Large foreign IT companies were obliged to open branches in Russia

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Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 21.02.2003

Decision of the Government of the Russian Federation No. 116 of February 19, 2003 on the Amendments to the Decision of the Government of the Russian Federation No. 1358 of December 8, 1999

Sets forth that polyvinyl chloride not mixed with other substances and non-plasticised (codes according to the Foreign Trade Commodity Nomenclature of the Russian Federation 3904 10 000 0 and 3904 21 000 0) is exported from the territory of the Russian Federation outside the member-states of the Customs Union agreement duty free. Earlier, the duty rate amounted to 3% of the customs cost.
The Decision is entered into force one month after the day of its official publication.

Letter of the Ministry of Finance of the Russian Federation No. 16-00-13/01 of February 18, 2003 on the Composition of the Submitted Annual Accounting Reports

Organisations submit annual accounting reports to all users defined in the legislation, including the tax bodies at the place of registration of the organisation, in the following composition: forms adopted by organisations according to established procedure, explanatory note, as well as the audit statement confirming the validity of the accounting reports of the organisation if it is subject to obligatory audit checks in compliance with the federal legislation.

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