The Ministry of Finance has answered an official question that a certain
organization must act as the tax agent and pay PIT for employees that
work at its Libyan branch if the branch had been created and registered
by the organization in Libya. This concerns Russian citizens who work in
foreign branches as their primary place of business according to their
employment contracts. This is according to Letter #03-04-06/6-80 dated
April 21, 2010.

In cases where a foreign company licenses its trademarks to a Russian
organization, Russia is considered the location where these services
took place for calculating taxes on this. If the Russian organization
pays a vendor that later on will be added to its account for payment for
services under the contract, then the Ministry of Finance considers this
a preliminary payment of services. Therefore, a non-resident must pay
VAT on these prepayments.

Since July, 1st, 2010 in territory of the Russian Federation the Customs code of the Custom union which norms have direct action is entered. The Customs Code of Russia until its repeal operates to the extent not inconsistent with the Customs code of the Custom union, notes Federal Customs Service of Russia in a letter dated 29.06.2010 № 01-11/31847.

In connection with the entry into force of the Customs Code of the Customs Union changed the rules for importing goods into the Customs Union countries for individuals.

The new rules are established by Agreement of the member-countries of the Union for the displacement of individuals of goods for personal use through the customs border of the Customs Union and the perpetration of customs operations connected with their release, the press-service of Far Eastern Customs Administration informs. 

Duties on import of cars for the Belarusian individuals will remain stable until July 1, 2011. The decision is enshrined in the Protocol on certain temporary exemptions from the regime of a single customs territory of the Customs Union, the agency BELTA informs.

           From 1 July 2010 entered into force "Customs union agreement on sanitary measures" between the Government of Russia, the Government of the Republic of Belarus and the Government of the Republic of Kazakhstan on December 11, 2009 and Decisions of the Commission of the customs union on May 28, 2010 № 299 "On the application of sanitary measures of Custom Union".

            Available of Vedomosti was a letter addressed to the Executive Secretary of the Commission of the Customs Union of Russia, Belarus and Kazakhstan, Sergei Glazyev signed by the first deputy general director of the Russian Postal Denis Chuyko. It refers to the current July 5, customs agreements between countries. The agreement assumes that the "designated telecommunications operator" of Russia - "Russian Post" and similar postal company of two other countries of the Union guarantee delivery of international postal mail from the moment they enter the territory of their country.

Business seminar «The Taxation of the foreign organizations and representative offices of foreign incorporated bodies in the Russian Federation» in Chamber of Commerce and Industry of the Russian Federation

The time of execution of the seminar
September, 14st 2010 10.00 till 17.00

Audience: program is designed for of the chiefs, the workers of accounts departments and financial services of foreign offices, the workers of the embassies of foreign countries as well as all interested persons.

Lecturers: at a seminar practising employees of the Ministry of Finance of the Russian Federation, Federal tax service of the Russian Federation, Chamber of Commerce and Industry of Russian Federation, tax advisers and auditors of "AK MarkPrior" will act.
 

International Chamber of Commerce - The World Business Organization (ICC) declared release of new edition of Rules of use of national and international trading terms Incoterms 2010. New rules come into force on January, 1st, 2011.

Rules Incoterms (from «International Commercial Terms») have been presented for the first time by ICC in 1936, having defined responsibility of the seller and the buyer by delivery of the goods to help participants of international trade to avoid divergences. Representing absolutely new concept for the sphere regulated by local rules of law, Incoterms became sensation in the international business community as they became the first real attempt to bring legal definiteness in trading agreements, simplifying process of drawing up of the international contracts.
 

 The Central Bank of Russia's (CBR) board of directors decided to leave its refinancing rate at 8.25%, CBR said in a statement today. Other rates on CBR's transactions have also remained unchanged.

 The Central Bank of Russia's (CBR) board of directors decided to leave its refinancing rate at 8.25%, CBR said in a statement today. Other rates on CBR's transactions have also remained unchanged.