lessee is obliged to bear the expenses of maintenance and capital and current repair of the property.<\/p>\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":930,"parent":228,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-867","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/finskillbox.com\/en\/wp-json\/wp\/v2\/pages\/867","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finskillbox.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/finskillbox.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/finskillbox.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finskillbox.com\/en\/wp-json\/wp\/v2\/comments?post=867"}],"version-history":[{"count":36,"href":"https:\/\/finskillbox.com\/en\/wp-json\/wp\/v2\/pages\/867\/revisions"}],"predecessor-version":[{"id":1334,"href":"https:\/\/finskillbox.com\/en\/wp-json\/wp\/v2\/pages\/867\/revisions\/1334"}],"up":[{"embeddable":true,"href":"https:\/\/finskillbox.com\/en\/wp-json\/wp\/v2\/pages\/228"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finskillbox.com\/en\/wp-json\/wp\/v2\/media\/930"}],"wp:attachment":[{"href":"https:\/\/finskillbox.com\/en\/wp-json\/wp\/v2\/media?parent=867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}