Windfall tax for major companies to be introduced in Russia

Garant Free Online Demo

Legal information system for your company.
Simply click on the button Start working and the system Legislation of Russia in English will be available for unlimited time.

Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 1.03.2005

Order of the Ministry of Finance of the Russian Federation No. 26n of February 26, 2005 on the Endorsement of the Methodology Recommendations on the Introduction of the Instruction on the Budget Record Keeping Endorsed by the Order of the Ministry of Finance of the Russian Federation <br>

The remaining balances on the accounts as of January 1, 2005 shall be carried over as opening balances of the chart of accounts as of January 1, 2005. The institution shall carry over the balances on the accounts after fulfilling operations of closing of the accounts and drawing up of the accounting reports for the year 2004. The results of the inventory taking (registration of unrecorded objects, writing off of shortage etc.) must be recorded in the accounting work of the institution before the closing of the accounts for the year 2004.

The balances on the accounts are carried over separately for each of the accounts at the cost they were recorded as of January 1, 2005 in the accounting work of the institution according to the provided table of correspondence of the chart of accounts of the budget-supported institutions and the uniform chart of accounts of execution of the budgets with the chart of accounts of the budget records and accounting records of the transfer to the accounts of budget records.

The Order also provides the table of correspondence of the code of the account of the budget records with the code of classification of incomes, agency functional classification of expenses of the budgets, classification of the sources of financing of the deficit of the budgets.

The turnovers available on the subaccounts must also be transferred during the year 2005 together with the opening balances as of January 1, 2005.

Letter of the Ministry of Regional Development of the Russian Federation No. 645-VG/70 of February 25, 2005 on the Indices of Change of the Estimated Cost of Construction for the I Quarter of 2005 <br>

For the I quarter of 2005, specifies the indices of change of the estimated cost of construction on the whole for the erection and installation works and by items of expenses in the subjects of the Russian Federation for the objects where the construction is financed using the resources of the federal budget. The indices are intended for the determination of the current cost of erection and installation works calculated at the level of basic prices for the resources used in construction. The indices take into account the multitude of erection and installation works fulfilled on the objects of housing construction, social sphere, industrial destination and transport construction and are intended for the general economic estimates in the investment sphere, preparation of tender documentation, as well as for larger estimates of the cost of construction using the basic indices method. The mentioned indices do not apply in the determination of the cost of construction using the resources method.

Letter of the Federal Tax Service No. 04-1-02/704 of January 24, 2005 on the Payment of the Incomes Tax from Natural Persons <br>

According to the Federal Tax Service of Russia, the drivers engaged in international transportation on the permanent basis may be qualified as persons whose job takes place on the way or is of travelling nature both on the territory of the Russian Federation and during their stay on the territory of foreign states. The daily subsistence paid out to such drivers is not included in the incomes subject to the incomes tax from natural persons within the limits specified in the legislation.

When writing off driver expenses made on the territory of foreign states in foreign currencies, the advance report of the driver must have attached initial documents confirming the suffered expenses of purchase of oils and lubricants, parking, paid highways, customs fees on the border.

Contact Us

Leave us a message