Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 30.09.2003

Decree of the President of the Russian Federation No. 1122 of September 28, 2003 On the October -December 2003 Conscription For Military Service of RF Citizens and On the Discharge From Military Service of Citizens Doing Military Service By Conscription

The period as from October 1, 2003 up to December 31, 2003 is proclaimed as the period of conscription for military service of citizens aged from 18 to 27 who are not listed in the reserve and who are liable to conscription for military service, to the total number of 175 806 persons.
The Decree shall take effect as from its official publication.

Decision of the Government of the Russian Federation No. 595 of September 25, 2003 On the Introduction of Changes and Amendments in Decision of the Council of Ministers - the Government of the Russian Federation No. 1090 of October 23, 1993

It supplements the Road Traffic Regulations (referred to as PDD) with the new terms such as "tractor-trailer combination", " danger to traffic" and "re-formation". It establishes that the driver of a transport vehicle shall be obligated to place his transport vehicle at the disposal of police officials, officials of the federal state authorities and Federal Security Service agencies in instances envisaged under the law. Previously, several such cases were specified under the Road Traffic Regulations. The owner shall also be obligated to place his transport vehicle at the disposal of medical and pharmaceutical personnel to transport citizens to the nearest medical and preventive treatment facilities in cases threatening the life of such citizens.
The trucks with the permitted maximum mass of over 2,5 tons (earlier over 3,5 tons) shall be allowed to take the extreme left traffic lane only in order to turn to the left or for the turn-around.
It supplements the Road Traffic Regulations with the rule to the effect that on the roads with a two-way traffic in the absence of a separating lane, the driver shall drive round pedestrian islands, posts and road structures' elements (such as bridge supports, viaducts, etc.) situated in the middle of the roadway, from the right-hand side, unless otherwise is prescribed by road signs and traffic striping.
A mechanical transport vehicle used to teach driving must have a marking "Teaching transport vehicle".
It lays down fresh requirements to a marking sign "Dangerous Cargo".
The Decision shall take effect as from January 1, 2004.

Order of the State Customs Committee of the Russian Federation No. 1030 of September 17, 2003 On Places for Declaration of Individual Kinds of Goods in Moscow and the Moscow Region

It establishes that the customs check-point of the STO Automobile Central Excise Custom-House (code 10118190, location: city of Moscow, MKAD (Moscow Ring Road), 34th km, ownership 4) shall be the place for declaration of goods classified as commodity items 8702, 8703, 8706 00, 8707, 8711 under the RF Foreign Trade Activity Commodity Nomenclature imported to the address of consignees based in Moscow and the Moscow region.
The Order shall take effect as from January 1, 2004.
Registered with the Ministry of Justice of the Russian Federation in September 25, 2003. Registration No. 5115.

Order of the State Taxation Ministry of the Russian Federation No. BG-3-2003/499 of September 19, 2003 On the Amending of Order of the State Taxation Ministry of Russia No. BG-3-2003/447 of December 20, 2000

It amends the Methodological Recommendations on the application of Chapter 21 "Value Added Tax" of the RF Tax Code. It cancels from the recommendations items explaining the procedure for assessment of the VAT tax base in case of revenues in foreign currency, the procedure for increasing the tax base by the amounts of advance and other payments towards future supplies and also the procedure for fixing tax deductions.

Operative Directive of the Central Bank of Russia No. 134-T of September 16, 2003 On the Application By the Regional Agencies of the Bank of Russia of Regulations of the Bank of Russia No. 218-P of March 19, 2003 On the Procedure and Criteria For Assessment of the Financial Status of Legal Entities - Founders (Participants) of Credit Institutions

It provides recommendations regarding detection of facts of formation of the credit institutions' charter capital with inappropriate assets and also establishment of facts of inadequate formation of the reserves for eventual losses under loans and the reserves for eventual losses.

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