Monitoring of the Federal Legislation dated 8.12.2004

Order of the Ministry of Finance of the Russian Federation No. 107n of December 3, 2004 on the Procedure of Entry into Force of the Order of the Ministry of Finance of the Russian Federation No. 102n of November 12, 2004

The Order of the Ministry of Finance of Russia No. 102n of November 12, 2004 on the amendments to the Directions on the procedure of application of the Budget Classification of the Russian Federation endorsed by the Order of the Ministry of Finance of the Russian Federation No. 127n of December 11, 2002 is entered into force from the day of its signing.

Direction of the Central Bank of Russia No. 1532-U of November 30, 2004 on the Amendments to the Regulation of the Bank of Russia No. 89-P of September 24, 1999 on the Procedure of Calculation by Credit Organisations of the Amount of Market Risks

The amendments refine the notion of the "like financial instruments". Calculation of the net position excludes securities purchased under repurchase transactions and registered in Chapter "A. Balance Accounts" of the Rules of accounting work in credit organisations No. 61 of June 18, 1997. The Direction also refines the procedure of calculation of the interest rate and the funds risks.

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 Federal Tax Service No. 04-5-02/3@ of December 2, 2004 on the Application of the Order of the Ministry of Taxation of Russia No. SAE-3-04/366 of June 15, 2004

In view of the changing of the procedure of application of the Budget Classification of the Russian Federation, departments of the Federal Tax Service of Russia in the subjects of the Russian Federation, when they make (print) blank tax declarations for the incomes tax from natural persons Form 3-NDFL, are ordered to envisage in Section 1 "Tax Amounts Due for Payment (Repayment) to the Budget/Return from the Budget According to Taxpayer Information" an increased length of the "budget classification code" figure to twenty digits.