Full service leasing or operating leasing is a financial instrument which helps companies optimize their fleet costs, reduce investment in the purchase of new cars, and eliminate the risks of residual and repair costs during the car usage period.
Vehicles remain the property of the lessor for the duration of the lease period.
When using the full service leasing scheme, vehicles are not classified as fixed assets of the company and are not put on the balance. Your company reflects monthly rental payments in its operational expenses, thereby reducing the tax base for income tax. VAT on lease payments is fully refunded.