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 10 February 1999 Approved by the Federation Council on 18 February 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 29, st. 3010; N 32, sect. 3304; 1995, N 18, sect. 1592; N 26, st. 2402, 2403; N 49, sect. 4695; 1996, N 1, sect. 4, 20; N 51, est. 5682; 1997, N 3, est. .357; N 26, est. 2953; 1998, N 31, sect. 3819, 3821, 3825; N 47, st. 5702; 1999, N 1, article 1; N 2, est. 237) the following changes and additions: 1. Article 2 should be supplemented with paragraphs 14 and 15 reading: " 14. In determining the taxable basis for the calculation of the actual income tax for 1998, currency exchange transactions and foreign exchange transactions incurred during the period from 1 August 1998 to 31 December 1998, irrespective of The accounting policy used to reflect these differences in accounting transactions is taken into account in the following order: if enterprises and organizations, including credit organizations, when comparing the amount of positive Foreign exchange differences and the amount of negative exchange differences positive exchange differences over the amount of negative exchange differences, the taxable basis for calculating the tax is reduced by the amount of the excess; in the case of enterprises and organizations, including credit organizations, comparison of the amount of positive exchange differences and the amount of negative exchange differences results in an excess of negative exchange differences over the amount of positive exchange differences, the taxable basis for the calculation of the tax is determined in general No further adjustment, and the above excess is recognized as a loss on exchange differences. 15. In calculating the taxable basis for the calculation of taxes by the enterprises and organizations that are the primary holders of the bonds of the domestic government bond issue (hereinafter referred to as OCE), gross profit is reduced by the whole amount Positive exchange rate differences resulting from a change in the exchange rate of the ruble relative to the Central Bank of the Russian Federation, which has arisen from the moment of foreign currency entering into an enterprise or organization and up to the time of OCE to be balanced by an enterprise or organization at their balance (repayments or other disposals) as well as losses arising from the cancellation of the OCE from the balance of an enterprise or organization at a price lower than the balance, but within the market price. ". 2. Article 6, paragraph 5, should read: " 5. For enterprises and organizations that received a loss in the previous year (according to the annual accounting report), the tax is exempt from the tax portion of the profits aimed at covering it over the next five years (subject to full use These are the purposes of the reserve and other similar funds established under the legislation of the Russian Federation. When determining the size of the specified tax benefit, the company or organization suffered losses from the sale of its products (works, services), and for 1998 there is also a loss on exchange rate differences Article 2, paragraph 14, of this Law. The calculation shall not take into account any loss arising from the concealment or underestimation of the profit, loss suffered prior to 1 January 1996 as a result of the excess of actual labour costs as compared to their normalized value, as well as the loss, OF THE PRESIDENT OF THE RUSSIAN FEDERATION In article 8: paragraph 2, add a new paragraph fourth indent: " To the sum of return for the third and fourth quarters of 1998, calculated as the difference between the advance tax and the amount of the tax to be paid in (a) A budget for the actual profit resulting from the decrease in actual gains in excess of currency exchange losses over the period from 1 August 1998 to 31 December 1998. OF THE PRESIDENT OF THE RUSSIAN FEDERATION Bank credit is not used. "; paragraphs 4 to 9 are considered as paragraphs 5 to 10, respectively. Article 2. This Federal Law shall enter into force on the date of its official publication. Article 1, paragraph 1, paragraph 1, of this Federal Act applies to legal relations that have arisen since 1 July 1992. In this case, the amount of the refund and set-off taxes paid before the entry into force of this Federal Act is not subject to tax payments. " 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 3 March 1999 N 45-FZ