Leasing changes for 2022

The provisions contained in the Polish Ład, which is to enter into force at the beginning of 2022, will eliminate the possibility of a profitable private buyout from leasing. All because of a significant extension of the period after which a purchased car, e.g. a car, will be sold tax-free – specifically, a tax-free sale will not be possible after six months from the buyout from leasing.

The existing regulations allowed to exclude from revenues amounts obtained from the sale of assets after six months from the buyout, after the end of the lease agreement. Pursuant to the Act, this period will be significantly extended. Thus, sales without income tax after redemption from leasing will be possible only after 5 years from the end of the contract. The second of the changes will be the one concerning VAT. So far, in the case of sale, the entrepreneur has paid VAT on the value of the buyout installment, which often amounted to, for example, 1% of the value of the subject of the contract. After the new regulations enter into force, they will have to pay VAT on the market value of, for example, a car.

It is worth emphasizing that the provisions are also to apply to contracts already concluded, which will end after January 1st, 2022.