The Ust-Luga Oil Joint Stock Co.
źIncreasing the capacity of liquid cargo complex in the Ust Luga Commercial Port╗
The LSR. Reinforced Concrete Joint Stock Co.
źDevelopment of new reinforced concrete production facilities for producing concrete products in the Leningrad Region╗
The Rosterminalugol Joint Stock Co.
"Increasing the capacity of coal terminal in the Ust Luga Commercial Port"

Accounting and Taxation in Credit Cooperatives

The main objective of the Project was not drawing up of recommendations for credit cooperatives tax evasion, but the establishment of dialogue and understanding between credit cooperatives and regional tax offices, development of taxation guidelines and the system of accounting, based on existing regional precedents and the current Legislation.

In the course of works, the consultants actively cooperated and exchanged information with the Foundation for Rural Credit Cooperative Development (Moscow), credit cooperatives and tax authorities in eight regions of Russia (St. Petersburg, Tomsk, Tyumen, Saratov, Volgograd, Yaroslavl, Perm, the Leningrad Region). The cooperation with international projects aimed at agricultural reform in Russia TACIS FD RUS 9801, TACIS FD RUS 9802, TACIS FD RUS 9601, ACDI / VOCA, the World Bank (Moscow office) has been established.

The methodological materials developed by the MANAGEMENT SOLUTIONS Ltd. EXPERTS cover all the credit cooperative aspects from the ideology development to forming a self-developing system of shareholders’ mutual aid fund. The Project experts managed to collect not only the most relevant information as of today on the statement of accounting in the credit cooperatives, their taxation and technology work, but also to analyze existing legal documents regulating the formation and functioning of credit cooperatives.

The special software for the credit cooperative automation was developed within the framework of the research Project.

The Project was completed with the roundtable seminar with the participation of credit cooperative representatives and eight Regional tax offices in the Government office of the Leningrad Region.

The material of this research will be very useful and can be claimed both operating and newly established credit cooperatives, public authorities.