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On Introducing Changes And Additions Into The Law Of The Russian Federation "about Tax On Profit Of Enterprises And Organizations"

Original Language Title: О внесении изменений и дополнений в Закон Российской Федерации "О налоге на прибыль предприятий и организаций"

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Spspent power-Federal Law September 6, 2001 N 110-FZ (from 1 January 2002) > RUSSIAN FEDERATION FEDERAL LAW On Amendments and Additions to the Law of the Russian Federation " On Profit Tax enterprises and organizations " Adopted by the State Duma on 12 March 1999 Approved by the Federation Council on 17 March 1999 Article 1. OF THE PRESIDENT OF THE RUSSIAN FEDERATION of the Russian Federation, 1992, No. 525; N 34, sect. 1976; 1993, 118; Legislative Assembly of the Russian Federation, 1994, No. 27, art. 2823; N 32, sect. 3304; 1995, N 18, sect. 1592; N 26, st. 2402, 2403; N 49, sect. 4695; 1996, N 1, sect. 4, sect. 20; N 51, est. 5682; 1997, N 3, est. .357; N 26, est. 2953; 1998, N 31, sect. 3819, 3821, 3825; 1999, N 1, st. 1, N 2, st. 237; N 7, 100. 879; Russian newspaper, 1999, 5 March, N 43) as follows: 1. In article 2: 1), in paragraph 4: in the seventh paragraph: after the words "the buy-back" should be supplemented with the words ", including innovation," after the words ", subject to reinvestment", in the paragraph reading: "received from them (novations) to newly issued government securities."; to be supplemented with the following sentence: " Not included in the tax base money payable to redemption (repayments), including innovations, to the owners of the securities in the the quality of the partial refund by the State of its costs of the acquisition of GCO and OFZ. "; paragraph 8 should read as follows: " When implemented by the primary owners of public securities received in the result of the reinvestment, the profit (loss) is defined as the difference between the price of the sales and their paid value, taking into account the costs associated with the implementation. The paid value of government securities acquired through reinvestment (innovation) recognizes the value equal to the actual costs of the investor for the acquisition of GCO and OFZ, paid out by the purchase or the innovation, reduced by Amount of money received on restructuring (innovation). The paid value of one government securities acquired as a result of restructuring (innovation) is defined as the paid value of all received government securities divided by the quantity. In the calculation of the primary owners of income on government securities received as a result of reinvestment (innovation), when they are repaid, including when the bonds of a federal bond with a fixed-coupon income (OFPRA) are issued. the payment of arrears in taxes, fines and penalties to the federal budget, additionally from the price (nominal value of the repayable securities), excludes the share of the interest income due on the OFZ and the difference between the price acquisition price for GEO included in nominal value State securities received as a result of restructuring (novations) per securities acquired as a result of restructuring (novations). "; 2), paragraph 6 should be supplemented with the following paragraphs: " Donations received by enterprises from foreign investors to finance capital investments of a production facility, provided that they are used within one year of receipt. If funds received are not used, or if they are not used within one year of receipt, they are subject to taxation as part of the unrealized income in the reporting period in which the untied The use of these funds or their intended use expired; funds received by the Russian organization from shareholders (founders, participants) to cover the loss resulting from the annual accounting period of the report for the year 1998. "...................... Article 5 should read as follows: " Article 5. The tax on the profits of enterprises and organizations credited to the federal budget is set at 11 per cent. The budgets of the constituent entities of the Russian Federation levy a tax on the profits of enterprises and organizations (including foreign legal entities) at the rates established by legislative (representative) bodies of the constituent entities of the Russian Federation. The Federation, which is not more than 19 per cent, and not more than 27 per cent for profit from intermediaries and transactions, insurers, bourses, brokerage offices, banks and other credit organizations. " 3. In article 6: 1), in paragraph 1: to supplement the paragraph with a new subparagraph (d) reading: " (d) directed by scientific organizations that have undergone State accreditation directly to conduct and development Research and development work in the order and list established by the Government of the Russian Federation; "; subparagraphs (d) to read as subparagraphs (e)" (e) "; 2) in paragraph 5: first after the word "accounting report" In the words "(except for loss of securities)"; add a paragraph to read as follows: " Primary participants in the market of securities that have lost in the restructuring (novation) of the GCO and The OFZ, as well as in the implementation of government securities received as a result of restructuring (novation), is entitled to repay this loss on the proceeds of the sale of securities of both the applicant and non-traded securities market of the securities. "; 3) paragraph 6, to be added to the next paragraph Content: " received from the newly created production (except for the production of trade, supply and brokering activities of the organizations), for a period of return, but not more than three years. The newly created production recognizes the production allocated to a separate structural unit based on new (acquired or constructed) production facilities, the value of which exceeds $20 million. In the case of a technical and economic justification, agreed with the executive authorities of the constituent entities of the Russian Federation. It is not recognized by the newly created production, based on the production capacity acquired as a property complex. "; 4), paragraph 7 should read: " 7. The tax exemptions set out in paragraphs 1 (except for "g", "d" and "e") and 5 of this article, together, should not reduce the actual amount of the tax, calculated without taking into account tax breaks, by more than 50 per cent. "; (5) Paragraph 9 should read: " 9. State authorities of the constituent entities of the Russian Federation may grant tax benefits only in the manner and under the conditions provided for in the first Tax Code of the Russian Federation. ". In the second subparagraph of article 9, paragraph 1: , after the word "redemption", add ", including innovation,"; words "with nominal value and cost" "; , after the words" subject to reinvestment of the received ", the following wording:" The reinvestment (s) into the newly issued government securities. " Article 2. This Federal Act effective 1 April 1999. " To invite the President of the Russian Federation and instruct the Government of the Russian Federation to bring its normative legal acts into conformity with this Federal Law. President of the Russian Federation B. Yeltsin Moscow, Kremlin , 31 March 1999 N 62-FZ