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Expired-the Federal law dated 06.08.2001 g. N 110-FZ RUSSIAN FEDERATION FEDERAL LAW on amendments to article 2 of the law of the Russian Federation "about tax on profit of enterprises and organizations" adopted by the State Duma July 15, 1998 the year approved by the Federation Council July 17, 1998 year Article 1. To amend article 2 of the law of the Russian Federation "about tax on profit of enterprises and organizations" (records of the Congress of people's deputies of the Russian Federation and the Supreme Soviet of the Russian Federation, 1992, no. 11, p. 525; N 34, art. 1976; 1993, N 4, art. 118; Collection of laws of the Russian Federation, 1994, no. 32, St. 3304; 1995, N 18, art. 1592; N 26, art. 2402; 1996, N 1, art. 4, 20; 1997, no. 3, art. 357; N 26, art. 2953) follows: 1. paragraph 4 of article 2 to supplement paragraphs read as follows: "profit (loss) from sales of securities, futures and option contracts shall be determined as the difference between the cost of implementation and acquisition price, taking into account pay for their purchase and implementation.
On shares and bonds circulating in the organized securities market, the market price of which shall be determined in accordance with the Federal law "on securities market" losses from the sale of (retirement) at a price not lower than the prescribed limit boundaries of fluctuations of market prices can be attributed to the decrease in income from the sale of (retirement) this category of securities.
For stock futures and option contracts concluded in order to reduce the risk of changes in market prices of the subject transaction (the underlying asset) in the period of the trade these contracts, revenue from the sale of a futures or option contract or making payments on them increases, and the losses reduce the taxable base on the base asset. Condition for acceptance of the transaction by transaction in order to reduce the risks of price changes of the underlying asset is its listing in accordance with the requirements and in accordance with established federal executive body engaged in regulating operations with futures and option contracts.
Loss from sale of futures and options contracts not in order to reduce price risk can be attributed to the decrease in profit only within income from sale of listed futures and option contracts.
2. paragraph 5 shall be amended as follows: "5. 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.
In defining and recognizing the market prices of goods (works, services) are the official sources of information on market prices for the products (works, services) and stock quotes, Infobase of State authorities and local self-government bodies and information provided by taxpayers to the tax authorities.
When implementing enterprises exchange products (works, services) or transfer proceeds donated for tax purposes 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 the last implementation.
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.
T s t b I 2. This federal law shall enter into force on the day of its official publication.
The President of the Russian Federation and to entrust the Government of the Russian Federation to bring its normative acts in compliance with this federal law.
The President of the Russian Federation, b. Yeltsin, Kremlin, Moscow, N 141 July 31, 1998-FZ
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