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Official Letter No. BG-6-02/506@ of 2001 of the Ministry of Taxes and Dues regarding expenses in connection with purchase of the quotas for the catch of aquatic biodiversity (cost of the purchased lots, stock dues).

Country/Territory
Russian Federation
Document type
Miscellaneous
Date
2001
Source
FAO, FAOLEX
Subject
Fisheries
Keyword
Biodiversity Allocation/quota Marine fisheries Tax/levy Fishery management and conservation
Geographical area
Arctic, Asia and the Pacific, Black Sea, Caspian Sea, CIS (Commonwealth of Independent States), Eastern Europe, Europe, Europe and Central Asia, North Pacific, North-West Pacific
Entry into force notes
Entry into force from the date of issue.
Abstract

The Ministry of Taxes and Dues, in connection with requests of fiscal institutions and taxpayers as regards the lawfulness of ascribing to production cost (produce, service) of the cost of purchase of the acquired lots and of stock dues, gives the following communication. The purchase of quotas for the catch of aquatic biodiversity and the assignation of the respective licence is the condition for carrying out of economic activity by a given organization. On the grounds of the aforesaid premise the expenses in connection with the purchase of quotas for the catch of aquatic biodiversity (cost of the purchased lots) can be ascribed to production cost of (caught/harvested aquatic biodiversity) in proportion to the amount of catch of single species.

Full text
Russian

References - Legislation

Implements

Ministerial Decree No. 1010 of 2000 regarding quotas for fishing (harvest) of aquatic biodiversity in the internal sea, territorial sea, continental shelf and Exclusive Economic Zone of the Russian Federation.

Legislation | Russian Federation | 2000

Keyword: Allocation/quota, Total allowable catch, Marine fisheries, EEZ-Exclusive Economic Zone, Territorial sea, Continental shelf, Fishery management and conservation, Maritime zone

Source: FAO, FAOLEX