Monitoring of the Federal Legislation dated 6.02.2003

Direction of the Central Bank of Russia No. 1243-U of January 24, 2003 on the Invalidation of Individual Normative Acts of the Bank of Russia

Invalidates the Direction of the Central Bank of Russia No. 510-U of March 11, 1999 on the procedure of gold purchase operations on advance payment terms carried out by the Bank of Russia with amendments.
The Direction is entered into force 10 days after the day of its official publication in the Herald of the Bank of Russia. The text of the Direction is published in the Herald of the Bank of Russia on January 29, 2003, No. 6.

Letter of the Ministry of Taxation of the Russian Federation No. NA-6-21/115@ of January 27, 2003 on the Payment for the Pollution of the Natural Environment

The Letter is issued pursuant to the Ruling of the Constitutional Court of the Russian Federation No. 284-O of December 10, 2002 preserving the previous procedure of collection of payments for the pollution of the natural environment and other types of negative intervention in it before the entry into force of the new procedure. Thus, both before the adoption of the mentioned Ruling and after it, the payment for the pollution of the natural environment is not returned by the tax bodies on the basis of Decisions of the Supreme Court of the Russian Federation.

Letter of the Central Bank of Russia No. 17-44/1 of January 4, 2003 on the Money Transfers to Orders of Natural Persons without the Opening of the Bank Accounts

Explains that money transfers to orders of natural persons without opening bank accounts are qualified as cashless payments. The given explanation is of importance in whether the object of taxation for the sales tax emerges in the mentioned method of payments of natural persons for the commodities (works, services) sold to them.