Monitoring of the Federal Legislation dated 16.10.2007

Decision of the Government of the Russian Federation No. 662 of October 10, 2007 on Endorsing the Regulations on Performance of the Functions and Powers of a Founder of a Federal Independent Institution by a Federal Executive Governmental Body

A procedure is established for a federal executive governmental body to carry out the functions and powers of a founder of an independent institution based on property in federal ownership. The decision on forming the institution is taken by Russia's government. The body confirms the charter of the institution, sets assignments for it, takes decisions on the formation or liquidation of branches and representative offices thereof, and on the re-organisation or liquidation of the institution etc.

Letter of the Federal Agency on Construction, Housing and the Communal Sector No. SK-3752/02 of October 10, 2007 on Cost-Estimate Value Variation Indices for the Fourth Quarter of 2007

Cost-estimate value variation indices are established for construction and erection works as a whole and for specific cost items for the fourth quarter of 2007 for the subjects of the Russian Federation. They are intended to calculate the cost of construction and form an initial bidding price by the basis-and-index method and to do general economic calculations relating to investment for projects using federal budget funds.

Letter of the Federal Agency on Construction, Housing and the Communal Sector No. SK-3742/02 of October 9, 2007 on Prices for Design and Survey Works for Construction for the Fourth Quarter of 2007

Design and survey cost variation indices are offered for construction for the fourth quarter of 2007.

Letter of the Department of Taxation and Customs-Tariff Policies of the Ministry of Finance of the Russian Federation No. 03-07-13/1-26 of October 1, 2007

The cost of the services of transporting Belarusian goods shipped into Russia both via the territory of Belarus and the territory of Russia is included by the buyer in the tax base for VAT for the goods. VAT sums paid to the providers of the services are not included in the cost.

Letter of the Department of Taxation and Customs-Tariff Policies of the Ministry of Finance of the Russian Federation No. 03-11-05/234 of October 3, 2007

Explanations are offered to the taxpayers practicing a simplified taxation system on the use of a deflation factor in 2007 to calculate the threshold sum of incomes affecting the applicability of the system.