Customs payments to be made in RUR starting Oct 1, 2009 in Russia
Payment of customs duties, taxes, charges advance payments and bailment in Russia will be now done only in rubles. The according amendments to the Customs Code were introduced from October 1, 2009.
The Federal Customs service (FCS) reminded foreign economic activity participants of necessity to withdraw foreign currency transmitted as an advance payment from customs accounts mid September, reported RIA Novosti.
The Customs Code previously envisaged the possibility of transmission of the amounts onto the customs accounts in any currency.
Besides, the changes in the regulation provide for closing of “intermediate” accounts used for accounting of receipts from customs and other payments made by foreign economic activity participants.
The Federal Treasury Office and FCS signed a schedule under which the “intermediate” accounts for customs fees payment will be gradually closed by June 30, 2010. As per the Ministry of Finance estimations, this procedure will allow increase budget revenues by RUR100 billion already in the current year.