Monitoring of the Federal Legislation dated 24.10.2001

Letter of the Ministry of Taxes and Revenues of the Russian Federation No. 05-1-05/1354-Yu705 of September 19, 2001 on the Uniform Social Tax (Contribution)

Payments and remuneration to employees are not considered to be the object of taxation if they are made out of resources left over at the disposal of the organization after paying the income tax. An exception may be the case when the head of the enterprise indicates especially as the source the profit (of a particular year) left over at the disposal of the enterprise for a certain amount of expenses. In this case, the qualifying of the given amounts as spending the profit left over at the disposal of the enterprise after paying the profit tax is possible only in those reporting periods (for the uniform social tax) when the profit for the current year has been formed in the enterprise records already and the profit tax for it has been paid.

Letter of the Ministry of Finance of the Russian Federation No. 14-04-06/29 of September 14, 2001 on the Procedure of Application of the Order of the Ministry of Finance of the Russian Federation No. 49n of July 6, 2001 on the Changes in the Norms of Reimbursement of the Traveling Expenses on the Territory of the Russian Federation

Explains that before the entering into force from January 1, 2002 of the new norms of reimbursement of the traveling expenses on the territory of the Russian Federation, the ones being in effect are the norms specified in the Order of the Ministry of Finance of the Russian Federation No. 57n of August 13, 1999 on the changes in the norms of reimbursement of the traveling expenses on the territory of the Russian Federation.

Letter of the Ministry of Finance of the Russian Federation No. 16-00-12/15 of August 23, 2001 on the Application of PBU 14/01 "Registration of Non-Material Assets"

Explains that in case of a collision of the norms of the Regulation on the accounting work and accounting reports in the Russian Federation endorsed by the Order of the Ministry of Finance of the Russian Federation No. 34n of July 29, 1998 and the PBU 14/2000 endorsed by the Order of the Ministry of Finance of the Russian Federation No. 91n of October 16, 2000, one should be guided by the norms of the PBU.