New amendments to Part II RF TC: simplification of tax accounting and harmonisation with bookkeeping
On 20 April 2014, the Russial Federation president signed Federal Law No. 81-FZ on Amendments to Part II RF TC. The law is intended to simplify tax accounting and harmonise it with bookkeeping.
The notion of ‘sum difference’ has disappeared from tax accounting, while provisions on claims/obligations payable in rubles have been included by the new law in the respective sections on accounting for exchange rate differences (articles 250, 265, 271, 272 RF TC). As a result, the rules on accounting for exchange rate differences are now the same, irrespective of whether the claim/obligation is paid in rubles or foreign currency…
Click on the link below to read the rest of the Dentons briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Dentons
News from The Lawyer
Briefings from Dentons
On 13 January 2015, the Government announced that a new Electronic Communications Code has been inserted into the Infrastructure Bill.
Ontario’s Divisional Court has decided that the Workplace Safety and Insurance Act’s age cut-off for loss of earnings benefits for older workers did not violate the Canadian Charter of Rights and Freedoms.
Analysis from The Lawyer
Life in Canada is getting harder for firms as commodities prices fall and work volumes slow
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all