Tax News Reporter - 8 October 1995

Individual Income Tax/Business Trip Allowances

The norms for daily and accommodation allowances for Russian employee business trips have been increased with effect from 1 August 1995.

(Amendments N 75 to Letter N 61 of the Ministry of Finance)

Pension Fund Contributions / Individual Entrepreneurs

The Supreme Arbitration Court has issued a letter clarifying that where a company reimburses an individual entrepreneur for works performed under a civil law contract, both the company and the entrepreneur are liable to make contributions to the Pension Fund.

(Letter of Russian Federation Supreme Arbitration Court N C1-7/O_-470 dated 15 August 1995)

Accounting / Filing of Consolidated Accounts