Windfall tax for major companies to be introduced in Russia

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Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 6.02.2002

Order of the Ministry of Taxes and Fees of the Russian Federation No. BG-3-03/3 of January 4, 2002 On the Approval of Form of Excise Tax Declaration

With the objective to implement the provisions of Chapter 22 "Excise Taxes" (with due regard for changes and amendments) of the Tax Code of the Russian Federation, it approved a form of declaration on excise taxes. The Instructions on the filling in of new forms of excise tax declarations are to be approved by a separate document.
Registered with the Ministry of Justice of the Russian Federation in January 30, 2002. Registration No. 3203.

Order of the State Customs Committee of the Russian Federation No. 1154 of December 5, 2001 On Places of Customs Clearance of Goods of Individual Categories in St.Petersburg and the Leningrad Region

It enumerates places of customs clearance of individual goods (chip wood boards and fiber boards, woodwork, furniture as seats, medical furniture. etc.) imported into the customs territory of the Russian Federation by truck to the address of consignees based in St.Petersburg and the Leningrad region. Fees for customs clearance of the said goods shall be charged at a one-fold rate. It lists goods which are not subject to the provisions of the order.
Registered with the Ministry of Justice of the Russian Federation in January 31, 2002. Registration No. 3219.

Letter of the Social Insurance Fund of the Russian Federation No. 02-18/05-433 of January 21, 2002 On the Changes In the Procedure of Social Insurance as from January 1, 2002

As from January 1, 2002 amounts of the single tax on imputed income paid by organizations and individual businessmen shall not be entered in the state extra-budgetary funds, including the Social Insurance Fund of the Russian Federation. However, beginning from the said date, the payers of the given tax shall charge the single social tax on payments in favor of citizens working under labour contracts. A portion of amounts of the Single Social Tax shall be entered in the Social Insurance Fund of the Russian Federation. The spending of assets of the state social insurance shall be made in accordance with the procedure established by the Instructions on the procedure of spending assets of the Social Insurance Fund of the Russian Federation.
It also states that the accounting period in respect of the single social tax now coincides with the period of submission of reports on the assets of the state social insurance.

Letter of the Ministry of Taxes and Fees of the Russian Federation No. VB-6-21/79 of January 24, 2002 On the Introduction of Changes and Amendments to Part Two of the Tax Code of the Russian Federation

For purposes of realization of provisions of Chapter 26.1 of the Tax Code of the Russian Federation which introduced the single agricultural tax, it clarifies a procedure for interaction of legislative (representative) bodies of authority of the subjects of the Russian Federation and taxation bodies in the submission of data on the aggregate amount of taxes and fees assessed by all agricultural commodity producers of the region for the preceding calendar year.

Letter of the State Customs Committee of the Russian Federation and the Ministry of Taxes and Fees of the Russian Federation Nos. 01-06/1987, AC-6-06/51@ On Selective Issues of Application of Order of the State Customs Committee of Russia and the Ministry of Taxes and Fees of Russia No. 830/BG-3-06/299 of August 21, 2001 and Letter of the State Customs Committee of Russia and the Ministry of Taxes and Fees of Russia No. 01-06/45626/AC-6-06/868@ of November 15,2001

It explains a procedure for the interaction of taxation and customs bodies in the exercise of control over the compensation of the value added tax in respect of goods placed under the customs regime of export as well as control over the export of those goods. It specifies that the joint order shall apply to goods placed under the customs regime of export, provided their owner is an organization or an individual businessman.

Letter of the Ministry of Finance of the Russian Federation No. 16-00-14/573 of December 27, 2001 On the Accounting of the Fixed Assets

In showing the receipt and movement of property considered as part of the fixed assets which was withdrawn from the category of low-valued and rapidly wearing-out items, it is allowed to use unified forms N MB-2, MB-4, MB-7, MB-8.
It is also allowed to write off objects of the fixed assets worth up to Rbl. 10 000(say ten thousand Rubles) per unit for purposes of accounting towards production costs as they are released for production or operation.

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