Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 28.11.2002

Federal Law No. 155-FZ of November 27, 2002 on the Amendment to Article 2 of the Federal Law on the Status of Servicemen

The benefits, guarantees and compensations envisaged in the Law on the status of servicemen and other federal laws for servicemen and members of their families may be applied to other persons and members of their families by the decrees of the President of the Russian Federation. This will permit the President of the Russian Federation to institute with own decisions the measures of social protection to civilian personnel killed because of unforeseen, emergency circumstances while fulfilling the tasks pertaining to the defence potential of the state and to members of their families.
The Federal Law is entered into force from the day of its official publication.

Federal Law No. 153-FZ of November 26, 2002 on the Amendment to the Law of the Russian Federation on the Privatisation of the Housing Fund in the Russian Federation

In case of death of one of the participants of the common property right for the housing space privatised before May 31, 2001, defines the shares of the participants of the common property right for the given housing space, including the share of the deceased. The mentioned shares in the common property right for the given housing space are recognized to be equal.
The Federal Law is entered into force from the day of its official publication.

Federal Law No. 152-FZ of November 26, 2002 on the Amendments to Some of the Legislative Acts of the Russian Federation Pertaining to Obligatory Social Insurance against Industrial Accidents and Occupational Diseases

Changes individual provisions of the Civil Code of the Russian Federation setting forth the procedure of reimbursement of the damage to life and health of citizens. Amounts paid out as subsistence to a citizen are being indexed taking into account the level of inflation.
The earnings (income) lost because of the damage to health, as well as the amount of reimbursement of the damage because of the lost or reduced ability to work of an underaged, is determined depending on the cost of living of the able-bodied population for the whole of the Russian Federation (earlier, 5 minimum amounts of labour remuneration). The amounts of reimbursement of the damage to the life and health of the victim paid out to citizens are subject to indexing with the rise of the cost of living.
The Law on obligatory social insurance against industrial accidents and occupational diseases is also extended to include the amendment stating that the amount of the monthly insurance premium is indexed taking into account the level of inflation. The indexing coefficient and its periods are defined by the Government of the Russian Federation.
The Law sets forth that the minimum amount of labour remuneration specified by the Law on the minimum amount of labour remuneration is used exclusively to regulate the labour remuneration, as well as to define the amount of the temporary disability allowances.
The Federal Law is entered into force from the day of its official publication.

Regulation of the Central Bank of Russia No. 203-P of November 5, 2002 on the Procedure of Carrying Out of Deposit Operations with Credit Organization by the Bank of the Russian Federation in the Currency of the Russian Federation

Sets forth the rules of operations carried out by the Bank of Russia to attract monetary resources of credit organizations, namely, banks, clearing non-bank credit organizations, non-bank credit organizations carrying out deposit and credit operations, being the residents of the Russian Federation in the currency of the Russian Federation to deposits opened in the Bank of Russia. The Bank of Russia carries out the following types of deposit operations:
- deposit auctions;
- deposit operations at fixed interest rate;
- deposit operations at fixed interest rates on standard terms at interest rates determined on auction basis carried out using the Reuters Dealing system with credit organizations having concluded general agreements on such operations with the Bank of Russia;
- deposit operations on the basis of individual agreements.
The Regulation sets forth the criteria to be met by credit organizations engaged in deposit operations.
The Regulation is entered into force 10 days after the day of its publication.
Registered in the Ministry of Justice of the Russian Federation on November 25, 2002. Reg. No. 3947.

Order of the Ministry of Internal Affairs of the Russian Federation No. 1137 of November 21, 2002 on the Endorsement of the Instruction on the Issue, Drawing Up and Registration of Migration Cards by Passport and Visa Divisions and Divisions for Migration Issues of the Ministry of Internal Affairs, Directorates of Internal Affairs, Departments of Internal Affairs of the Subjects of the Russian Federation

Defines the procedure of work with migration cards of passport and visa divisions and division for migration issues of the Ministry of Internal Affairs, directorates of internal affairs, departments of internal affairs of the subjects of the Russian Federation.
Registered in the Ministry of Justice of the Russian Federation on November 22, 2002. Reg. No. 3944.

Decision of the State Standards Committee of the Russian Federation No. 96 of September 23, 2002 on the Endorsement of the Seproneftekhim System of Certification of Petrochemical Products

Specifies the goal, principles, structure and rules of the system of certification of petrochemical products of rubber and asbestos and other elastomer materials and items on their basis. The central body of the system of certification of the petrochemical products is the Office of Raw Materials of the Department of Standardization of the State Standards Committee of Russia.
Registered in the Ministry of Justice of the Russian Federation on November 22, 2002. Reg. No. 3941.

Decision of the Federal Commission for Securities Market No. 42/ps of October 30, 2002 on the Amendments to the Regulation on the System of Qualification Requirements to the Heads, Controllers and Specialists of Organizations Engaged in Professional Activities at Securities Market, to the Heads and Specialists of Organizations Managing Investment Funds, Shared Investment Funds and Non-State Pension Funds, As Well As the Heads and Specialists of Organizations Operating As a Specialised Depositary of Investment Funds, Shared Investment Funds and Non-State Pension Funds Endorsed by the Decision of the Federal Commission for Securities Market of Russia No. 27/ps of July 5, 2002

Reduces the requirements to applicants seeking qualification without qualification examinations - the presence of at least 3 years of continuous length of service. In particular, waves the requirement of work in certain positions directly before submission of the documents to obtain the qualification.
Registered in the Ministry of Justice of the Russian Federation on November 21, 2002. Reg. No. 3937.

Decision of the State Standards Committee of the Russian Federation No. 109 of October 30, 2002 on the Amendment to the Decision of the State Standards Committee of Russia No. 36 of May 24, 2002 on the Endorsement and Entering into Force of the Rules of Certification in the Framework of the System of Certification of Medicines of the GOST R System of Certification

Sets forth that the rules of certification in the framework of the system of certification of medicines of the GOST R system of certification are entered into force from December 1, 2002 (earlier, from November 1, 2002).
Registered in the Ministry of Justice of the Russian Federation on November 14, 2002. Reg. No. 3923.

Federal Law No. 159-FZ of November 27, 2002 on the Ratification of the Agreement between the Russian Federation and the Azerbaijan Republic on the Status, Principles and Terms of Use of the Gabalinskaya Radar (Daryal Radar)

Ratifies the Agreement singed in Moscow on January 25, 2002.

Federal Law No. 151-FZ of November 26, 2002 on the Ratification of the Agreement between the Russian Federation and the State of Kuwait on Avoidance of Double Taxation and Prevention of Evasion of the Tax on Incomes and Capital

Ratifies the Agreement signed in Moscow on February 9, 1999.

Federal Law No. 150-FZ of November 26, 2002 on the Ratification of the Agreement between the Government of the Russian Federation and the Government of the Democratic Socialist Republic of Sri Lanka on Avoidance of Double Taxation and Prevention of Evasion of the Tax on Incomes

Ratifies the Agreement signed in Moscow on March 2, 1999.

Federal Law No. 149-FZ of November 26, 2002 on the Ratification of the Convention between the Russian Federation and the Kingdom of Norway on Avoidance of Double Taxation and Prevention of Evasion of the Tax on Incomes and Capital

Ratifies the Convention singed in Oslo on March 26, 1996 with the Declaration of the Russian side.

Federal Law No. 148-FZ of November 26, 2002 on the Ratification of the Agreement between the Government of the Russian Federation and the Government of the Republic of Indonesia on Avoidance of Double Taxation and Prevention of Evasion of the Tax on Incomes

Ratifies the Agreement signed in Jakarta on March 12, 1999.

Federal Law No. 147-FZ of November 26, 2002 on the Ratification of the Protocol to the Agreement between the Government of the Russian Federation and the Government of the Republic of Finland on Avoidance of Double Taxation for Income Tax

Ratifies the Protocol singed in Helsinki on April 14, 2000.

Federal Law No. 146-FZ of November 26, 2002 on the Ratification of the Convention between the Government of the Russian Federation and the Government of the Republic of Austria on Avoidance of Double Taxation for the Tax on Incomes and Capital

Ratifies the Convention signed in Moscow on April 13, 2000.

Federal Law No. 145-FZ of November 26, 2002 on the Ratification of the Convention between the Government of the Russian Federation and the Government of the Portuguese Republic on Avoidance of Double Taxation and Prevention of Evasion of the Income Tax

Ratifies the Convention signed in Moscow on May 29, 2000.

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