...

Leasing transactions volume up in Uzbekistan

Business Materials 23 February 2017 13:19 (UTC +04:00)
Leasing transactions volume up in Uzbekistan

Tashkent, Uzbekistan, Feb. 23

By Demir Azizov - Trend:

The total volume of leasing transactions increased by 5.7 percent to 973.1 billion soums (UZS) in Uzbekistan in 2016 compared to 2015, Uzbekistan Lessors Association told Trend.

The aggregate portfolio of lease deals in Uzbekistan increased by 14.5 percent to 2.59 trillion soums during the reporting period.

Uzbek lessors concluded 5,540 deals in 2016 versus 5,600 deals a year earlier.
Agricultural equipment still has the main share in the structure of leased property as of 2016.
Its share in the total structure of lease deals was 31.8 percent compared to 32.9 percent in 2015.

The volume of deals in leasing of technological equipment amounted to 31.7 percent (30.6 percent in 2015), motor vehicles – 18.9 percent (19.8 percent) and real estate – 17.6 percent (16.7 percent).

Some 90 lessors, including 24 banks and 64 leasing companies worked in the Uzbek leasing market in 2016.

The customs duties on import of modern technological equipment on lease terms were abolished in Uzbekistan. The leasing payments were exempt from VAT and lessees - from taxes on leased properties. The legal entities rendering leasing services were exempt from paying an income tax and a single tax payment.

Tags:
Latest

Latest