Operating Leasing
Interior furnishings and special office furniture are, along with computer technology, a means of production for administrative work the same as machines are in a production environment and means of transport are for logistics activities etc.
In the business world the philosophy is gaining strength that know-how and customers are the most important assets and source of income of a company. The role of other assets of a tangible nature (buildings, machines, equipment, vehicles etc.) are receding in importance. For this reason it is becoming ever more common for companies not to own these assets but to lease them.
Techo, as a leading firm in the Czech Republic in the area of the supply of comprehensive interior solutions and a firm that intends to stay in the forefront of providing innovative services, offers its clients the option of operating leasing.
Operating leasing is a form of leasing whereby the lessor is the owner of the subject of leasing for the whole period of the lease and after termination of the lease. Costs associated with maintaining the subject of lease in a condition that permits its use (repair and maintenance, insurance etc.) are paid by the lessor.
From the tax perspective operating leasing is very attractive for the lessee as the entire leasing instalment can be recorded as a cost from the perspective of the Income Tax Act. Operating leasing is also attractive from an administrative perspective as no extra costs are incurred for administration connected with care of the furniture, its recording etc.
Please contact us for further information.