Leasing: A Credit Transaction that Entrepreneur Should ConsiderLeasing Agreement • December 7th, 2009
In doing business, capital is one of the most important factors. Capital shortages will result in disruption of the business. If most businesses in any country face this problem, the economy of that country will become weak and its national security will be at stake. leasing is one option that should be considered. When entrepreneurs lack capital to purchase operation assets, they can acquire them through the use of leasing for as long as they wish. Moreover, using leasing gives them a lot of advantages over other credit transactions, e.g., outdated technology can be avoided, collaterals and down payments are not required.
LeasingLeasing Agreement • July 14th, 2024
This paper seeks to analyze Leasing based on international principles of law such as Common law, Civil law and UNIDROIT Convention on International Financial Leasing 1988. This paper also analyses and compares these international principles with the Thai Law of Leasing based on the Revenue Department’s Declaration number 53 about the Law Governing Turnover Tax. This Declaration covers Leasing principles, methods, conditions, and lease periods. The Declaration also deals with the calculation of value of certain leased properties based on both the Fiscal Code and the conditions laid out in the Ministry of Finance’s Declaration on the Governing to permit capital companies to execute leasing contracts. Finally the Revenue Department’s Declaration covers a Bill regarding Leasing which consists of Leasing principles, contract formation requirements, contractual formalities, qualifications of the parties to a contract, types of property of contract, duties and liabilities of parties, and term