FEDERAL LAW OF THE RUSSIAN FEDERATION

of November 30, 2016 No. 405-FZ

About introduction of amendments to article 266 parts two of the Tax Code of the Russian Federation

Accepted by the State Duma on November 16, 2016

Approved by the Federation Council on November 29, 2016

Article 1

Bring 266 parts two of the Tax Code of the Russian Federation in Article (The Russian Federation Code, 2000, No. 32, Art. 3340; 2001, No. 33, Art. 3413; 2002, No. 22, Art. 2026; 2005, No. 24, Art. 2312; 2006, No. 31, Art. 3436; 2012, No. 49, Art. 6751; 2013, No. 44, Art. 5640; No. 52, Art. 6985) following changes:

1) in item 4:

a) the fifth to state the paragraph in the following edition:

"At the same time the amount of the created doubtful debt allowance estimated following the results of tax period cannot exceed 10 percent from revenue for the specified tax period determined according to article 249 of this Code (for banks, credit consumer cooperatives and the microfinancial organizations - from the amount of the income determined according to this Chapter, except for the income in type of the recovered reserves). In case of calculation of doubtful debt allowance during tax period following the results of the accounting periods its amount cannot exceed big of sizes - 10 percent from revenue for the previous tax period or 10 percent from revenue for the current accounting period.";

b) in paragraph six of the word "it can be used" to replace with the word "is used";

Paragraph one of Item 5 to state 2) in the following edition:

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