Monitoring of the Federal Legislation dated 9.11.2005

Working-Time Calendar for the Year 2006

The working-time calendar provides the norm of working time per months, quarters and the year of 2006 on the whole for the cases of 40-hour, 36-hour and 24-hour working weeks, as well as the number of working days and days-off for the case of five-day working week with two days-off.

Order of the Ministry of Finance of the Russian Federation No. 123n of October 23, 2005 on the Endorsement of the Forms of Registers of Budget Accounting Records

Endorses the forms of registers of budget accounting records for the bodies of state power of the Russian Federation and the federal state institutions. Provides recommendations on their application. The Order applies also to institutions and organisations created by Russian academies of sciences with the state status.

Registers of budget accounting records are intended for systematisation and accumulation of information contained in initial accounting documents. The forms of registers of budget accounting records are uniform documents and contain the names of requisites and figures and their appropriate codes according to all-Russia classifiers necessary for automatic information processing. The formats of the registers are of recommended nature and may be changes if necessary.

According to the Statement of the Ministry of Justice of the Russian Federation No. 01/8025-VYa of October 19, 2005, the Order does not need the state registration.

Order of the Judicial Department of the Supreme Court of the Russian Federation No. 94 of August 23, 2005 on the Endorsement of the Forms of the Service Contract and the Labour Contract

Endorses the forms of the application, service contract and the labour contract for the service in the federal court of general jurisdiction, Judicial Department and the section of the judicial department of the subject of the Russian Federation.

Distributes the authority in conclusion of service contracts and labour contacts among officials of the judicial system.

The Order is entered into force simultaneously with the entry into force of the normative legal act on the endorsement of the Register of Positions of the Federal State Civil Service.

Letter of the Federal Tax Service No. MM-6-22/916@ of October 31, 2005 on the Notification of the Change of the Procedure of Payment of the Profit Tax from Organisations

From January 1, 2006, the taxpayer may abstain from distributing the profit for each separate division available on the territory of one subject of the Russian Federation, having chosen one separate division out of them to be used to pay the tax to the budget of this subject of the Russian Federation.

The taxpayer may also decide to pay the profit tax from organisations to the budget of the subject of the Russian Federation for all separate divisions registered for taxation purposes in the same subject of the Russian Federation. The taxpayer must notify of the taken decision the tax body at the place of location of the separate division in charge according to the form attached to the Letter. Besides, the taxpayer must notify the tax bodies at the place of location of the separate divisions where the profit tax will not be paid. The notifications shall be sent to the tax bodies at the place of registration of the separate divisions before the beginning of the subsequent tax period.

The declarations for the profit tax from organisations at the place of location of the separate divisions where the profit tax to the budget of the subject of the Russian Federation will not paid shall not be submitted.

Letter of the Central Bank of Russia No. 135-T of October 31, 2005 on the Application of the Norms of the Regulation of the Bank of Russia No. 255-P of March 29, 2004 on the Obligatory Reserves of Credit Organisations

Credit organisations may reduce their deductions to the Fund of Obligatory Reservation by the amount investments in the bonds of the Bank of Russia.

Letter of the Central Bank of Russia, Federal Treasury No. 134-T, No. 42-7.1-01/5.2-299 of October 28, 2005

From January 1, 2006, if the bodies of the Federal Treasury open accounts for the resources of the budgets of the subjects of the Russian Federation and local budgets, there is not need to submit to institutions of the Bank of Russia and credit organisations (branches) appropriate agreements concluded by the bodies of the Federal Treasury with the bodies of executive power of the subjects of the Russian Federation or the bodies of local government.