Monitoring of the Federal Legislation dated 29.06.2005

Decision of the Government of the Russian Federation No. 401 of June 27, 2005 on the Optimisation of the System of Trade Representations of the Russian Federation in Foreign States

Endorses the Regulation on the trade representation of the Russian Federation in a foreign state. The trade representation is a state body safeguarding foreign trade interests of the Russian Federation in the country of stay. The trade representation is an integral part of the diplomatic representation of the Russian Federation in the country of stay and operates under the direct political guidance of the ambassador of the Russian Federation in this country. Decision to institute, reorganise or dissolve trade representations and/or its divisions in the country of stay shall be taken by the Government of the Russian Federation in compliance with international treaties of the Russian Federation.

General guidance of the work of trade representations is vested in the Ministry of Economic Development of the Russian Federation.

The Decision lists foreign states where new trade representations are introduced in 2005-2006, as well as the states where trade representations of the Russian Federation and offices of trade councillors of the embassies of the Russian Federation must be liquidated from January 1, 2006. Provides the list of states where offices of trade councillors of the embassies of the Russian Federation are to be converted into the Russian trade representations.

Order of the Ministry of Justice of the Russian Federation No. 82 of June 9, 2005 on the Endorsement of the Instruction on the Particulars of the State Registration of the Contracts of Participation in Shared Construction, the Rights, Restrictions (Encumbrances) of the Rights for the Objects of Immovable Property Pertaining to Shared Construction of the Objects of Immovable Property

Defines the particulars of the state registration of the contracts of shared construction, the rights, restrictions (encumbrances) of the rights for the objects of immovable property pertaining to shared construction of the objects of immovable property, including the entry of records in the Joint State Register of the Rights for Immovable Property and Transactions with It.

The state registration of the contracts of participation in the shared construction needs additional submission of the documents describing the object of shared construction indicating its location on the diagram of the created object of immovable property and expected area of the object of shared construction.

Additionally submitted by the construction party for the state registration of the contract concluded by the construction party with the first participant of the shared construction are: permission for the construction project, design declaration, diagram of the created object of immovable property indicating its location and the quantity of dwelling and non-dwelling space in the created object of immovable property and expected area of each of the mentioned rooms.

Registered in the Ministry of Justice of the Russian Federation on June 23, 2005. Reg. No. 6749.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-05-01-04/198 of June 22, 20

Explains the procedure of application of Item 7 of Article 226 of the Tax Code of the Russian Federation stating that the tax agents possessing separate divisions must transfer calculated and collected amounts of the income tax from natural persons both at the place of its location and at the place of location of each of its separate divisions. The given procedure applies regardless of the place of residence of natural persons, as well as of whether the works are carried out under labour or civil contracts.

If the civil contract has been concluded by the natural person with a branch operating on behalf of the organisation, the income tax from such natural person must be transferred by the parent organisation to the budget at the place of location of the branch, with appropriate information being submitted at the place of registration of the parent organisation and the place of residence of the natural person.

If the civil contract has been concluded by the natural person with the parent organisation, the income tax from such natural person must be transferred to the budget at the place of location of the parent organisation, with appropriate information being submitted at the place of residence of the natural person.