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Monitoring of the Federal Legislation dated 22.08.2003

Order of the State Customs Committee of the Russian Federation No. 849 of August 4, 2003 on the Endorsement of the Form of the Act of Verification of Advance Payments

Endorses the form of the document fixing the results of the joint verification by the payer and the customs body of the spending of the payer monetary resources received as advance customs payments not identified as particular types and amounts of payments for particular commodities.
The mentioned act is drawn up if the payer does not agree to the results of the report of the customs body of the spending of the monetary resources transferred as advance payments.
The act is drawn up in duplicate, signed by the customs body and the payer. One copy of the act after signing is to be handed in to the payer.
The Order is entered into force from January 1, 2004.
Registered in the Ministry of Justice of the Russian Federation on August 19, 2003. Reg. No. 4992.

Direction of the Central Bank of Russia No. 1322-U of August 18, 2003 on the Amendments to the Instruction of the Bank of Russia No. 62a of June 30, 1997 on the Procedure of Building and Use of the Reserve for Possible Losses in Loans

The changes are introduced in the criteria for qualifying the loans as desperate, i.e. representing the actual losses of the bank (4th risk group).
Omits the provision stating that from September 1, 1999 the banks must qualify the debts in loans of the borrowers as the 4th risk group and create the reserve for possible losses together with the granting of the loan while observing the following signs:
- the borrower did not present to the bank the documents confirming a fair credit history for the most recent three months before the date of applying for the loan if less than 1 year passed from the date of registration of the borrower legal entity;
- the debt in loan is not secured or insufficiently secured;
- the debt in loan is greater than 50% of the borrower assets in circulation (for legal entities).
The Direction is entered into force 10 days after the day of its official publication in the Herald of the Bank of Russia.

Letter of the Ministry of Finance of the Russian Federation No. 03-01-01/08-238 of August 13, 2003 on the Changes in Accounting Reports

Beginning with the 9 months of 2003, before presenting the summary accounting reports to the Ministry of Finance of the Russian Federation, administrators and recipients of the resources of the federal budget have to coordinate Form 2 "Report of Execution of the Incomes and Expenses Estimate for the Budget Resources" (Code 0503004) also with the incomes department of the territorial body of the federal treasury where it pertains to the return of the loans with the note of the authorised executor of the treasury body deciphering the signature.

Letter of the Department of Taxation Policy of the Ministry of Finance of the Russian Federation No. 04-05-12/60 of June 3, 2003

When an organisation switches over to the uniform imputed income tax for retail trade, it is necessary to pay the taxes according to the common taxation regime for commodities sold on cashless basis (including the use of bank cards) while providing for a separate recording of the property used to carry out these activities. The mentioned property in this case includes both the commodities and the property used to sell them (for example, shop rooms, scales, cash registers, transport vehicles etc.).
If there is no opportunity to provide for a separate accoutring, the cost of the property being the object of taxation for the property tax should be determined in proportion to the amount of receipts from the sale of the products (works, services) received in other activities in the total amount of receipts from the sale of products (works, services) of the organisation.
In this case, the portion of receipts obtained from the sale of commodities on the cashless basis for the appropriate period is determined as the difference between the total amount of receipts obtained from the sale of commodities and the amount of cash received in the seller cash department for this period.

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