SECURITIES PROSPECTUS

The Company shall form the tax base and file property tax returns at the location ofthe entity and the real property located outside the entity based on data concerning themovable and immovable property recorded on the balance sheet as fixed assets.For the purposes of correct application of tax credits, the separate accountingrecords of property for which credits are allowed shall be maintained in accordance withthe applicable property tax laws.17.7. Unified Social Tax (UST)The calculation of UST and tax accounting in respect of paid income and the unifiedsocial tax shall be performed by the Department for Business and Tax Accounting ofJSC IDGC Holding.JSC IDGC Holding shall calculate and pay UST and file tax reports with taxauthorities.17.8. Other TaxesIndividual income tax, transport tax and other taxes and dues shall be calculated andpaid in accordance with the laws on taxes and dues governing the procedure for thecalculation and payment of the taxes and dues concerned.18. Amendment of Accounting Policy18.1. The accounting policy of the Company may be amended in the event ofamendment of the Russian Federation laws or business and tax accounting regulations.18.2. The amendment of the accounting policy shall be justified and supported bythe appropriate organizational and directive documents (order) of the Company.240