Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 23.10.2001

Decision of the Government of the Russian Federation No. 728 of October 15, 2001 on the Tied Federal Program "Development of the Civil Aircraft Equipment of Russia for the Years 2002-2010 and for the Period Till the Year 2015"

The goal of the program is production of competitive home-made civil aviation equipment, as well as modernization of the fleet of air vessels to ensure passenger and cargo transportation and air works. Implementation of the given measures will permit to expand the export of home-made aircraft equipment, create new generation of air vessels and provide employment for up to 500,000 workers of the aircraft industry. Besides, it will permit to obtain about Rbl 300 billion in taxes from the sales of the equipment and stop the flow of convertible currency from the country spent for the purchase of foreign-made equipment.

Decision of the Government of the Russian Federation No. 727 of October 15, 2001 on the Procedure of Providing Obligatory State Social Insurance Allowances for the Convicts Engaged in Paid Labor

Creates the mechanism for implementation of the norm specified in Item 1 of Article 98 of the Criminal Execution Code of the Russian Federation stating that convicts attracted for work are subject to obligatory state social insurance. The convicts shall get the following allowances: for temporary disability, maternity, lumpsum allowance to women having registered in the medical institutions because of the early pregnancy (up to 12 weeks), lumpsum child birth allowance. The allowance is paid out if the application for it is submitted no later than within 6 moths from the day of restored ability to work, revealed disability, end of maternity leave, child birth, with the temporary disability allowance being handed out for not more than 12 months preceding the day of applying for the allowance. The allowances are assigned and paid out by the administration at the place of work of the convicts.

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