Accepted at the twenty third plenary session of Inter-parliamentary Assembly of the State Parties of the CIS
(The resolution of April 17, 2004 No. 23-11)

THE MODEL TAX CODE FOR THE STATE PARTIES OF THE CIS

Special part

Chapter 5. Income tax

Article 1. Taxpayers

Taxpayers of the income tax (further in this Chapter - tax) the national and foreign organizations, and also, are recognized the procedure established by the national legal system, the divisions and other organizations created by them, except for national (central) bank of the country.

Article 2. Taxation object

1. The taxation object for the national organizations the profit got in the territory of the country and beyond its limits is considered.

2. The taxation object for the foreign organizations the profit got from country sources is considered.

Article 3. Tax base

Tax base in the context of this Chapter monetary value of the profit representing difference between the gross income of the taxpayer and deductions established by this Chapter is recognized.

Article 4. Tax period

Tax period on tax calendar year is recognized.

Article 5. Gross income

The gross income is the total amount of all income of the taxpayer gained in reporting year irrespective of sources of their obtaining.

In the context of this Chapter:

a) increase in assets or reduction of the obligations in reporting year leading to increase in its equity is considered the income of the taxpayer;

b) equity of the taxpayer the difference between assets and liabilities is considered.

Any means belonging to him on the property rights - property (tangible assets), property rights and the personal non-property rights (intangible assets) connected with property rights, foreign currency, securities, receivables and other property are considered as assets of the taxpayer.

Any debts which are available for him are considered as obligations of the taxpayer (the credit, accounts payable, the tax liability and so forth).

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