Monitoring of the Federal Legislation dated 27.02.2004

Order of the Ministry of Taxation of the Russian Federation No. BG-3-03/89 of February 9, 2004 on the Amendments to the Order of the Ministry of Taxation of Russia No. BG-3-03/25 of January 21, 2002 on the Endorsement of the Instruction on the Filling of Declaration for the Value Added Tax

The Instruction for the filling of the VAT declaration is being brought in compliance with the recent changes in the legislation. The Instruction is intended for the filling of the forms of VAT declarations endorsed by the Order of the Ministry of Taxation of Russia No. BG-3-03/644 of November 20, 2003.

The Order is entered into force beginning with the tax period for January 2004 (I quarter).

Registered in the Ministry of Justice of the Russian Federation on February 26, 2004. Reg. No. 5589.

Order of the Ministry of Finance of the Russian Federation No. 9n of January 22, 2004 on the Amendments to the Instruction on the Procedure of Opening and Keeping by the Federal Treasury Bodies of the Ministry of Finance of the Russian Federation of the Personal Accounts for Registration of Operations in Execution of Expenses of the Federal Budget Endorsed by the Order of the Ministry of Finance of the Russian Federation No. 142n of December 31, 2002

Amends the procedure of opening, keeping, redrawing and closing of the personal accounts. In particular, specifies that at the opening of the personal account of the recipient of the resources for the Chief Administrator of Resources, the card of the specimens of signatures is singed by the head and the chief accountant (other authorised persons) of the Chief Administrator of Resources and certified with the round seal of the Chief Administrator of Resources. Another certifying signature is not required.

Also changes the procedure of recording of operations on the personal accounts. The federal treasury bodies, on the monthly basis no later than the third of the month following the reported one, shall verify operations of the flow of limits of the budget resources, the volumes of financing and cash expenses recorded on the personal accounts of recipients of resources and personal accounts of another recipient of resources.

A new wording is provided of the forms of applications for the opening, redrawing and closing of the personal account, the cards of the specimens of signatures, permission to open an account in the division of the Bank of Russia.

Registered in the Ministry of Justice of the Russian Federation on February 25, 2004. Reg. No. 5582.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-22/154@ of February 26, 2004 on the Invalidation of the Orders of the Ministry of Taxation of the Russian Federation No. BG-3-22/706 of December 10, 2002, No. BG-3-22/191 of April 17, 2003, No. BG-3-22/573 of October 28, 2003

Invalidates the Order of the Ministry of Taxation of Russia No. BG-3-22/706 of December 10, 2002 on the endorsement of the methodology recommendations on the application of Chapter 26.2 "Simplified System of Taxation" of the Tax Code of the Russian Federation with amendments.

Procedure of Calculation of Insurance Contributions (Endorsed by the Decision of the Board of Directors of the State Corporation "Deposit Insurance Agency" of February 3, 2004 (Protocol 3))

The procedure regulates the relations pertaining to the calculation of the estimate base and estimate period for the payment of insurance contributions to the Deposit Obligatory Insurance Fund. The document envisages the particulars of calculation of issuance contributions for an incomplete estimate period, as well as regulates other relations pertaining to the procedure of calculation of insurance contributions.

The estimate base for the calculation of insurance contributions is defined as the average chronological for the estimate period of the daily balance residues on the accounts used to record the deposits, except for the monetary resources exempted from insurance. The estimate period for the payment of insurance contributions is a calendar quarter of the year.

Procedure of Payment of Insurance Contributions (Endorsed by the Decision of the Management Board of the State Corporation "Deposit Insurance Agency" of February 5, 2004 (Protocol 2))

Defines the particulars of transfer of insurance contributions on the agency accounts in the Bank of Russia used to register the monetary resources of the Deposit Obligatory Insurance Fund. The procedure also regulates the relations pertaining to the failure to pay, untimely, incomplete or excessive payment of the amount of insurance contributions and defines the consequences of the failure to fulfil the duty to pay insurance contributions by the bank. The estimate period for the payment of insurance contributions by the bank is a calendar quarter of the year. The first estimate period for the payment of insurance contributions is the period from the day of the bank entry in the register of banks participating in the deposit insurance system to the day of the end of the calendar quarter when the bank was entered in the mentioned register.

The payment of insurance contributions is effected by the bank in the currency of the Russian Federation within 5 days from the day of the end of the estimate period by transferring the monetary resources to the account of the Deposit Insurance Fund.

Letter of the Social Insurance Fund of the Russian Federation No. 02-18/07-773 of February 5, 2004 on the Procedure of Calculation of the Temporary Disability, Maternity Allowances

Provides 11 examples of calculation of the temporary disability, maternity allowances for use in practical work as specified in Article 8 of the Federal Law No. 166-FZ of December 8, 2003 on the budget of the Social Insurance Fund of the Russian Federation for the year 2004.