The Federal Taxation Service is a federal body of executive authority responsible for carrying out state registration of legal entities and natural persons as individual entrepreneurs and farmsteads. It is also a federal body of executive authority responsible for ensuring the presentation of claims for mandatory payments in bankruptcy cases and bankruptcy procedures, as well as the Russian Federation's claims under monetary obligations.
The Federal Taxation Service has the following functions:
• to control and supervise compliance with the Russian Federation's legislation on taxes and dues and the correctness of computation of taxes and dues and their full and timely payment to a respective budget in cases provided for by the Russian Federation;
• to oversee the correct computation of other mandatory payments and their full and timely transfer to a respective budget;
• to oversee the production and turnover of ethanol, alcohol, and tobacco products;
• to control and supervise compliance with the Russian Federation's currency legislation within the tax agencies' jurisdiction.