Monitoring of the Federal Legislation dated 15.02.2006

Order of the Ministry of Education and Science of the Russian Federation No. 5 of January 18, 2006 on the Implementation of the Decision of the Government of the Russian Federation No. 854 of December 30, 2005

In execution of the Decision of the Government of the Russian Federation No. 854 of December 30, 2005 on the procedure of granting financial aid in 2006 to the budgets of the subjects of the Russian Federation in the form of subsidies to pay out remuneration for the form-master functions to pedagogical workers of state schools of general education of the subjects of the Russian Federation and municipal schools of general education, endorses the form of the agreement on the granting of the mentioned financial aid to the budget of the subject of the Russian Federation, as well as the form of the report of expenses of the budget of the subject of the Russian Federation to pay out the remuneration for the form-master functions to pedagogical workers of state schools of general education of the subject of the Russian Federation and municipal schools of general education.

Registered in the Ministry of Justice of the Russian Federation on February 7, 2006. Reg. No. 7468.

Letter of the Federal Tax Service No. MM-6-03/110@ of February 1, 2006

Explains the issues of application of the transient provisions of the Federal Law No. 119-FZ of July 22, 2005 envisaging the procedure of application of tax exemptions depending on the accounting policy used by the taxpayer for taxation purposes until January 1, 2006.

The moment of determination of the taxable base, as well as the procedure of accepting of tax amounts for exemption specified in Article 2 of the Federal Law No. 119-FZ, does not apply to operations of sale of commodities (works, services) subject to the 0% tax rate.

Tax exemptions for commodities (works, services) purchased on January 1, 2006 and used for production and sale of commodities (works, services), the sale of which is subject to the 0% tax rate, shall be made according to the procedure available before January 1, 2006.

The given procedure of application of tax exemptions shall apply to commodities (stocks) dispatched (placed under the export (moving of stocks) customs regime) (carried out works, rendered services) before January 1, 2006.