Monitoring of the Federal Legislation dated 6.08.2007

Letter of the Federal Service of Enforcement in the Sphere of Protection of Consumer Rights and Human Well-Being No. 0100/7062-07-32 of July 12, 2007 on the Optimisation of the Practice of Application of the Code of Administrative Violations of the Russian Federation in the Course of Administrative Investigation in Cases of Protection of Consumer Rights in the Sphere of Consumer Crediting

To improve the efficiency of work of the bodies of the Federal Service of Enforcement in the Sphere of Protection of Consumer Rights and Human Well-Being processing the appeals of citizens against violation of consumer rights in the sphere of consumer crediting, prepares recommendations on the issues of application of the provisions of the Code of Administrative Violations of the Russian Federation in the course of administrative investigation of cases of protection of consumer rights in the sphere of consumer crediting.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-07-05/46 of July 26, 2007

Explains individual issues of application of the value added tax by the banks for the services pertaining to credits granted to bank clients.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-11-05/171 of July 25, 2007

According to the Tax Code of the Russian Federation, the uniform imputed income tax may apply also in cases of rendering of transport services of cargo and passenger transportation provided by organisations and independent entrepreneurs possessing on the proprietary basis or otherwise (right of use, possession and/or disposal) not more than 20 transport vehicles intended for such services.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-03-06/1/522 of July 25, 2007

Provides explanations on the issue of application of the uniform imputed income tax for activities of warranty repair works for transport vehicles.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-03-06/2/139 of July 25, 2007

Explains the procedure of registration for the purposes of calculation of the profit tax of expenses of purchase by the organisation of the restricted, non-exclusive and non-transferable right of use of the automatic bank system for an undefined period of time.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-03-06/1/526 of July 25, 2007

Explains the procedure of registration for the purpose of the profit tax of expenses of the borrower organisation pertaining to the opening of the credit line to it (expenses to pay out the interest for the free (unused) balance residue).