Monitoring of the Federal Legislation dated 7.02.2005

Order of the Ministry of Finance of the Russian Federation No. 3n of January 20, 2005 on the Stamping of Marks by the Tax Bodies on Invoices and Applications for the Import of Commodities and Payment of Indirect Taxes

Introduces uniform rules of stamping of marks by the tax bodies on invoices drawn up by the Russian sellers of commodities for the Belarus buyers when exporting the commodities to the Republic of Belarus. The marks must be entered no later than within 5 working days from the date of submission of the necessary documents to the tax body by putting the stamp "Registered" on each invoice indicating the date of the registration and the registration number certified with the signature of the official of the tax body having entered the mark.

Also endorses the procedure of entry of marks by the tax bodies on the applications submitted by taxpayers for the import of commodities and payment of indirect taxes confirming the payment of indirect taxes in full amount (available exemptions for the commodities in compliance with the legislation of the Russian Federation when imported to the Russian Federation).

The Order applies to legal relations emerging from January 1, 2005.

The Order is sent for registration to the Ministry of Justice of the Russian Federation.

Letter of the Central Bank of Russia No. 17-T of January 26, 2005 on the Enhancing of Control over Operations with Monetary Resources in Cash

Provides a sample scheme and specific signs of operations of getting of monetary resources in cash from the account (deposit) permitting to suggest legalisation (laundering) of incomes obtained in a criminal way or financing of terrorism. The final goal of such operations is getting large amounts of cash in roubles or foreign currencies by natural persons (residents and non-residents) from their accounts opened in the Russian credit organisations.

Such operations are qualified as increased-risk operations and credit organisations must pay special attention to them. When the mentioned operations are suspected to be committed for the purpose of legalisation (laundering) of incomes obtained in a criminal way or financing of terrorism, credit organisations shall take the decision to send information on them to the authorised body.

Letter of the Ministry of Finance of the Russian Federation No. 03-02-07/2-4 of January 14, 2005

Lists information to be presented by the tax bodies on the obligatory basis to taxpayers free of charge regardless of the form and methods of its submission. The tax bodies must inform free of charge (also in writing) the taxpayers of the available taxes and fees, legislation on taxes and fees and adopted in pursuance of it normative legal acts, procedure of calculation and payment of taxes and fees, rights and duties of taxpayers, authority of the tax bodies and their officials, as well as explain the procedure of filling of the tax reports.