Monitoring of the Federal Legislation dated 24.06.2003

Decision of the Government of the Russian Federation No. 359 of June 21, 2003 on the Amendments to the Customs Tariff of the Russian Federation

The rate of the import customs duty for dry yeast (code according to the Foreign Trade Commodity Nomenclature of the Russian Federation 2102 10 310 0) is fixed to amount to EUR 0.25 per kg (earlier, 15% of the customs cost).
The Decision is entered into force one month after the day of its official publication for 9 months.

Decision of the Government of the Russian Federation No. 358 of June 21, 2003 on the Amendments to the Customs Tariff of the Russian Federation for the Import to the Customs Territory of the Russian Federation of Individual Types of Transport Vehicles Older Than 7 Years of Age

Fixes the new import duties for trucks older than 7 years of age in the amount of 10% to 15% (earlier, from 5% to 10%) of their cost.
The Decision is entered into force one months after the day of its official publication.

Decision of the Government of the Russian Federation No. 357 of June 21, 2003 on the Equalisation of the Customs Payments Collected from Legal Entities and Natural Persons When Importing Used Cars to the Customs Territory of the Russian Federation

Fixes uniform customs payments for natural persons and legal entities for imported used cars 3 to 7 years of age. Natural persons will have to pay EUR 0.85 per cm3 if the car engine capacity is not greater than 1,000 cm3; EUR 1 if the capacity is 1,000 to 1,500 cm3; EUR 1.5 if the capacity is 1,500 to 1,800 cm3; EUR 1.75 if the capacity is 1,800 to 2,300 cm3; EUR 2 if the capacity is 2,300 to 3,000 cm3; and EUR 2.25 if the capacity is greater than 3,000 cm3.
Earlier, the uniform rate of the customs taxes and duties for natural persons amounted to: EUR 0.85 per cm3 for cars with engine capacity not greater than 2,500 cm3 and EUR 1.4 per cm3 for more powerful engines.
The Decision is entered into force one month after the day of its official publication.

Letter of the Ministry of Taxation of the Russian Federation No. VG-6-03/672@ of June 19, 2003 on the Value Added Tax

Amounts of advance payments for the imported commodities received by the exporter after the drawing up of the customs cargo declaration for them are exempted from the value added tax only within the limits of resources corresponding to the part of dispatched products, carried out works (rendered services).

Letter of the Ministry of Taxation of the Russian Federation No. SA-6-22/657 of June 11, 2003 on the Explanation of Individual Issues of Application of Chapters 26.2 and 26.3 of the Tax Code of the Russian Federation

Explains individual issues of taxation of incomes and expenses of taxpayers applying special tax regimes.
To observe the principle of equality of taxation, independent entrepreneurs may reduce the taxable base for the incomes envisaged by Article 251 of the Tax Code of the Russian Federation as is envisaged for organisations. In this case, taxpayers (organisations and independent entrepreneurs) having chosen as the object of taxation the incomes reduced by the amount of expenses in the determination of the taxable base record only those expenses that are envisaged in Article 346.16 of the Tax Code of the Russian Federation.
When using the cash method of determination of incomes and expenses, one should keep in mind that expenses for forward-purchase commodities unsold in the reporting (tax) period are recorded when getting incomes from the sale of such commodities in the subsequent reporting (tax) periods.
Preliminary payment (advance payments) with taxpayers applying the simplified system of taxation is the object of taxation in the reported (tax) period when they are received.