The Government has introduced new rates of excise tax on import of cigarettes and motor vehicles. The new rate for cigarettes and cigars is 2 ECU per 1000 and will apply from 1 December 1995. New rates for motor vehicles varying between 10 and 25% became effective on 1 October 1995.
(Regulation of the Government of RF No 1008 dated 13 October 1995)
Customs Duties / Temporary Importation Regime
The Customs Committee has issued a decree instructing customs posts to check the legitimacy of claims for full or partial exemption from customs duties and taxes under the temporary importation regime. Where any infringement of the rules of the regime is identified, unpaid liabilities will be collected, but it appears that no penalties or interest will be charged.
(Decree of State Customs Committee of RF N 01-12/1314 dated 2 November 1995)
Currency regulation / Customs Brokers
The Central Bank of Russia has issued a letter confirming that only the person declaring imported goods (the importer or customs agent) can make customs payments in hard currency without needing a CBR licence. Where payments are made by a person other than the declarant, a CBR licence is required. The letter also states that the reimbursement of customs payments by an importer to a customs agent should be made in roubles.
(CBR Letter N 12 -10-1/1174 dated 29 September 1995)
Legal developments are reported in Tax News Reporter on official publication. This may be long after the law is issued.
This publication is intended for general guidance only and should not form the basis of specific decisions.
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