On Introducing Changes And Additions Into The Law Of The Russian Federation "on Value Added Tax"

Original Language Title: О внесении изменений и дополнений в Закон Российской Федерации "О налоге на добавленную стоимость"

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Expired-the Federal law from 05.08.2000 N 118-FZ of the RUSSIAN FEDERATION FEDERAL LAW on amendments and additions to the Russian Federation law "on value added tax" passed by the State Duma on November 11, 1994 year approved by the Federation Council November 17, 1994 year, Article 1. To make the Russian Federation law "on value added tax" (records of the RSFSR Congress of people's deputies and the Supreme Soviet of the RSFSR, 1991, no. 52, art. 1871; Gazette of the Congress of people's deputies of the Russian Federation and the Supreme Soviet of the Russian Federation, 1992, no. 23, art. 1229; N 34, art. 1976; 1993, N 4, art. 118; N 11, art. 387; N 14, art. 486) the following amendments and supplements: 1. the third paragraph of article 4, paragraph 1 shall be amended as follows: "for enterprises engaged in the realization of goods (works, services) at prices not exceeding the actual cost for tax purposes is accepted by the market price for similar products (works, services), prevailing at the time of implementation, but not lower than the actual cost.
If the enterprise could not implement products at prices above cost because of lower quality or consumer properties (including obsolescence) or if the prevailing market prices for the same or similar products were lower than the actual cost of the product, for the purposes of taxation is applied to the actual selling price of the product.
If the enterprise during the 30 days prior to the sale of products at prices not higher than its actual cost, implemented (was) similar products at prices higher than its actual cost, for all transactions for tax purposes apply prices, calculated from the maximum sale prices for this product.
In the case of selling products below cost (acquisition cost) arising out of the negative difference between the amounts of income tax, paid to suppliers, and the amounts of the tax calculated on the sale of goods applies to profits, remaining at the disposal of enterprises after payment of income tax, and payments, credit, or refund from the budget.
When implementing enterprises exchange products (works, services) or transfer of donated annual taxable turnover is determined on the basis of the average sale prices of such or similar products (works, services), calculated for the month in which the specified transaction was carried out, and in the absence of such or similar products (works, services) per month-based on the price of its latest implementation, but not lower than the actual cost.
If the company exchanges once again developed products that previously was not performed, or exchanges the purchased products, for the purpose of taxation was adopted, the actual market price for similar products, but not lower than its actual cost. ".
2. In article 5, paragraph 1: sub-paragraph a "t", the words "household goods passed to the Soviets of people's Deputies" were replaced by the words "housing and utilities, as well as roads, electricity grids, substations, gas networks, intakes and other similar objects, transferred gratuitously to the public authorities (or their address the specialized enterprises engaged in the use or operation of the specified objects by their purpose) and local authorities, as well as transferred gratuitously to enterprises the organs, organizations and bodies of State power and bodies of local self-government ";
second paragraph subparagraph "щ" after the words "equipment and instruments used for research purposes, only at the time of customs clearance;" Add the words "technological equipment, spare parts to it; public transport and spare parts thereto; special vehicles for needs of medical first aid, fire protection, internal affairs bodies; ".
3. In article 7: in the first subparagraph of paragraph 3, the words "within the overall revenues of the tax" should be replaced by the words "within the overall tax payments".
Article 2. This federal law shall enter into force from the moment of its official publication.
In connection with the entry into force of this federal law: 1. invite the President of the Russian Federation to bring into compliance with this federal law decrees adopted on matters of taxation.
2. To entrust the Government of the Russian Federation to bring into compliance with this federal law normative legal acts adopted on matters of taxation.
Russian President Boris Yeltsin in Moscow, the Kremlin December 6, 1994 N 57-FZ

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