Monitoring of the Federal Legislation dated 2.05.2007

Decision of the Government of the Russian Federation No. 255 of April 28, 2007 on the Endorsement of the Requirements to the Security Certificate of a Retail-Trade Market-Place and the List of Information in It

According to the Federal Law on the retail-trade market-places and on the amendments to the Labour Code of the Russian Federation, the security certificate is implied to be the document specifying the market-place compliance with security requirements, including those of anti-terrorist nature. The presence of the certificate is one of the obligatory conditions of organisation of work to sell commodities (carry out works, render services) at the market-place.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-04-06-01/103 of April 2, 2007

The proprietary tax exemption in the amount spent by the taxpayer for the new construction or purchase of a house, flat or a share (shares) in them may be provided to the taxpayer at the end of the tax period when he applies to the employer - tax agent - on condition of confirmation of the taxpayer right for the proprietary tax exemption by the tax body.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-03-06/1/204 of April 2, 2007

Expenses in the form of interest under credits granted for the purchase of equipment during conservation of works of equipment installation shall be registered in the determination of the taxable base for the profit tax as non-sale expenses in the amount not greater than the one specified in Article 269 of the Tax Code.