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 10.04.2007

Order of the Ministry of Defence of the Russian Federation No. 70 of February 15, 2007 on the Increase of Salaries for the Occupied Position for the Civilian Personnel of Individual Bodies of the Ministry of Defence of the Russian Federation

According to the actual legislation on the state civil service in the Russian Federation, amounts of salaries of monetary subsistence for the positions of the federal state civil service are subject to the annual indexing taking into account the level of inflation.
      Registered in the Ministry of Justice of the Russian Federation on April 5, 2007. Reg. No. 9237.

Order of the Federal Security Service of the Russian Federation No. 71 of February 21, 2007 on the Organisation in the Bodies of the Federal Security Service of Work to Draw up and Issue Certificates for the Right of Benefits, the Specimens Being Endorsed before January 1, 1992

According to the actual legislation, the grounds for the measures of social support for the veterans of various categories is the certificate of the right for benefits.
      Registered in the Ministry of Justice of the Russian Federation on April 5, 2007. Reg. No. 9237.

Order of the Ministry of Finance of the Russian Federation and the Federal Service for Financial Markets No. 7n/07-10/pz-n of February 1, 2007 on the Endorsement of the Procedure of Assessment of the Cost of Net Assets of Insurance Organisations Created in the Form of Joint-Stock Companies

Introduces a new procedure of assessment of the cost of net assets of insurance organisations created in the form of joint-stock companies. The cost of net assets is implied to be the value determined by subtracting the amount of liabilities included in the estimate from the amount of assets of the joint-stock company included in the estimate. In other words, the subject matter is the real cost of the property available with the company which is determined annually less debts. Assessment of the cost of net assets is carried out to determine the liquidity of the insurance organisation.
      Registered in the Ministry of Justice of the Russian Federation on April 5, 2007. Reg. No. 9235.

Order of the Ministry of Finance of the Russian Federation No. 16n of February 19, 2007 on the Amendments to the Order of the Ministry of Finance of the Russian Federation No. 66n of May 19, 2005 on the Endorsement of the Form of the Tax Estimate for the Advance Payments for the Land Tax and Its Filling Recommendations

Corrects the form of the tax estimate for the advance payments for the land tax, as well as its filling recommendations.
      Registered in the Ministry of Justice of the Russian Federation on April 4, 2007. Reg. No. 9228.

Letter of the Social Insurance Fund of the Russian Federation No. 02-13/07-1985 of March 14, 2007

As to the inclusion of bonuses in the determination of the average earnings for the calculation of the temporary disability allowance in January 2006, explains that in the mentioned case, the average earnings include all types of payments envisaged in the labour remuneration system including bonuses and awards accrued in the estimate period.

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