S.L. 601.5 Art. 54Value of leasing products, hire, rental or hire purchase.

With regard to supply contracts relating to leasing, hire, rental or hire purchase of products, the value to be taken as a basis for calculating the estimated contract value shall be as follows:

(a) in case of fixed-term contracts, if that term is less than or equal to twelve months, the total estimated value for the term of the contract;

(b) in case of fixed-term contracts, if that term is greater than twelve months, the total value including the estimated residual value;

(c) in the case of contracts without a fixed term or contracts with a term which cannot be defined, the monthly value multiplied by 48.