Monitoring of the Federal Legislation dated 1.04.2003

Decree of the President of the Russian Federation No. 370 of March 26, 2003 on the Amendments to and Invalidation of Some of the Acts of the President of the Russian Federation

Pursuant to the adoption of the Federal Law No. 178-FZ of December 21, 2001 on the privatisation of the state and municipal property, amends the Decree of the President of the Russian Federation No. 1535 of July 22, 1994 endorsing the main provisions of the state program of privatisation of state and municipal enterprises in the Russian Federation after July 1, 1994.
Invalidates a number of the acts of the President of the Russian Federation, in particular, Decree No. 301 of March 25, 1992 on the selling of land plots to citizens and legal entities during privatisation of state and municipal enterprises and No. 1229 of October 14, 1992 on the development of the system of privatisation cheques in the Russian Federation.
The Decree is entered into force from the day of its official publication.

Letter of the Ministry of Taxation of the Russian Federation No. SA-6-22/322@ of March 21, 2003 on the Application of Item 2 of Article 346.32 of the Tax Code of the Russian Federation

Explains the procedure of calculation and payment of the amounts of the uniform imputed income tax by organisations incorporating separate divisions without the separate balance and clearing account engaged at the place of location of such divisions in entrepreneurial activities subject to the uniform imputed income tax.
The grounds for inclusion in the tax declaration of information on insurance contributions for obligatory pension insurance calculated and paid for the separate division is the estimate drawn up in free from, as well as the copies of payment documents, certified by the tax body at the place of registration (place of location) of the taxpayer.

Information Letter of the Central Bank of Russia No. 22 of March 11, 2003

Explains some issues of application of the Regulation of the Bank of Russia No. 142-P of July 5, 2001 defining the procedure of carrying out by resident legal entities of currency operations pertaining to direct investments in the countries of the Commonwealth of Independent States, as well as some other issues of application of the currency legislation.
In particular, if the person sent on a business trip used own resources in foreign currencies to pay for the travelling expenses during the trip outside the Russian Federation, and the mentioned expenses are reimbursed by the bank client after his return, Form 0406007 certificate may be drawn up in the name of this natural person for the amount of resources in foreign currencies handed out to him under the condition that the client submits to the authorised bank the report envisaged in the legislation.