INSTRUCTION OF THE CENTRAL BANK OF RUSSIA

of June 20, 2007 No. 1843-U

About the extreme amount of payments with cash and expenditure of the cash which arrived in cash desk of the legal entity or cash desk of the individual entrepreneur

Based on article 4 of the Federal law "About the Central Bank Russian Federation (Bank of Russia)" (Russian Federation Code, 2002, N 28, Art. 2790; 2004, N 31, Art. 3233; 2006, N 25, the Art. 2648) and according to the solution of the Board of directors of the Bank of Russia (the minutes of the Board of directors of the Bank of Russia of June 18, 2007 N 13) the Bank of Russia establishes the following.

1. Payments with cash in the Russian Federation between legal entities, and also between the legal entity and the citizen performing business activity without formation of legal entity (further - the individual entrepreneur), between individual entrepreneurs, connected with implementation of business activity by them, within one agreement signed between specified persons can be made in the amount of, not exceeding 100 thousand rubles.

2. Legal entities and individual entrepreneurs can spend the cash which arrived in their cash desks for the goods sold by them the works performed by them and services rendered by them, and also insurance premiums for the salary, other payments to workers (including social nature), grants, traveling expenses, for payment of goods (except securities), works, services, payment for the services paid earlier in cash and returned goods, outstanding works, not rendered, payment of insurance indemnities (insurance sums) for insurance contracts of physical persons taking into account provisions of Item of 1 this Instruction.

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