On 29 May 2003 the Government by Resolution No 673 amended the 3 August 1993 Government Resolution No 603 on Land Tax. It was established that while calculating the land tax in 2003, the price of land will be subject to the following coefficients: 0.35 - for the land of agricultural purpose, land of associations of multi-apartment houses and housing estate construction, cooperatives of consumers and cooperative companies; 0.5 - for the land of the land plots of the gardeners' societies and their members, private housing estates and land plots adjacent to the land of multi-apartment houses, land plots used for commercial-business and other activities.

      On 16 June 2003 the Minister of Finance passed Order No 1K-159 Concerning Establishment of the Amount of Interest on Tax Loan for the Third Quarter of 2003, and Order No 1K-160 Concerning Establishment of the Amount of Default Interest for the Third Quarter of 2003. The said orders prescribed, as of 1 July 2003, 0.01 percent interest and 0.04 percent increased interest for each day of usage of a tax loan, and 0.04 percent default interest for each delayed day in case of untimely payment or transfer of taxes and fines, for the third quarter of 2003.