Windfall tax for major companies to be introduced in Russia

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Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 18.10.2001

Decree of the President of the Russian Federation No. 1230 of October 16, 2001 "Issues of the Structure of the Federal Bodies of Executive Power"

Abolishes the Ministry of the Federation, National and Migration Policy of the Russian Federation with its functions pertaining to the implementation of the migration policy being handed over to the Ministry of Internal Affairs of the Russian Federation. The rest of the functions of the abolished Ministry are handed over to the Ministry of Economy and Development of the Russian Federation.
The Decree is entered into force from the day of its official publication

Decision of the Government of the Russian Federation No. 717 of October 11, 2001 on the Tied Federal Program "Reduction of the Differences in the Social and Economic Development of the Regions of the Russian Federation (Years 2002-2010 and until Year 2015)"

The goal of the program is creation of favorable conditions for development of entrepreneurial activities and improvement of investment climate in the regions. Implementation of the planned measures will permit to reduce the differences in the social and economic development of the subjects of the Russian Federation in the level of the gross regional product in per capita figures taking into account the purchasing capacity and in per capita incomes 2 times by the year 2010 and 3 times by the year 2015.
It is planned to reduce the portion of population living below the poverty level by 15% in 2010 and by 25% in 2015.

Order of the Ministry of Finance of the Russian Federation No. 81n of October 4, 2001 on the Endorsement of the Instruction on the Registration of the Deals with Unprocessed Precious Stones

Sets forth the procedure of registration of the deals concluded on the territory of the Russian Federation pertaining to the transfer of the property right for the sorted unprocessed precious stones. The procedure is obligatory for execution by the subjects of extraction industry, other suppliers of unprocessed precious stones and the Russian processing organizations regardless of the from of ownership. The registration of the concluded deals varies depending on the subjects of the deal.
The procedure applies the deals concluded with special-size diamonds weighing 10.80 carats and more.
Registered in the Ministry of Justice of the Russian Federation on October 15, 2001. Reg. No. 2969.

Order of the Ministry of Finance of the Russian Federation No. 82n of October 5, 2001 on the Amendments to the Directions on the Procedure of Application of the Budget Classification of the Russian Federation Endorsed by the Order of the Ministry of Finance of the Russian Federation No. 38n of May 25, 1999

Amends the classification of incomes of the budgets of the Russian Federation and the list of types of expenses of the functional classification of expenses of the budgets of the Russian Federation.

Order of the Ministry of Finance of the Russian Federation No. 79n of September 28, 2001 on the Procedure of Entering into Force of the Order of the Ministry of Finance of the Russian Federation No. 73n of September 10, 2001

The changes and additions introduced in the Instruction on the annual, quarterly and monthly accounting reports of budget-supported institutions and other organizations financed out of the budget according to the budget list endorsed by the Order of the Ministry of Finance of the Russian Federation No. 73n of September 10, 2001 are entered into force beginning with reports for the 9 months of 2001.

Letter of the State Customs Committee of the Russian Federation No. 01-06/40220 of October 8, 2001 on the Customs Payments Collected from Transport Vehicles Imported by Natural Persons

Within the three-year maximum term of temporary import of transport vehicles by natural persons, the transport vehicle may be imported for the term of up to one year without paying the customs duties and taxes, with two extensions of the term of temporary import for one year each being permitted after paying 50% of the total customs payment at each extension.

Letter of the Ministry of Taxes and Revenues of the Russian Federation No. BK-6-07/728 of September 27, 2001 on the Procedure of Selling of the Remaining Alcoholic Products Made in the Russian Federation before June 1, 2001

Beginning with September 1, 2001, all sold alcoholic products must be labeled with special regional stamps, with alcoholic products being labeled with the stamp of the subject of the Russian Federation where these products are expected to be sold through retail sale or public catering network. Since the Tax Code of the Russian Federation does not contain conditions restricting the opportunities of sales of alcoholic products depending on production time, the mentioned requirement applies also to the products registered at the inventory of June 1, 2001.

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