Monitoring of the Federal Legislation dated 18.11.2005

Federal Law No. 145-FZ of November 16, 2005 on the Amendment to Article 2 of the Federal Law on the Combating Legalisation (Laundering) of Incomes Obtained in a Criminal Way and Financing of Terrorism

The Federal Law on the combating of legalisation (laundering) of incomes obtained in a criminal way and financing of terrorism shall apply to all categories of natural persons present on the territory of the Russian Federation. Before introduction of the changes, the norms of the law did not apply to stateless persons living or staying temporarily on the territory of the Russian Federation.

Decision of the Government of the Russian Federation No. 680 of November 14, 2005 on the Interim Rates of Import Customs Duties for Individual Types of Technological Equipment for Wood-Processing Industry

Introduces for 9 months a uniform import customs duty in the amount of 0% of the customs cost for individual types of technological equipment for wood-processing industry (codes according to the Foreign Trade Commodity Nomenclature 8479 30 100 1 and 8479 30 100 1). Earlier, presses for making fibre board of medium density (MDF) with production capacity of 50 cu. m of finished product per hour were imported duty free, other - at the rate of 5% of the customs cost.

The Decision is entered into force one month after the day of its official publication.

Order of the Ministry of Public Health and Social Development of the Russian Federation No. 623 of October 7, 2005 on the Amendments to the Order of the Ministry of Public Health and Social Development of Russia No. 328 of December 29, 2004 on the Endorsement of the Procedure for Granting a Set of Social Services to Individual Categories of Citizens

The citizens having refused to get the set of social services (social service) for the following year may revoke their applications until October 1 of the current year.

The Order changes the procedure of handing out of prescriptions to citizens from other localities. Specifies the duty for the mentioned citizens to present an excerpt form the patient history indicating the insurance number of the personal account. The registers of prescriptions for medicines sold to citizens from other localities shall be submitted for repayment with the mark "non-residents" in the upper right corner.

Registered in the Ministry of Justice of the Russian Federation on November 14, 2005. Reg. No. 7163.

Letter of the Ministry of Finance of the Russian Federation No. 03-03-02/118 of October 26, 2005 on the Taxation of Securities in Foreign Currencies

Pursuant to introduction of changes to Part 2 of the Tax Code of the Russian Federation and some other legislative acts on taxes and fees envisaging that the current reassessment of securities in foreign currencies because of the change of the rates of foreign currencies according to the Central Bank of Russia shall not be done, prepares explanations on the procedure for determination of the taxable base for operations with securities unsold as of the date of entry into force of the given changes (July 15, 2005).

For securities sold before July 15, 2005, the taxable base shall not be recalculated. For securities unsold as of July 15, 2005, the taxable base shall not be recalculated either for the profit tax pertaining to payments of the interest (coupon) incomes from issuer made before this date that were earlier included in the taxable base for the profit tax.

Explains individual issues of reassessment of own debt securities of the organisation, particulars of application of the adopted provisions of the accounting policy, procedure of registration of expenses pertaining to purchase and sale of the security (including its cost), registration of interest (coupon) income due for the bonds, as well as other issues.