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OKVED codes | transcript |
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58 |
Choosing an OKVED code is the first step with which activities always begin legal entities. The designation is used for the all-Russian classifier of species economic activity. It becomes an integral part of the national standardization of the Russian Federation, and is being developed by the Ministry economic development. and should always choose codes that are suitable for the future field of activity. Regardless of the status, the numbers will always be the same. There are five numbers in total in the abbreviation.
The main thing in the banking sector is the redistribution and receipt of funds. An exception is revenues intended for social or compulsory insurance, pensions. All these activities are designated by code 64.
Excluded from the group are such areas as state-owned property management, mandatory social insurance together with state, as well as insurance and activities for non-state provision of pensions.
Information about financial intermediation
Here are the numbers starting with 64. Next to them are usually ones. This group of codes was created specifically for organizations that control other financial institutions working in the Russian Federation. Some of the most popular services here relate to:
- supervision of the activities of organizations;
- currency regulation and control on the territory of the Russian Federation;
- establishing rules for financial statements on the territory of Russia;
- publications, setting exchange rates;
- analysis and financial activities on the territory of our country.
There are other types of financial intermediation that are associated with issuing bank guarantees, servicing accounts of individuals and legal entities, and providing loans.
Holding companies
For them, the number 64 is also used. But after the dot in this case there are already twos.
The divisions that own the group’s assets organize their activities in this direction. Assets are needed to control the activities of the main office. Holdings do not provide services to the organizations they own.
Investment funds, similar associations
Here the next digit after 64 will be three. The activity involves attracting not only funds, but also other types of funds, which are owned by citizens. These funds and investments are subsequently combined and placed in the form of shares in some objects. Organizations do not receive money from services or sales of goods. It is formed only on the basis of investments that were placed previously.
This direction is tied to:
- Open and joint stock investment funds, mutual associations.
- Investment trust and closed funds, trusts. In which management is carried out on behalf of the co-owners in connection with the relevant agreements concluded earlier. Wills or agency agreements also help control activities.
Registration of insurance, non-state pension funds
This group provides annual insurance on an ongoing basis. Clients are provided with direct and reinsurance, separately establishing rules for each type of service.
The usual code is 65.1 or 65.11. 65.12 is a combination that denotes insurance in the provision of medical services.
About the main structural features of the classifier
The OKVED directory contains a large number of codes. They were structured in the form of digital coding to make it easier to find suitable options. Let's take Y as a symbol to explain the meaning of the combinations:
- YY. YY. YY. - view;
- YY. YY. Y – subgroups;
- YY. Y – subclasses;
- YY – classes.
What exactly should you consider when choosing?
Only the use of the appropriate one allows you to legally engage in one or another type of activity. A situation is allowed when several notations are used at once. One of them becomes the main one, and the rest become additional.
Areas of activity of the company
For example, food products are sold. And this is the main area for an entrepreneur. Additional sales may include the sale of other goods such as clothing or household chemicals.
It doesn’t matter whether activities will be carried out using only one code or several at once. It is better to immediately select as many combinations as possible. This is especially important for those who plan to expand and develop further.
A few simple steps are enough to select the code:
- Determination of the specific activities that will be carried out in practice.
- Search the directory for the required section and subsection.
- Selecting a class with subclasses and groups of a specific direction.
- Final determination of the code, entry into the appropriate register or enterprise.
Changing or adding new code
A new code is required if additional items appear in the list of services. First you need to go to the tax office, where the individual entrepreneur was initially registered. There, a statement is drawn up asking for the appropriate changes to be made.
In this case, mandatory notarization is required. You can’t do without depositing funds for state fee. When the procedure is completed, the entrepreneur will be given documents that will confirm the adjustments in practice.
Why are codes needed, their influence
The classifier is needed in order to facilitate activities. And providing documentation in certain areas of the economy. That is, it becomes easier to group types of businesses, depending on certain characteristics. Then tax service It’s easier to determine which one is suitable for which applicant.
Among the functions performed by OKVED:
- Assistance in drawing up regulatory documentation. This is necessary to control the activities of firms at the state level.
- Unify data from registers and directories throughout the state.
- Collect information about all entities in order to properly maintain records.
- Carrying out economic analysis, both within the state and outside its borders.
- Regulation of taxation in certain areas.
Only having the code will allow you to open an account with a banking institution and take part in tenders for large orders. This combination is indicated in almost all documents related to the company's activities.
Thanks to such regulatory bodies, it is easier to monitor all areas of the economy. They collect data to compile statistics and solve analytical questions. OKVED can affect the size of the authorized capital and the tax burden for a particular enterprise. Codes allow you to determine affiliation with a direction in a particular industry. They will also help you understand whether you need to obtain a license to carry out specific work or provide services.
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