Regulatory Alerts1996-08-09 | ПФ-1504Added
On Measures to Increase the Liability of Business Entities for Settlements with the Budget
The decree grants the State Tax Committee the authority to recover tax and budget debts from the property of debtor enterprises and mandates commercial banks to ensure timely payments and sell foreign currency funds to cover budget liabilities when local currency is insufficient. It establishes that exported goods are considered sold 60 days after crossing the border, requiring all related taxes to be paid, and prohibits the use of cash for refunds related to suspended contracts or promissory notes. Additionally, it bans the conclusion of barter contracts for product delivery within the Republic effective from September 1, 1996, and requires the Ministry of Finance to introduce excise tax inspector positions at large producing enterprises starting January 1, 1997.
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