Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 13.02.2004

Decision of the Government of the Russian Federation No. 74 of February 12, 2004 on the Fixing of the Cost of Living in Per Capita Figures and for the Main Sociodemographic Groups of Population for the Whole of the Russian Federation for the IV Quarter of 2003

Fixes the cost of living for the whole of the Russian Federation for the IV quarter of 2003 in the amount of Rbl 2,143 per capita, Rbl 2,341 for able-bodied population, Rbl 1,625 for pensioners, Rbl 2,113 for children

Decision of the Government of the Russian Federation No. 72 of February 10, 2004 on the Amendments to the List of Commodities Subject to Obligatory Certification, the List of Products with Compliance Certified with the Declaration of Compliance and on Invalidation of the List of Works and Services Subject to Obligatory Certification

Significant changes are introduced in the list of commodities subject to obligatory certification endorsed by the Decision of the Government of the Russian Federation No. 1013 of August 13, 1997. From October 1, 2004, medicines are exempted from the obligatory certification and the medicines (codes 931000-937000 OKP) registered according to established procedure and consisting of mixed and unmixed products for use in therapy packed as dosed medicines or in retail trade package must have the declaration of compliance. According to the introduced changes, perfumery is exempted from obligatory certification.

The Decision specifies that the products excluded from Sections "Rubber Technical and Asbestos Products" and "Optical Instruments and Equipment" are exempted from obligatory compliance confirmation. Invalidates the list of works and services subject to obligatory certification.

The list of commodities requiring declaration of compliance now does not include compressed natural power gas for internal combustion engines. The mentioned list includes fuses, plugs, sockets, equipment for trade enterprises, beer, malt drinks, mineralised waters, as well as some types of printed items.

Order of the Ministry of Public Health of the Russian Federation No. 31 of January 30, 2004 on the Partial Invalidation of Item 2.5 of the Industry Sector Standard "Rules of Release (Sale) of Medicines in Apothecary Organisations. Main Provisions" Endorsed by the Order of the Ministry of Public Health of Russia No. 80 of March 4, 2003

The mentioned item is partially invalidated pursuant to the adoption of the Decision of the Supreme Court of the Russian Federation No. GKPI 03-607 of September 11, 2003, thus lifting the earlier available restrictions for the apothecary kiosks and shops to sale items of medical destination, disinfectants, items of personal hygiene, optical items, natural and artificial mineral waters, medicinal, child and dietetic foodstuffs, cosmetics and perfumery.

Registered in the Ministry of Justice of the Russian Federation on February 11, 2004. Reg. No. 5541.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-21/726 of December 29, 2003 on the Endorsement of the Form of the Tax Declaration for the Payment for the Use of Water Objects and Its Filling Instruction

Endorses the new form of the tax declaration for the payment for the use of water objects (Form KND 1151032) and its filling Instruction.

The Order is entered into force beginning with the tax period for January (I quarter) 2004.

Registered in the Ministry of Justice of the Russian Federation on February 11, 2004. Reg. No. 5539.

Order of the Ministry of Finance of the Russian Federation No. 14n of January 28, 2004 on the Endorsement of the Procedure of Providing of Information by Insurers of Conclusion, Prolongation and Termination of the Contract of Obligatory Insurance of the Liability of a Specialised Depositary and the Management Companies

Insurers shall send the mentioned information to the Ministry of Finance of Russia within three working days from the date conclusion, prolongation and termination of the appropriate contract. Information is submitted on paper medium according to the attached form together with the cover letter drawn up in free form.

Registered in the Ministry of Justice of the Russian Federation on February 11, 2004. Reg. No. 5538.

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