Monitoring of the Federal Legislation dated 12.02.2004

Decision of the Government of the Russian Federation No. 67 of February 9, 2004 on the Amendments to the Decision of the Government of the Russian Federation No. 379 of June 30, 2003

The amendments are introduced in the Decision of the Government of the Russian Federation specifying additional restrictions on the investing of resources of accumulated pensions in individual classes of assets and defining the maximum share of individual classes of assets in the investment portfolio.

The shares of assets in the investment portfolio built at the expense of resources handed over to the Pension Fund of Russia in trust control by the management company and in the investment portfolio of a non-state pension fund engaged in obligatory pension insurance are defined in percent of their cost (in roubles) proceeding from the amount of resources on accounts and deposits in credit organisations and the market cost of securities forming the appropriate investment portfolio.

Decision of the Government of the Russian Federation No. 64 of February 9, 2004 on the Amendments to the Decisions of the Government of the Russian Federation No. 92 of February 8, 2002 and No. 93 of February 8, 2002

The changes are introduced in the Decisions of the Government of the Russian Federation specifying the norms of expenses of organisations for compensations for the use of personal cars and motorcycles for business trips, as well as for the daily and field allowances where such expenses are qualified as other expenses pertaining to production and sales in the determination of the taxable base for the profit tax from organisations.

The Decision specifies that if the system of taxation for agricultural producers is applied (uniform agricultural tax), the mentioned norms shall be used from January 1, 2004 to determine expenses for the paying out of compensation for the use of personal cars and motorcycles for business trips, as well as for the daily and field allowances.

The Decision is entered into force from the day of its official publication and applies to legal relations emerging from January 1, 2004.

Decision of the Government of the Russian Federation No. 60 of February 6, 2004 on the Endorsement of the Forms of the Typical Contract on Obligatory Pension Insurance between a Non-State Pension Fund and the Insured, Forms of Applications of the Insured to Transfer to a Non-State Pension Fund and Transfer to the Pension Fund of the Russian Federation

The typical form of the contract defines the subject of the contract, the rights and duties of the fund, the insured, procedure of registration of the resources of accumulated pensions and investing of the given resources by the management company. Regulates in detail the procedure of assigning and paying out of the accumulated part of the labour pension to the insured and making payments to his successors. The contract is concluded for an indefinite period of time.

Direction of the Central Bank of Russia No. 1375-U of January 16, 2004 on the Rules of Drawing up and Submission of Reports of Credit Organisations to the Central Bank of the Russian Federation

Specifies the obligatory for the credit organisations (their branches), parent credit organisations of the bank/consolidated groups general rules of drawing up and submission of accounting and statistical reports to the Bank of Russia.

Credit organisations must draw up and submit to the Bank of Russia reports according to the "List of Forms of Reports and Other Information of Credit Organisations Submitted to the Central Bank of the Russian Federation" specified in the Direction of the Bank of Russia No. 1376-U of January 16, 2004.

The forms of reports must contain all envisaged for them indicators. If the data for one or more figures is not available, the zero is entered in the appropriate column (line) for digital indicators and a dash for the symbols. If the form of the report contains only zeros, credit organisations shall send to the Bank of Russia a report of absence of appropriate data, or report with zero indicators. The forms of reports must be filled out according to the form attached to the Direction. The blank forms of reports are provided in the credit organisations independently.

The Direction is entered into force 10 days after the day of its official publication in the Herald of the Bank of Russia.

Registered in the Ministry of Justice of the Russian Federation on February 10, 2004. Reg. No. 5534.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-23/1 of January 5, 2004 on the Endorsement of the Form of the Tax Declaration for the Profit Tax from a Foreign Organisation and on Amendments to Its Filling Instruction

Endorses the new form of the tax declaration for the profit tax from a foreign organisation (KND 1151038).

Registered in the Ministry of Justice of the Russian Federation on January 29, 2004. Reg. No. 5495.

Letter of the Social Insurance Fund of the Russian Federation No. 02-18/07-565 of January 28, 2004 on the Filling of the Reverse Side of the Disability Sheet

Pursuant to the introduction from January 1, 2004 of the new procedure of calculation of the temporary disability allowance and the maternity allowance, explains the procedure of filling of the reverse side of the disability sheet. Thus, section "Information on the Earnings" and column "Months" should indicate the estimated period of the earnings taken into account (12 calendar months preceding the month of the occurred disability, maternity leave, or less than three months for the appropriate employees getting the allowance in the amount not greater than the minimum amount of labour remuneration for the full calendar month).