Monitoring of the Federal Legislation dated 19.01.2004

Decision of the Government of the Russian Federation No. 15 of January 15, 2004 on the Endorsement of the List of Documents Submitted by the Investor under the Product Sharing Agreement to the Tax Bodies to Exempt from the Property Tax from Organisations for the Property Used Exclusively for the Activities Envisaged in the Product Sharing Agreement

The mentioned list includes application for the exemption from the property tax from organisations, notary-certified proxy handed out by the investor to the operator, register of fixed assets and non-material assets, as well as the register of reserves and expenses available on the taxpayer balance and used exclusively for the activities envisaged in the product sharing agreement.

Decision of the Government of the Russian Federation No. 14 of January 15, 2004 on the Endorsement of the List of Documents Submitted by the Investor under the Product Sharing Agreement to the Tax Bodies to Exempt from the Transport Tax for the Owned Transport Vehicles (Except for Cars) Used Exclusively for the Purposes of the Product Sharing Agreement

The mentioned list includes application for the exemption from the transport tax, notary-certified proxy handed out by the investor to the operator, register of transport vehicles (except for cars) used exclusively for the purposes of the product sharing agreement and initial documents confirming the actual use of the transport vehicle, as well as excerpts from the program of works and estimates of expenses for the appropriate year.

Decision of the Government of the Russian Federation No. 13 of January 15, 2004 on the Endorsement of the Rates of Export Customs Duties for Raw Oil and Raw Oil Products from Bituminous Materials and Commodities of Oil Exported from the Territory of the Russian Federation outside the Member-States of the Customs Union Agreement

The rates of the export customs duties for commodities of oil are increased from USD 28.1 per 1,000 kg to USD 30.5 per 1,000 kg. The rate of the export customs duty for raw oil and raw oil products from bituminous materials is increased to USD 33.9 per 1,000 kg (earlier, USD 31.2 per 1,000 kg).
The Decision is entered into force one month after the day of its official publication except for the rate of the export customs duty for raw oil and raw oil products from bituminous materials (code according to the Foreign Trade Commodity Nomenclature of the Russian Federation 2709 00) entered into force from February 1, 2004.

Decision of the Government of the Russian Federation No. 8 of January 14, 2004 on the Endorsement of the Rates of the Import Customs Duties for Individual Types of Transport Vehicles Older Than 7 Years of Age

Changes the rates of the import customs duties for semi-trailer wheeled tractors and for individual types of motor transport vehicles for cargo transportation older than 7 years of age. The rates are fixed in the uniform amount: EUR 1 per 1 cm3 of the engine capacity (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. 808 of December 31, 2003 on the Amendment to the Decision of the Government of the Russian Federation No. 366 of May 30, 2002

The earlier endorsed for 9 months rates of import customs duties for individual types of trout, yoghurt, products of animal origin, as well as construction bricks, refined lead, communication switch boards and other commodities, are fixed on the permanent basis.
The Decision is entered into force from the day of its official publication.

Direction of the Central Bank of Russia No. 1372-U of January 14, 2004

Beginning with January 15, 2004, the Bank of Russia has fixed the rate of refinancing in the amount of 14% annual. Earlier, from June 21, 2003 to January 14, 2004, the actual rate amount was 16% annual.

Decision of the Social Insurance Fund of the Russian Federation No. 1 of January 5, 2004 on the Organisation of Work to Implement the Federal Law on the Amendments to the Legislative Acts of the Russian Federation Pertaining to the Improvement of the Procedures of State Registration of Legal Entities and Independent Entrepreneurs

Pursuant to the adoption of the Federal Law No. 185-FZ of December 23, 2003, endorses the Interim Methodology Recommendations on the organisation of work of executive bodies of the Social Insurance Fund of Russia in registration of legal entities and natural persons as insurants. Executive bodies of the Social Insurance Fund of Russia, simultaneously with the registration as insurants in obligatory social insurance against industrial accidents and occupational diseases, shall register legal entities and independent entrepreneurs as insurants in obligatory social insurance.
Information contained in the Uniform State Register of Legal Entities is submitted to the regional division of the Social Insurance Fund of Russia by the appropriate body in charge of the registration (inspection of the Ministry of Taxation of Russia) within not more than five working days from the day of the state registration. In five days more, a copy of the insurance certificate and the notification of the amount of insurance contributions are sent to the insurant by registered mail with notification.
If there are separate divisions, the taxpayer shall submit to the executive bodies of the Social Insurance Fund of Russia application for the registration, certificate of the entry of the record in the Uniform State Register of Legal Entities, confirmation of the registration in the tax bodies and other documents.