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 20.02.2003

Decision of the Government of the Russian Federation No. 110 of February 18, 2003 on the Amendments to the Decision of the Government of the Russian Federation No. 278 of April 9, 2001

Prolongs for the year 2003 the rules of reimbursement from the federal budget of the part of expenses of organisations of sea, river and air transport to pay interest under credits obtained in Russian credit organisations to purchase sea, river and air vessels built at Russian enterprises. Estimated amount of reimbursement under credit contracts concluded in 2001-2003 is defined as 50% of the amount of the paid interest for the use of the redeemed part of the credit.

Decision of the Federal Commission for Securities Market No. 03-6/ps of February 7, 2003 on the Amendments to the Regulation on Additional Requirements to the Procedure of Preparation, Convening and Holding of the General Meeting of Stockholders Endorsed by the Decision of the Federal Commission for Securities Market of Russia No. 17/ps of May 31, 2002

Specifies the voting procedure at the general meeting of stockholders in cases of transfer of stocks handed over after the date of drawing up of the list of persons entitled to participate in the general meeting. The voting ticket must contain explanations stating that the voter may choose only one voting option except for the cases of voting according to the directions of the persons having acquired the stocks after the date of drawing up of the list of persons entitled to participate in the general meeting or according to the directions of the holders of depositary securities.
Registered in the Ministry of Justice of the Russian Federation on February 14, 2003. Reg. No. 4221.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-28/23 of January 23, 2003 on the Endorsement of the Procedure of Providing Information to the Collecting Party by the Tax Bodies

The procedure has been worked out on the basis of Item 3 of Article 46 of the Federal Law No. 119-FZ of July 21, 1997 on execution proceedings stating that the bailiff may request with the tax bodies information on the presence or absence with the debtor organisations of accounts and deposits in banks and other credit organisations. The procedure specifies the details of providing such information.
Registered in the Ministry of Justice of the Russian Federation on February 14, 2003. Reg. No. 4218.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-10/28 of January 24, 2003 on the Amendments to the Order of the Ministry of Taxation of Russia No. BG-3-10/411 of August 5, 2002 on the Endorsement of the Recommendations on the Procedure of Keeping in the Tax Bodies of the Personal Account Cards of Taxpayers, Payers of Fees and Tax Agents

The Order is issued in view of the changes of the procedure of registration of operations pertaining to the decision on the reimbursement of the value added tax calculated at the zero rate, as well as to improve the efficiency of the measures of work with unidentified payments and operative execution by the federal treasury bodies of Form 21 statements of the tax body (offsetting).

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