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 11.07.2002

Federal Constitutional Law No. 4-FKZ of July 9, 2002 on the Amendments to the Federal Constitutional Law on the State Flag of the Russian Federation

Specifies that the state flag of the Russian Federation must be present on the buildings of the bodies of the local government permanently. The copy of the standard (flag) of the President of the Russian Federation is used over the residence of the President of the Russian Federation in the capital of the Russian Federation, the city of Moscow.
The Federal Constitutional Law is entered into force from the day of its official publication.

Federal Constitutional Law No. 3-FKZ of July 9, 2002 on the Amendment to Article 4 of the Federal Constitutional Law on the State Flag of the Russian Federation

According to introduced amendments, the state flag of the Russian Federation is to be placed permanently in the halls of the sessions of the legislative (representative) bodies of state power of the subjects of the Russian Federation, higher executive bodies of state power of the subjects of the Russian Federation, as well as representative bodies of the local government.
The Federal Constitutional Law is entered into force from the day of its official publication.

Federal Constitutional Law No. 2-FKZ of July 9, 2002 on the Amendment to Article 5 of the Federal Constitutional Law on the State Emblem of the Russian Federation

The state emblem of the Russian Federation is placed in the offices of the legislative, (representative) bodies of state power of the subjects of the Russian Federation, higher executive bodies of state power of the subjects of the Russian Federation, courts of the subjects of the Russian Federation, as well as the halls of sessions of the representative bodies of the local government.
The Federal Constitutional Law is entered into force from the day of its official publication.

Federal Law No. 81-FZ of July 9, 2002 on the Amendment to Article 37 of the Federal Law on the Status of the Member of the Council of the Federation and the Status of the Deputy of the State Duma of the Federal Assembly of the Russian Federation

The changes pertain to the number of aids of the members of the Council of the Federation and the Deputies of the State Duma working as free lancers. Now, the member of the Council of the Federation, Deputy of the State Duma may have up to forty such aids.
The Federal Law is entered into force from the day of its official publication.

Federal Law No. 80-FZ of July 9, 2002 on the Amendment to the Federal Law on the Total Number of the Justices of the Peace and the Number of Court Districts in the Subjects of the Russian Federation

Defines the number of the justices of the peace and appropriate number of court districts in the Karachayevo-Cherkess Republic.
The Federal Law is entered into force from the day of its official publication.

Federal Law No. 79-FZ of July 9, 2002 on the Irbit Regional Court of the Sverdlovsk Province

Abandons the Irbit Regional Court of the Sverdlovsk Province and the Irbit City Court of the Sverdlovsk Province. Creates on their basis the Irbit Regional Court of the Sverdlovsk Province taking over the issues of the abandoned courts.
The authority of the newly created Irbit Regional Court of the Sverdlovsk Province covers the territory of the same region and the city of Irbit within the boundaries as of the moment of entry into force of the present Federal Law.
The Federal Law is entered into force six months after the day of its official publication.

Decision of the Government of the Russian Federation No. 510 of July 8, 2002 on the Endorsement of the Regulation on the Procedure of Payment of Pensions to the Citizens Leaving (Having Left) for Permanent Residence Outside the Russian Federation

The present Regulation applies to the citizens of the Russian Federation, foreign citizens and stateless persons leaving (having left) for permanent residence outside the Russian Federation who had their labour pension (part of the labour pension) and/or pension under the state pension support (other than the social pension) assigned according to the legislation of the Russian Federation.
Before leaving, if the citizen wishes so, he gets the pension in Russian roubles for six months in advance.
Recalculation, indexing, correction of the amount of the pension to be transferred outside the Russian Federation shall be carried out according to the procedure and in cases envisaged in the legislation of the Russian Federation.
The transfer of the pension outside the Russian Federation is carried out in the foreign currency at the rouble rate fixed by the Central Bank of the Russian Federation as of the day of committing the operation.

Decision of the Government of the Russian Federation No. 509 of July 8, 2002 on the Measures to Protect the Russian Producers of Rods to Reinforce Concrete Structures

The compensation duty in the amount of 21 percent of the customs cost is introduced for 3 years for commodities originating in the Ukraine and imported to the customs territory of the Russian Federation (rods for reinforcement of concrete structures).
The Decision is entered into force one month after the day of its official publication.

Order of the Ministry of Justice of the Russian Federation No. 182 of June 28, 2002 on the Endorsement of the List of Officials of the Ministry of Justice of the Russian Federation Authorized to Draw Up the Protocols of Administrative Violations

Endorses the list of officials of the Ministry of Justice of the Russian Federation authorized to draw up the protocols of administrative violations.
Registered in the Ministry of Justice of the Russian Federation on June 28, 2002. Reg. No. 3542.
The text of the Order is published in Rossiyskaya Gazeta on July 11, 2002, No. 125.

Direction of the Central Bank of Russia No. 1175-U of July 5, 2002 on the Amendments to the Direction of the Bank of Russia No. 1051-U of November 15, 2001 on the Published Reports of Credit Organizations and Bank Groups

Changes the procedure of drawing up and submission by credit organizations of the published forms of the balance report, report of profits and losses, information on the flow of monetary resources, information on the execution of the main requirements fixed in the normative acts of the Bank of Russia.
Provides the new wording for the forms of the "Balance Report of the Credit Organization", "Information on the Flow of the Monetary Resources", "Consolidated Balance Report". Amends the "Report of Profits and Losses" and the "Consolidated Report of Profits and Losses".
The Direction is entered into force from the day of publication in the Herald of the Bank of Russia.
The text of the Direction is published in the Herald of the Bank of Russia on July 10, 2002, No. 38.

Telegram of the Central Bank of Russia No. 86-T of July 3, 2002

The rouble equivalent of the registered capital of a created bank for the third quarter of 2002 is at least Rbl 154,711,500, registered capital of a non-bank credit organization - at least Rbl 15,471,150, registered capital of a branch credit organization of a foreign bank - at least Rbl 154,711,500, own resources (capital) of a bank requesting the general license for bank operations - at least Rbl 154,711,500, own resources (capital) of a credit organization requesting the change of the type from the non-bank credit organization into the bank - at least Rbl 154,711,500.
The text of the telegram is published in the Herald of the Bank of Russia on July 10, 2002, No. 38.

Letter of the Central Bank of Russia No. 84-T of July 2, 2002 on the Code of Administrative Violations of the Russian Federation

Reports that the Bank of Russia continues to apply to credit organizations measures envisaged in the Federal Laws on the Central Bank of the Russian Federation (Bank of Russia), on the banks and bank activities, on insolvency (bankruptcy) of credit organizations.
Explains the procedure of application of Article 15.26 of the Code of Administrative Violations of the Russian Federation envisaging the special violation - violation of the legislation on banks and bank activities, as well as the procedure of calculation of the period of limitation of administrative responsibility.
The text of the Letter is published in the Herald of the Bank of Russia on July 10, 2002, No. 38.

Letter of the Ministry of Taxation of the Russian Federation and the Central Bank of Russia Nos. 24-2-02/252, 85-T of July 1, 2, 2002 on the Issues of Cash Payments between Legal Entities

The Direction of the Central Bank of Russia No. 1050-U of November 14, 2001 fixed the maximum amount of cash payments in the Russian Federation between legal entities under one deal. The present Letter explains that the mentioned amount refers to payments under one contact concluded between the legal entities. The cash payments between the legal entities using one or several payment documents under one contract may not be greater than the maximum amount of cash payments.
The text of the Letter is published in the Herald of the Bank of Russia on July 10, 2002, No. 38.

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