LETTER OF THE FEDERAL TAX SERVICE OF THE RUSSIAN FEDERATION

of April 3, 2013 No. ED-4-3/5876 @

About transaction codes which should be specified in Section 7 of the declaration on the VAT in connection with amendment of article 149 Tax Code of the Russian Federation Item 12. 2, the VAT of the services rendered by registrars, depositaries providing release from the taxation in case of clearing activities

The Federal Tax Service in connection with the changes brought by the Federal Law of 28.07.2012 N 145-FZ "About modification of separate legal acts of the Russian Federation" (further - the Federal Law N 145-FZ) in article 149 of the Tax Code of the Russian Federation (further - the Code), reports the following.

According to article 3 of the Federal law N 145-FZ Item 2 of article 149 of the Code is added with subitem 12. According to which 2, the following services rendered in the security market, the goods and foreign exchange markets are not subject to the taxation the value added tax:

- the services rendered by registrars, depositaries including specialized depositaries and the central depositary, the dealers, brokers managing securities, managing companies of investment funds, mutual investment funds and non-state pension funds, the clearing organizations, organizers of trade based on licenses for implementation of the corresponding types of activity;

- the services rendered by the specified organizations, which are directly connected with the services rendered by them within the licensed activities (according to the list established by the Government of the Russian Federation);

- services in carrying out, control and accounting of commodity deliveries in the obligations allowed to clearing the rendered operators of commodity deliveries who obtained accreditation according to the Federal Law of February 7, 2011 N 7-FZ "About clearing and clearing activities";

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