We are informing our readers about the most important changes in Russian legislation: news about VAT, property tax, cash transactions, primary documentation, etc.

1. Changes in the tax legislation of Russian Federation – beginning of 2014
1. VAT
Amendments are introduced in the Federal Law of 28.12.13 No 420-FZ
Since the 1st of January of 2014 taxpayers are not obliged to issue facture-invoices for operations which are not
liable to VAT. This rule refers to such operations as:
• leasing of premises in the territory of Russia to foreign citizens and companies accredited in RF in case if the
same privilege is applicable to citizens of Russia and Russian companies in the states of residency of these
foreigners/companies;
• leasing of living accommodations;
• maintenance services for ships in ports;
• distribution of goods for advertizing purposes;
• warranty repair;
• sale of shares in Charter Capital;
• sales of medical goods and services;
• etc.
2. Cash transactions
Changes are introduced in the Notification of Central Bank of Russia of 11.03.14 № 3210-U.
Since the 1st of June of 2014 the order of cash transactions will change. There will be less details in the cash
book: no need to fill in corresponding accounts. Formats of other cash documents are also simplified: graphs of
corresponding accounts are cancelled; petty cash receipts will not have detachable part. Provisions about cash
limits will remain the same.
3. Bank accounts
Changes are introduced in the Federal Law of 02.04.2014 № 52-FZ
Since the 2nd of May of 2014 companies are not obliged to inform tax authorities, Pension Fund of Russia and
Social Fund of Russia about opening and closing of their bank accounts. Fines for these actions will not be
applicable.
4. Salaries
Changes are introduced in the Federal Law of 02.04.14 № 55-FZ
Labor Code of Russia was amended. For the calculation of vacation payments it is needed to use average
amount of days in months equal to 29.3 (before the changes it was 29.4). This means that vacation payments
will increase slightly. The changes came into force since 2nd of April of 2014.
Interesting topics
2014_04_29

2. 5. Multipurpose Transfer Document
Information is based on the Letters of Federal Tax Service of 21.10.13 № ММV-20-3/96@ and of 05.03.14 №
GD-4-3/3987@.
Based on the recommendations of Federal Tax Service (FTS) companies are entitled to use Multipurpose Transfer
Document (MTD) which combines a facture-invoice and an act as well as other primary documents for transfer of
tangible assets which were previously required by legislation (formats TORG-12, M-15, OC-1, TTN).
FTS recommended the format of MTD and also clarifed that MTD can be used as substantiation for justification
of costs for the purpose of income tax calculation.
6. Cancellation of business trips certificates and other simplifications of tax administration
Information is based on the Government Decree of 10.02.14 No 162-r
The Government of RF developed and confirmed the plan for simplification of tax administration implementation
of which will take place in 2014 -2015 years. According to this plan some rules of accounting and taxation will be
changed, the investment climate in Russia will improve. Among the most interesting changes are the following:
• Cancellation of business trip certificate (now this document is obligatory for justification of business trip
costs);
• Prolongation of deadlines for submission of tax declarations: 5 business days more – for declarations in
paper format, 10 business days more – for declarations in electronic format;
• Publication of new formats of tax reporting 2 months beforehand the tax periods when new formats shall be
used;
• VAT-deductions based on facture-invoices referred to the finished tax period and received after it but before
the deadline for VAT-reporting;
• Issuance of consolidated facture-invoices by agents to principals;
• Obligatory tax-reporting in electronic format for companies which have in staff more than 50 employees;
• Recognition of costs regardless of minor errors in primary documents.
7. Property tax
Information is based on the Letters of the Ministry of Finance of RF of 17.02.14 № 03-05-05-01/6376, of
19.02.14 № 03-05-05-01/6958, of 26.02.14 № 03-05-05-01/8066. Amendments to the Tax Code are
introduced in the Federal Law of 2.11.2013 No 307-FZ
Starting from the 1st of January of 2014 property tax have to be calculated on the basis of “cadastral value” of
real estate with respect to the following properties:
• administrative and business centers and shopping centers and facilities in them;
• non-residential premises which are intended or actually used for offices, retail facilities, catering facilities and
consumer services;
• real estate of foreign companies which do not operate in Russia through permanent establishments and real
estate of foreign companies not related to the activities of these companies in Russia though permanent
establishments.
• According to the legislation the authorized executive body of the Subject of RF not later than the 1st day of
the tax period has to issue a list of objects of real estate for which the tax base is calculated as the cadastral
value. This list is sent in electronic format to the tax authorities at the places where proper objects of real

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estate are located. The mentioned list of real estate is also published on the official website of this executive
body or official website of the Subject of RF in Internet.
According to the latest explanations of the Ministry of Finance of RF property tax has to be calculated based on
cadastral value for all properties comprised in the mentioned list, including the objects which are not classified
as real estate according to the proper technical documentation. Companies may apply to the regional authorities
with the requirement to remove the object of property from the list.
The Ministry of Finance of RF clarified also the order of calculation of property tax in respect of capital
investments in the form of permanent improvements in the leased property for which property tax is calculated
based on cadastral value. Property tax for such investments has to be calculated based on the balance value of
investments.
In case if a company owns premises in the building tax base of which is defined as a cadastral value, then
property tax for these premises has to be calculated based on the proportion of flow space of premises in the
common area of the building.
8. Official publication of laws in Internet
Changes are introduced in the Decree of President of 02.04.14 No 198
Starting from the 1st of September of 2014 laws and other legal acts of RF will be published on the “Official
Internet-portal of legal information” – www.pravo.gov.ru. Publication of laws and other legal acts will be done
within 10 days from the date of signing and will be considered as their official publication.
9. Information about companies in Internet
Changes are introduced in the Order of Ministry of Finance of RF of 05.12.13 No 115n
Information about companies will be published by Tax Office on its official internet website www.nalog.ru.
The information will include name of a company, address, information about shareholders, Charter Capital,
identification and statistical codes, information about licenses, liquidation, etc.
* The articles and information in this newsletter are provided as general guidelines and may be subject to change. They are not intended to act as a
replacement or substitute for professional advice. You should contact our Accountor advisors to discuss any actions you may wish to take based on the
information included in this publication. Accountor disclaims any responsibility for actions taken on this information alone.