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News
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On the return of PIT withheld above measure
July 28
Letter of Russian Ministry of Finance of 28.06.2010 2010 № 03-04-06/6-136 determined that return of PIT sums withheld above measure to a taxpayer by way of reducing respectively accrued tax amounts off income acquired from a tax agent by other individuals, is not permitted by the Tax Code of Russian Federation.
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Withholding of PIT by a borrower organization when paying profits to a guarantor who cleared the loan
July 27
Letter of Ministry of Finance of Russian Federation of 01.07.2010 N 03-04-06/10-138 determined that an Organization-borrower must withhold PIT when making payment in the order of profits regress to a guarantor who has cleared the loan for it.
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Invoices and negative differences of amounts
July 22
Letter of Ministry of Finance of Russian Federation of 01.07.2010 N 03-07-11/278 expressed an opinion, that VAT base for the period of goods shipment is not reduced to negative differences in amounts resulting in the period when the payment was received. Invoices for negative differences in the amounts do not need not issued.
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Explanation for employee's expanses towards purchase of an electronic ticket
July 21
Letter of Russian Ministry of Finance of 01.07.2010 N 03-03-07/23 determines, that employee's expenses towards purchase of an electronic ticket may be based on documents that confirm employee's referral for a business trip, accommodation assigned for the business trip, printed copy of the electronic ticket and boarding card that contains passenger's last name, route details, price and date of the trip.
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On the ban of making changes to distribution between spouses with regards to PIT deduction when buying a flat
July 20
Letter of Russian Ministry of Finance of 30.06.2010 N 03-04-05/9-364 defined, that Tax Code of Russian Federation doesn't make provisions for refusing rights of using property deduction by one of spouses when acquiring a flat as a common property. It's not allowed to make changes to the previously established distribution of property deduction between two spouses by way of providing revised declarations.
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On the ban for organizations to pay tax in cash
July 19
Letter of Russian Ministry of Finance of 28.06.2010 N 03-02-07/1-296 established that there is no provision for organizations to pay taxes in cash.
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VAT on rented property that belong to a subject of Russian Federation handed over into a trust management
July 16
Letter of Russian Ministry of Finance of 23.06.2010 N 03-07-11/266 determined that in the event if an organization lets out a property of territorial subject of Russian Federation, acquired on terms of operative management, leaseholder must pay VAT into the budget.
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On the accounting of income from a loan interest
July 15
Letter of Russian Ministry of Finance of 06.2010 N 03-03-06/1/426 established, that interest from all types of loans are considered to be extraordinary income evenly over the whole period of a contract regardless of its actual payment timeline.
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On the conditions of depreciation accrual
July 14
Letter of Russian Ministry of Finance of 22.06.2010 N 03-03-06/1/425 established, that if an object has not been put into operation and not being used for profit-making, there is no accrual of depreciation in purposes of taxation.
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Free surrender of property towards residential houses and VAT
July 13
Letter of Russian Ministry of Finance of 22.06.2010 N 03-07-11/259 established, that free surrender of property towards residential houses is not liable to VAT.
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On the compulsory conduction of a stock-count
July 12
Letter of Russian Ministry of Finance of 03.06.2010 г. № 07-02-12/13 explains that in compliance with Federal law "Of book-keeping", in order to provide accounting and reporting data accuracy, organizations must conduct inventory counts of property and liabilities.
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On the declaration of income taxes when paying dividends to participants – individuals
July 11
Letter of Federal Tax Service of 24.05.2010 г. № ШС-21-3/289@ "On the provision of tax calculations by a tax agent", established that in the even of paying out dividends, only individuals are considered to be charter members of an LLC, and respective dividend amounts are liable to PIT.
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Return of goods and making out an invoice
July 10
Letter of Russian Ministry of Finance of от 23.03.2010 N 03-07-05/14 expressed an opinion that when goods are returned by a buyer who kept its price records including VAT, the buyer doesn't have to issue an invoice, having reflected the figures from a sales clerk's invoice.
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Reference of FTS RF concerning VAT declaration fill order
July 9
Letter of Russian Ministry of Finance of 25.06.2010 N ШС-37-3/5063@ recommends to use code 1010814 when filling in VAT declaration in relation to transactions of works in form of extracurricular measures targeted at taking off the pressure in the labor market, also code 1014001 in relation to sales of goods not subject to VAT based on international agreements.
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Application of VAT deductions by organizations that are developers and investors at the same time
July 8
Letter of Russian Ministry of Finance of 24.06.2010 N 03-07-10/10 defines, that a construction management organization, has a right to deduct VAT received from suppliers of electricity and water used for construction. Expenditure on electricity and water is included into original costs of the fixed asset being built.
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Book-keeping for barter transactions for taxes calculations by organizations on STS
July 7
Letter of Russian Ministry of Finance of 24.06.2010 N 03-11-06/2/102 determines, that an Organization using STS where "income" is the object should include price of property acquired on a swap contract into the sales income.
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Application of social deduction of PIT by an individual
July 6
Letter of Ministry of Finance 23.06.2010 N 03-04-05/7-353 determines, that an individual has a right to receive a social deduction in the amount of expanses towards acquisition of medicaments, if these medicaments are included in the List confirmed by Decree of Russian Government of 19.03.2001 N 201, but no more that 120 thousand rubles in the tax period.
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Keeping records for taxation of discounts according to a purchase/sale contract in the period when changes happened
July 5
Letter of Russian Ministry of Finance of .06.2010 N 03-07-11/267 defined, that a sales person, who gives a discount by way of reducing the price of a goods unit while making changes to purchase and sale agreement has a right to correct income tax base in the period where the changes take place.
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Writing off petrol on technical documents for a certain vehicle
July 4
Letter of Russian Ministry of Finance of 22.06.2010 N 03-03-06/4/61 defines, that in purposes of expanses on fuel, before there is any regulation that would confirm norms of fuel use for a vehicle, developed by scientific organization, taxpayer has a right to use manufacturer's technical documents as a guide.
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Transportation tax for self-propelled vehicles registered with Rostehnadzor
July 3
Letter of Russian Ministry of Finance of 22.06.2010 N 03-05-05-04/13 determines, that self-propelled vehicles and mechanisms with a pneumatic or caterpillar mounting, registered in Rostehnadzor and have passport of self-propelled vehicle are subject to a transport tax.
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Additional payments of actual wages for the period of temporary incapacity for work
July 2
Letter of Russian Ministry of Finance of от 22.06.2010 N 03-03-06/4/62 determines, that additional payment towards actually wages for the period of temporary work incapacity should be recorded in the expanses in compliance with p. 25 article 255 TC RF.
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Deduction of VAT in the period where the sales were missing
July 1
Russian Ministry of Finance Letter of 22.06.2010 N 03-07-11/260, determines, that in cases when there are missing sales entries in a tax period it's not allowed to apply VAT deduction method.
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On the payment of taxes and levies, penalties and fines by way of payment terminals
June 30
Letter of Russian Ministry of Finance of 21.06.2010 N 03-02-07/1-287 determines that TC RF does not give provisions for paying taxes, levies, penalties and fines through payment terminals.
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Clearance of personal bill of exchange provided by an individual and PIT by an Organization
June 29
Letter of Russian Ministry of Finance of 21.06.2010 N 03-04-06/2-131 defines, that when paying personal bills, issued by an individual, organizations is recognized as a PIT agent, if it is not a trust manager, broker, or any other entity making commission and payment order transactions confirmed by an agent's contract.
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Records of payments for the use of trade mark in taxation purposes
June 28
Letter of Russian Ministry of Finance of 21.12.2009 N 03-03-06/4/109 determines that licensed payments for the right of trademark use should be recorded in the other expanses in compliance with of sp. 37 p. 1 article. 264 TC RF, if the trademark is used for activities oriented to profit-making.
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Sales of shares in the authorized fund and withholding PIT
June 27
Letter of Russian Ministry of Finance of 21.06.2010 N 03-04-06/2-126 explains, that if a participant decides to leave society, the actual amount of shares paid to him, is subject to PIT taxation according to general provisions. The organization acts as a tax agent with regards to such income of an individual and must calculate, withhold from taxpayer and pay the tax amount into budget.
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Controlled debt and recalculation of percentage for pervious periods
June 26
Letter of Russian Ministry of Finance of 18.06.2010 N 03-03-06/1/421 states, that in case if during the reporting period of 2009 taxpayer's debts were recognized as controlled, the expanses in form of percents, accrued in the beginning of reporting period should be recorded in compliance with provisions in p.p. 2 - 4 article 269 TC RF. That being said, there is no recalculation of the interest for previous reporting periods.
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Contract for child's education and withholding of PIT
June 25
Letter of Russian Ministry of Finance of 18.06.2010 N 03-04-05/7-338 expresses an opinion, that if a training contract is registered into child's name and the child made a payment in person, but payment documents supposed to confirm this payment are missing, the parent can not receive social PIT deduction for education expanses.
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Application of standard deductions with regards to PIT that relate to children of divorced parents
June 18
Letter of Russian Ministry of Finance of 18.06.2010 N 03-04-05/5-340 explains, that a divorced parent is not a sole parent of a child, therefore there is no doubled standard PIT for him/her.
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Use of UTII and STS by organizations where 100% of authorized capital belongs to a Municipal entity
June 17
Letter of Russian Ministry of Finance of 17.06.2010 N 03-11-06/2/94 defines, that an organization where 100 percent authorized capital belong to a municipal entity, has a right to apply UTII and STS.
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On the right of not confirming production expanses by documents for organizations using STS with the object of "income"
June 16
It's determined by Letter of Russian Ministry of Finance of 16.06.2010 N 03-11-11/169, that a taxpayer who uses STS where the object is "income", does not have to confirm carried expanses by documents.
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STS and amounts of returned advances for goods not shipped
June 16
Letter of Russian Ministry of Finance of 16.06.2010 N 03-11-06/2/93 expressed an opinion, that Of organization, using STS where taxation object equals "income minus expenses", did not keep record of advance payment amounts made into the account of future goods supply in the expenses part, then the amounts of returned advances for unshipped goods are not recorded either.
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On accounting for income tax amounts paid outside of Russian Federation
June 16
Letter of Ministry of Finance of 16.06.2010 N 03-08-05 notes that in purposes of income taxes, tax amounts paid abroad (outside of RF) need to be accounted for, if there is a signed confirmation without a stamp notarization, if the law of the country where the tax agent resides and withholds taxes, doesn't stipulate stamping documents confirming withheld taxes.
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Explanation of Russian Ministry of Finance and FTS of RF of regulations regarding filling in tax declarations on profits gained from participations
June 10
Collective Letter of Russian Ministry of Finance and FTS of RF of 10.06.2010 № ШС-37-3/3881 explains the steps for calculation and reflection of income tax in declaration, referring to income gained from participations in other organizations.
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On freedom of VAT taxation, advertisement delivery related activities - brochures, booklets, flyers, calendars and leaflets
June 10
Letter of Russian Ministry of Finance of 10.06.2010 № 03-07-07/36, states that, activities related to spreading advertisement materials, including brochures, booklets, flyers, calendars and leaflets, where the cost of an acquired unit does not exceed 100 rub. per unit, are free from VAT in compliance with sp. 25 p. 3 article 149 TC RF.
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Applying VAT deductions on basis of an invoice, in USD
June 7
The letter of Russian Ministry of Fiance of 07.06.2010 № 03-07-09/35 notes that, parapgraph 21 "VAT" does not mention any norms, that would forbid issue of invoices in currency units in compliance with p. 1 article 172 TC RF tax deductions on goods bought with rubles and confirmed by agreements, which stipulate payments in ruble amounts, that equal certain amounts in currency units, are used according to general regulations based on received invoices, taking into account the currency rate on the date of goods' registration. Further payments for goods bough on specified contracts, remain the same i.e. tax deduction amounts do not change.
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On signing an invoice by responsible individuals by way of facsimile reprint
June 1
Letter of Russian Ministry of Finance of 01.06.2010 г. № 03-07-09/33 states, that p. 6 article 169 TC RF points out that every invoice must have signatures of the company director and leading accountant. Thus Tax Code does not make provisions for use of invoices with facsimile signatures. Therefore these invoices can't provide any basis for receipt of tax amounts for deduction issued iussed by sales person to a customer.
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On filling out the country and origin of goods fields in the part 10 of invoice — for EU
May 27
Letter of Ministry of Finance of Russian Federation of 27.05.2010 г. № 03-07-09/31 with reference to p. 1 article 30 of Customs Code of Russian Federation informs, that in the event of an invoice issued with regards to sale of goods which originate in any other country than Russian Federation, paragraph 10 should contain customs union of countries, for example, European Union, this type of information in part 10 of the invoice does not violate stipulated fill order regulations.
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Explanation on how to fill out incapacity for work form
May 21
Collective letter of MHSD RF of 21.05.2010 (№ 14-6/10/2-4208) and FSS RF (№ 02-03-09/08-1132 P) explains (with a reference to Federal Law of 29.12.2006 № 255-FL "On compulsory social insurance for cases of temporary incapacity for work and maternity"), that taking into account changes in the order of calculating allowances in the column "Average daily wages" of table "Information about wages and salaries", part III on the reverse side of incapacity form sheet, besides daily salary calculated on basis of actual salary of insured person, brackets "()" should contain average daily salary, calculated from marginal base amount for accrual of insurance contributions towards compulsory social insurance fund and cases of temporary incapacity for work and maternity. Besides, since from 2010 maximum allowances of temporary incapacity for work have been cancelled, as well as pregnancy and childbirth, column no. 5 "Daily allowance, calculated from maximum allowance amount" of the table "Entitled for an allowance" part III on the reverse side of incapacity form doesn't have to be filled in.
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Regulation of exemption from Salary Income Tax amounts of reimbursement explained
May 20
The letter of Ministry of Finance of RF of 20.05.2010 № 03-04-06/6-98 states, that since ch. 23 Tax Code of RF (Salary Income Tax) does not specify any reimbursement rates related to use of personal property (incl. vehicles) of employees for business purposes and does not provide any specific regulation, then in terms of applying chapter 3 article 217 Tax Code of RF one should follow the article 188 of Labor Code of RF. |
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On electronic passenger tickets and luggage receipt
May 18
By order of Russian Ministry of Transport of 18.05.2010 № 117 (Ministry of Justice № 17533), it's stipulated that passenger electronic ticket receipt and luggage receipt (automatic IT confirmation statement of an air-delivery) are the documents of strict accountancy and used for organizations and individual entrepreneurs to make cash payments and (or) debit card payments without use of cash register equipment.
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Payments for taxi services are not subject to Salary Income Taxation.
May 14
The letter of MINFIN of RUSSIAN FEDERATION of 14.05.2010 № 03-04-06/1-97 notes that payment for taxi services related to business needs (for instance trips to meet customers etc.) is in the interest of organization itself, not employed taxpayers. Therefore, these amounts are excluded from the income of employed taxpayers and hence not subject to salary income taxation. |
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Starting with 2nd qarter of 2010 certain changes come into power which regarding the order of filling in VAT tax declarations.
April 21
By order of MINFIN of RUSSIAN FEDERATION of 21.04.2010 №36н (MOJ № 17351), which comes into power from the 2nd quarter of 2010 in terms of financial reports, certain changes have been made with regards to order of filling in VAT tax declaration. Changes have been made in terms of specifying transaction codes unrecognized by the object of taxation (sale of shares in authorized capital, provision of monetary loans, assignment of creditor's rights and other operations). |
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Reimbursement for use of personal vehicles is not subject to Insurance fees within the agreed amounts.
March 12
The letter of MHSD of 12.03.2010 г. № 550-19 specifies that reimbursement for use of personal vehicles in business purposes paid according to article 188 of Labor Code RF is not subject to insurance fees ranging within amounts defined by an agreement between the company and its employee (sub. ch. "and" ch. 2 part. 1 article 9 Federal law of 24.07.2009 № 212-ФЗ). Also this reimbursement amount is not subject to any injury contributions. |
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New form of VAT declaration published officially
January 20
Under Constr
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Individual Entrepreneurs on UTII have to submit VAT PIT and UST tax reports
January 13
Under Constr
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Accounting and tax accounting documents can be done electronically and notarized by EDS
December 10, 2009
Under Constr
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Re-registration of Ltd. companies should be entrusted to a lawyer or a specialized organization
November 17, 2009
Under Constr
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Reimbursements to an accounting firm are included in VAT database
October 27, 2009
Under Constr
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No need for a separate VAT entry for sales made outside of Russian Federation
September 28, 2009
Under Const
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September 1, 2009
Under Constr
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Re-registration of LTD’s until 1st of July 2009
August 21, 2009
Uder Const
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Several things to consider when using simplified system of taxation
July 16, 2009
Under Const
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Terms of tax reports for 2009
June 10, 2009
Under Construction
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Russian president states that crisis is to be blamed on accounting imperfections
June 8, 2009
Under Construction
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Should companies with “imposed form of taxation” be granted freedom from accounting?
June 1, 2009
Under Construction
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April 2, 2009
under construction
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Russian Ministry of Finance has developed a bill of changes in accounting policies
March 20, 2009
under construction
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Simplified systems of taxation stock companies are also liable to have accounting
March 13, 2009
under construction
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February 26, 2009
under construction
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February 10, 2009
under construction
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January 31, 2009
under construction
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January 26, 2009
Under construction
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January 11, 2009
Under construction
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December 15, 2008
Under construction.
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December 3, 2008
Under construction
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December 2, 2008
under construction
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November 20, 2008
Under construction
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Минфин издал Приказ "Об утверждении положений по бухгалтерскому учету"
November 10, 2008
Under construction
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October 31, 2008
Under construction
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October 14, 2008
Under construction
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October 7, 2008
Under construction
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October 1, 2008
Under construction
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September 25, 2008
Under construction
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September 11, 2008
Under construction
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September 1, 2008
Under construction
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August 18, 2008
Under construction
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ФНС России в письме № ШС-6-3/381 от 26.05.2008 «О направлении письма Минфина России 25.04.2008 № 03-02-07/2-76» направила для сведения письмо Минфина России, в котором финансовым ведомством были разъясне
July 24, 2008
Under Constraction
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Налоговики могут ввести еще один вид контроля над бизнесом
April 16, 2008
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April 7, 2008
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April 2, 2008
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March 24, 2008
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March 17, 2008
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March 10, 2008
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November 22, 2007
eng
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November 16, 2007
eng
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June 7, 2005
Under construction
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