Monitoring of the Federal Legislation dated 16.07.2002

Order of the Ministry of Taxation of the Russian Federation No. BG-3-03/342 of July 4, 2002 on Article 145 of Part 2 of the Tax Code of the Russian Federation

Endorses the form of the notification of the use of the right of exemption from the taxpayer duties pertaining to calculation and payment of the value added tax. According to Article 145 of the Tax Code of the Russian Federation, the mentioned right emerges with organizations and independent entrepreneurs if the amount of receipts from the sale of commodities (works, services) without the VAT and the sales tax for the three preceding calendar months in a row was not greater than one million roubles in total.
Registered in the Ministry of Justice of the Russian Federation on July 15, 2002. Reg. No. 3573.

Order of the Government of the Russian Federation No. 954-r of July 11, 2002

Approves the concept of development of tourism in the Russian Federation for the period until 2005 aimed to provide for the legal, organizational and economic environment in the country necessary to form up-to-date tourist industry. The tourism in the concept is implied to be temporary trips of the citizens of the Russian Federation, foreign citizens and stateless persons from the permanent place of living for recreational, educational, business-and-professional, sports, religious and other purposes without engagement in paid activities in the country (place) of temporary stay.
The main goal of the development of tourism in the Russian Federation is recognized to be the creation of the up-to-date, high-efficiency and competitive tourist complex providing for broad opportunities to satisfy the demands of Russian and foreign citizens in various tourist services. The Order envisages an extensive list of measures to achieve this goal, in particular, introduction of financial responsibility for tourist operator activities, creation of favourable investment climate, improvement of visa policies and other.

Order of the Ministry of Natural Resources of the Russian Federation No. 115 of March 11, 2002 on the Endorsement of the Methodology Directions for the Development of the Draft Normatives for Waste Generation and Limits for Their Deployment

Institutes the uniform approach to the development of the draft normatives for waste generation and limits for their deployment. The endorsed methodology directions are designed for independent entrepreneurs and legal entities engaged in activities in waste handling. They do not apply to the handling of radioactive waste.
The Order provides the form of the draft normatives of waste generation and limits for their deployment worked out by independent entrepreneurs and legal entities.
Registered in the Ministry of Justice of the Russian Federation on July 9, 2002. Reg. No. 355

Direction of the Central Bank of Russia No. 1177-U of July 5, 2002 on the Amendments to the Instruction of the Bank of Russia No. 75-I of July 23, 1998 on the Procedure of Application of the Federal Laws Regulating the Procedure of Registration of Credit Organizations and Licensing of Banking Activities

The amendments are introduced pursuant to the entering into force from July 1, 2002 of the Federal Law on the state registration of legal entities and changing of the procedure of registration of credit organizations.
The Direction provides the new forms of the charter of the credit organization, amendments introduced in the constituent documents and other. Lists the reasons of the refusal of the Bank of Russia to agree for the purchase of more than 20% of shares (stocks) of a credit organization by the buyers being branches or dependent on each other. In particular, such reason may be the case when a court has established earlier the fault of the person buying the shares (stocks) of a credit organization incurring the losses on a credit organization.
The Direction is entered into force from the moment of publication in the Herald of the Bank of Russia.

Direction of the Central Bank of Russia No. 1176-U of July 5, 2002 on Business Plans of Credit Organizations

Defines the requirements to the content of the business plan of a credit organization and its submission to the Bank of Russia. The business plan is a document for the nearest two calendar years containing the suggested program of actions of the credit organization including the parameters (indicators) and expected results of activities. The business plan is submitted at the moment of creation of the credit organization, its extension by getting additional licenses for bank operations, changing of the type of the credit organization, as well as its reorganization.
The Direction is entered into force from the moment of publication in the Herald of the Bank of Russia.