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The mechanism for fulfilling tax obligations in lease relationships has been improved
The mechanism for fulfilling tax obligations in lease relationships has been improved
In order to improve tax administration, one of the significant changes made to the Tax Code is related to the enhancement of the mechanism for fulfilling tax obligations in lease relationships.
As in many other sectors, there is an observed expansion of the use of information technologies and the emergence of new market participants in the field of leasing and renting, driven by the demands of modern times. In this regard, based on requests from individuals performing intermediary functions in the rental market, the mechanism for fulfilling tax obligations during property leasing between non-taxpayer individuals has been simplified through coordinating platforms. According to the changes in the Tax Code, the responsibility for paying taxes and submitting declarations will be carried out by these platforms, i.e., tax agents.
These changes will have a positive impact on the development of coordinating platforms in rental services, the legalization of transactions in the leasing sector, and the fulfillment of tax obligations in this area.
In order to improve tax administration, one of the significant changes made to the Tax Code is related to the enhancement of the mechanism for fulfilling tax obligations in lease relationships.
As in many other sectors, there is an observed expansion of the use of information technologies and the emergence of new market participants in the field of leasing and renting, driven by the demands of modern times. In this regard, based on requests from individuals performing intermediary functions in the rental market, the mechanism for fulfilling tax obligations during property leasing between non-taxpayer individuals has been simplified through coordinating platforms. According to the changes in the Tax Code, the responsibility for paying taxes and submitting declarations will be carried out by these platforms, i.e., tax agents.
These changes will have a positive impact on the development of coordinating platforms in rental services, the legalization of transactions in the leasing sector, and the fulfillment of tax obligations in this area.