Monitoring of the Federal Legislation dated 23.09.2004

Direction of the Central Bank of Russia No. 1499-U of September 13, 2004 on the Amendments to the Direction of the Bank of Russia No. 1376-U of January 16, 2004 on the List, Forms and Procedure of Drawing up and Submission of the Forms of Reports of Credit Organisations to the Central Bank of the Russian Federation

Amends the Reporting Form 0409115 "Information on the Quality of Loans, Debts in Loans and Similar Debts" and its filling procedure, as well as the draft table for the drawing up of the published form of the accounting balance report and the procedure of drawing up and submission of the reports according to Form 0409806 "Accounting Balance Report (Published Form)".

The Direction is entered into force and is applied in the drawing up and submission by credit organisations of the forms of reports from October 1, 2004.

Registered in the Ministry of Justice of the Russian Federation on September 22, 2004. Reg. No. 6039.

Order of the Federal Agency of Technical Regulation and Metrology No. 7 of July 22, 2004 on the Amendments to the Nomenclature of Products and Works (Services) Specified for Obligatory Certification by Legislative Acts of the Russian Federation and the Nomenclature of Products with Compliance Certified by the Compliance Declaration

The amendments are stipulated by the removal of services (works) from the list of objects subject to obligatory certification. The Order extends the list of products requiring compliance declaration. Emphasises that the products listed in the appropriate nomenclature require compliance declaration and may not be certified as before.

The amendments are introduced from August 31, 2004.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-04-11/135 of August 25, 2004 on the Drawing up of the Invoice for the Amount of the Advance Payment

When drawing up the invoice for the received advance payments, the VAT amount is recorded in Column 9 "Cost of Commodities (Works, Services) in Total Including the Tax" of the invoice, and Column 5 "Cost of Commodities (Works, Services) in Total without the Tax" is not filled out.

When entering in the Book of Sales invoices drawn up by the seller taxpayer in cases of received advance payments for the anticipated supplies of commodities, carrying out works or rendering services, Column 5a "Cost of Sales without VAT" of the Book of Sales is not filled out. Column 5 "Seller Name" of the Book of Sales is recommended for use to show the name of the seller of commodities (works, services) having paid VAT to the budget for the received advance payments.