Of the tax code of the Russian f eration. This normative act affects the calculation of bank income tax. According to it, the following changes have been made: fee accounting for partial repayment of the face value of debt securities; normalization of interest on repurchase transactions; proc ures for determining the price of certain types of transactions for tax accounting purposes. Partial repayment is also a kind of implementation. The law has amend the tax law to take the date of actual receipt of income in the form of partial repayment of face value as the sale date.
The amount paid by
The taxpayer when acquiring securities is recogniz as Bahamas Email List an expense in proportion to the share paid to the securities. Notional value at the date of acquisition. At the same time, the original accounting proc ures will be retain for the purchas securities that have been partially r eem before the year. Expenses for partial repayments are account for in the new register in accordance with the following rules: balances as of the reporting date and expenses for securities in placements are record in the accrual register. Expenses incurr on the sale of securities as of the reporting date are record in the sales register.
Other laws fundamentally change
The for accounting BTC Database US for interest for tax purposes while separately emphasizing the situation when a bank is one of the participants in a transaction. The tax law stipulates that the interest calculat according to the actual interest rate for the bank’s own transactions can be recogniz as income if the interest rate exce s the minimum value of the limit range. If the actual rate is less than the maximum value of the limit value range, the fee can be confirm as a percentage calculat from the actual rate.
