Monitoring of the Federal Legislation dated 28.08.2008

Decree of the President of the Russian Federation No. 1261 of August 26, 2008 on the Recognition of the Republic of South Ossetia

The Republic of South Ossetia is recognised by Russia as a sovereign and independent state.

Decree of the President of the Russian Federation No. 1260 of August 26, 2008 on the Recognition of the Republic of Abkhazia

The Republic of Abkhazia is recognised by Russia as a sovereign and independent state.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-02-07/1-352 of August 20, 2008

Since the normative legal acts on taxes are recognised as not complying with the Tax Code of the Russian Federation in court, the taxpayer may enjoy the tax exemption introduced by the law of the subject of the Russian Federation on taxes (normative legal act of the representative municipal body on taxes) before this act is recognised as not complying with the Tax Code of the Russian Federation.