The CIAT Executive Secretariat invites you to download and read chapter “3.13 Leasing Operations” of the Manual for the Control of International Tax Planning, written by the Canada Revenue Agency.

The objective of this chapter is to provide an overview of leasing including; the definition, commercial considerations, the design and structure of leasing agreements and their classification for tax purposes. Additionally, examples of common leasing transactions are presented, followed by the tax implications of a leasing transaction. Finally, some common risky behaviors related to leasing operations are presented, based on experiences of CIAT member countries.

This is chapter 32 published within the framework of the “Manual for the Control of International Tax Planning”, available in English and Spanish. The complete Manual has six sections made up of 42 chapters. New chapters will be published soon.