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 13.03.2006

Federal Law No. 37-FZ of March 11, 2006 on the Amendments to the Federal Law on the Military Duty and Military Service <br>

The amendments are stipulated by the adoption of the Federal Law No. 159-FZ of December 11, 2004 where it pertains to the authority of the higher official (head of the higher executive body) of the subject of the Russian Federation.

According to the amendments, higher officials of the subjects of the Russian Federation (heads of the higher executive bodies of state power of the subjects of the Russian Federation) are excluded from the categories of citizens enjoying the right of respite for the draft military service. The mentioned persons, because of their age, cannot be participants of legal relations pertaining to military duty in the form of the draft military service. Besides, the mentioned persons are excluded from the categories of citizens to be dismissed from the draft military service because of acquiring of the status of a higher official of the subject of the Russian Federation (head of the higher executive body of state power of the subject of the Russian Federation).

Federal Law No. 36-FZ of March 11, 2006 on the Amendment to Article 4 of the Federal Law on the Justices of the Peace in the Russian Federation <br>

Changes the procedure of creation of court districts pursuant to introduction of another criteria of calculation of the number of population in the court district - from 15,000 to 23,000 persons. Earlier, the specified criteria of calculation of the number of population in a single court district made 15,000 to 30,000 persons, which did not meet the real requirements of development of the court system in the Russian Federation.

The Federal Law is entered into force from January 1, 2007.

Decision of the Government of the Russian Federation No. 126 of March 10, 2006 on the Amendments to the Instruction on the Procedure of Keeping of the Personal (Personified) Records of Information on the Insured for the Purposes of Obligatory Pension Insurance Endorsed by the Decision of the Government of the Russian Federation No. 318 of March 15, 1997 <br>

Changes the procedure of registration and use by the territorial bodies of the Pension Fund of the personal information on the insured. In particular, the mentioned bodies shall enter in the personal accounts the results of processing of applications of the insured to transfer to another pension fund before March 31 of the year following the year of submission of such applications by the insured, rather than December 31.

Information on the condition of the personal account, including its special part, and on the results of investing of resources of accumulated pensions shall be sent by the Pension Fund before September 1 to the insured who has or had the insurance contributions for the accumulated part of the labour pension paid. The insured who has insurance contributions paid for only the insured part of the labour pension shall get information on the condition of the personal account before December 31, (earlier, October 1).

Territorial bodies of the Pension Fund must send free of charge information to the insured on the condition of the special part of the personal account and on the results of investing of resources of accumulated pensions before September 1 (earlier, before July 1).

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