Monitoring of the Federal Legislation dated 23.07.2002

Order of the Ministry of Taxation of the Russian Federation No. BG-3-03/338 of July 3, 2002 on the Endorsement of the Forms of Declarations for the Value Added Tax

The new forms of declarations for the value added tax take account of the changes introduced in the Tax Code of the Russian Federation by the Federal Law No. 57-FZ of May 29, 2002. The new form of the declaration has the new VAT estimate rate and some new appendices.
Registered in the Ministry of Justice of the Russian Federation on July 19, 2002. Reg. No. 3597.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-05/344 of July 5, 2002 on the Endorsement of the Methodology Recommendations for the Procedure of Calculation and Payment of the Uniform Social Tax

The new Methodology Recommendations take account of the changes introduced in the Tax Code of the Russian Federation by the Federal Law No. 57-FZ of May 29, 2002, as well as the changes pertaining to the adoption of the Federal Law No. 167-FZ of December 15, 2001 on the obligatory pension insurance in the Russian Federation.

Decision of the Government of the Russian Federation No. 543 of July 19, 2002 on the Endorsement of the Regulation on the Restructuring of the Debt of the Budgets of the Subjects of the Russian Federation and Credit Organizations to the Federal Budget

Defines the procedure and terms of restructuring of the debt of organizations of the agroindustrial complex, consumer cooperatives and organizations engaged in deliveries (storage and sale) of products (commodities) to the regions of the Far North and similar localities under centralized credits granted in 1992-1994 and accrued interest for them, as well as interest for the servicing of this debt, that has been converted into the state internal debt of the Russian Federation.
The restructuring applies to the debt accrued as of January 1, 2002 as a result of inventory taking of objects of registration to be recorded in the balance report of execution of the federal budget for the year 2001.
The restructuring is carried out by reducing it by the amount of accrued and unpaid interest as of January 1, 2002 for the servicing of the state internal debt of the Russian Federation under the centralized credits, as well as by the amount of the debt under the centralized credits that does not have the sources of redemption because of the liquidation of organizations.
Accrual of interest for the servicing of the state internal debt of the Russian Federation under the centralized credits is stopped from January 1, 2002.

Decision of the Government of the Russian Federation No. 541 of July 19, 2002 on the Amendments to the Procedure of Granting Leaves to Employees Having Adopted a Child and to the Regulation on the Social Insurance Fund of the Russian Federation

To get the child-care leave, the employee having adopted the child submits application at the place of work indicating the length of the leave (while presenting the decision or a copy of the decision of the court on the adoption of the child). The application is submitted together with the copy of the certificate of birth of the child (children).
If the child (children) has been adopted by both of the spouses, the employee submits in addition the certificate from the place of work (service, study) of the spouse stating that the mentioned leave has not been granted to him or that the spouse is not being in the maternity leave.

Order of the Ministry of Finance of the Russian Federation No. 51n of June 11, 2002 on the Endorsement of the Rules of Building of Insurance Reserves for Other Than Life Insurance

Sets forth the composition and procedure of building of insurance reserves (estimate (assessment) of the amount of insurance reserves being the assessment of insurer obligations to ensure forthcoming insurance payments expressed in the monetary form) under insurance, coinsurance and reinsurance contracts for other than life insurance.
Insurers before December 31, 2002 must bring regulations on the building of insurance reserves for other than life insurance in compliance with the endorsed Rules. Estimation of insurance reserves according to the new Rules must be arranged beginning with January 1, 2003.
The Rules do not apply to medical insurance organizations in operations of obligatory medical insurance.
Registered in the Ministry of Justice of the Russian Federation on July 16, 2002. Reg. No. 3584