Monitoring of the Federal Legislation dated 30.04.2008

Decision of the Government of the Russian Federation No. 225 of March 29, 2008 on the Prolongation of the Rates of Export Customs Duties for Wheat, Meslin and Barley

Prolongs the rates of export customs duties for wheat, meslin and barley exported outside the member-states of the Customs Union agreements until June 30, 2008 inclusive.

Decision of the Government of the Russian Federation No. 218 of March 28, 2008 on the Amendment to Item 2 of the Decision of the Government of the Russian Federation No. 671 of October 12, 2007 on the Seasonal Duties for Raw Cane Sugar and Individual Types of Sugar Imported to the Territory of the Russian Federation in 2007 and 2008

Abandons the rule stating that the mentioned rates of seasonal duties are invalidated before the specified time limit if the average monthly price for raw sugar at the New York Commodity Exchange becomes greater than USD 259.99 per ton.

Decision of the Government of the Russian Federation No. 227 of March 29, 2008 on the Procedure for Placing the Resources of the Federal Budget on Bank Deposits

Specifies the rules of placing of resources of the federal budget on bank deposits.

Order of the Ministry of Finance of the Russian Federation No. 29n of February 26, 2008 on the Endorsement of the Forms of Documents Envisaged in the Decision of the Government of the Russian Federation No. 522 of August 25, 2006 on the Functioning of the Joint State Automatic Information System of Registration of the Volume of Production and Circulation of Ethyl Alcohol, Alcoholic and Alcohol-Containing Products and Their Filling Procedures

The Government of the Russian Federation endorsed the rules of functioning of the Joint State Automatic Information System of registration of the volume of production and circulation of ethyl alcohol, alcoholic and alcohol-containing products maintained by the Federal Tax Service.

Order of the Federal Service for Financial Markets No. 08-5/pz-n of February 7, 2008 on the Endorsement of the Regulation on the Additional Requirements to the Procedure of Preparation, Convocation and Keeping of the General Meeting of Holders of Investment Shares of the Closed-Type Investment Fund

Introduces new requirements to the procedure of preparation, convocation and keeping of the general meeting of holders of investment shares of the closed-type shared investment fund.

Order of the Federal Tax Service No. MM-3-06/27 of January 29, 2008 on the Amendments to the Order of the Ministry of Taxation of Russia No. BG-3-06/627@ of November 17, 2003

Some amendments to Part II of the Tax Code of the Russian Federation are entered into force from January 1, 2007 pertaining to the checks carried out by the tax bodies.

Order of the Ministry of Economic Development of the Russian Federation No. 60 of March 6, 2008 on the Endorsement of the Procedure of Carrying out and the Terms of the Contest to Choose the Organiser of Tenders to Attract Investments for the Federally Owned Objects of Immovable Property

Defines the terms and procedure of carrying out of the contest to choose the organiser of tenders to attract investments for the federally owned immovable property carried out by the federal state unitary enterprise wishing to construct, reconstruct, restore immovable property.

Order of the Ministry of Justice of the Russian Federation No. 66 of March 19, 2008 on the Endorsement of the Forms of the Cadastral Excerpt for the Land Plot and the Cadastral Plan of Territory

Endorses the forms of the mentioned cadastral documents, specifies the procedure of their drawing up.

Decision of the Government of the Russian Federation No. 234 of April 3, 2008 on the Housing and Other Construction on the Federally Owned Land Plots

Introduces a prohibition for the federal bodies of executive power to coordinate transactions for the federally owned land plots. The federal bodies of executive power are also prohibited to coordinate transactions for the federally owned immovable property located on the above land plots.

Decision of the Government of the Russian Federation No. 231 of April 2, 2008 on the Amendments to the Rules of Keeping of the Joint State Register of Taxpayers

The keeping of the Joint State Register of Taxpayers is arranged not only with the use of computers but also with the use of other information technologies.

Decision of the Government of the Russian Federation No. 220 of March 28, 2008 on the Amendments to and Invalidation of Some of the Decisions of the Government of the Russian Federation Improving the Migration Policy of the Russian Federation

The amendments are stipulated by the fact that the Federal Migration Service of Russia is withdrawn from the Ministry of Internal Affairs of Russia while preserving the functions of this ministry in the sphere of migration record keeping.

Information of the Central Bank of Russia of March 31, 2008 "Answers and Explanations on Some Issues of Application of the Regulation of the Bank of Russia No. 302-P of March 26, 2007 on the Rules of Accounting Work in Credit Organisations Located on the Territory of the Russian Federation and the Letter of the Bank of Russia No. 141-T of September 7, 2007 on the Registration in Accounting Work of Operations of Purchase and Sale of Securities Envisaging Their Subsequent Purchase and Buy out Obligation"

New rules of accounting work in credit organisations located on the territory of the Russian Federation have entered into force from January 1, 2008.

Order of the Federal Service for Financial Markets No. 08-7/pz-n of February 28, 2008 on the Endorsement of the List of Expenses Pertaining to Trust Control of the Property Forming the Assets of the Joint-Stock Investment Fund or the Property Forming the Shared Investment Fund

According to the Federal Law No. 334-FZ of December 6, 2007, the property of the investment fund may be used to cover only individual expenses pertaining to trust control of the property forming the assets of the joint-stock investment fund or the property forming the shared investment fund.

Decision of the Government of the Russian Federation No. 249 of April 7, 2008 on the Endorsement of the Regulation on the Licensing of Activities in the Sphere of Circulation of Narcotic Drugs and Psychotropic Substances Included in List I in Compliance with the Federal Law on Narcotic Drugs and Psychotropic Substances

In 2007, a permission was issued to process narcotic drugs or psychotropic substances of List I withdrawn from illegal circulation for subsequent use in scientific, educational, expert, investigation work and in medical certification.

Letter of the Central Bank of Russia No. 37-T of April 2, 2008 on the Rouble Equivalents of the Figures Envisaged in the Direction of the Bank of Russia No. 1755-U of December 11, 2006

Specifies the rouble equivalents of the figures specified in above Direction for the II quarter of 2008.

Federal Law No. 46-FZ of April 8, 2008 on the Amendments to Article 30 of the Federal Law on the Banks and Banking Activities

The amendments are aimed at protection of interests of the population getting credits in banks: the borrowers must get true information on the existing terms of the credit contract.

Federal Law No. 34-FZ of April 1, 2008 on the Ratification of the Protocol between the Government of the Russian Federation and the Government of the Republic of Belarus on the Procedure of Collection of Indirect Taxes When Carrying out Works, Rendering Services

The Protocol confirms the principle of collection of indirect taxes when carrying out works and rendering services at the place of their implementation on conditions envisaged in the national legislation; specifies the procedure of determination of the place of their implementation and endorses the list of documents confirming such implementation.

Decision of the Government of the Russian Federation No. 246 of April 7, 2008 on the Cost of Insurance Year for the Year 2008

Endorses the cots of insurance year for the year 2008 used to determine the fixed payment for independent entrepreneurs, lawyers, private notaries to pay insurance contributions for obligatory pension insurance.

Decision of the Government of the Russian Federation No. 241 of April 7, 2008 on the Amendments to Some of the Acts of the Government of the Russian Federation on the Issues of Licensing of Individual Types of Activities

The Federal Service of Enforcement in the Sphere of Public Health and Social Development is empowered with authority of licensing of medical activities of organisations of the state system of public health, activities in the sphere of hi-tech medical aid, as well as activities in the sphere of circulation of narcotic drugs and psychotropic substances of organisations of the wholesale trade of medicines and apothecaries of the federal organisations of public health.

Decision of the Government of the Russian Federation No. 253 of April 7, 2008 on the Endorsement of the Rules of Determination of the Boundaries of the Point of Transfer through the State Border of the Russian Federation

Regulates the procedure of determination of the boundaries of the point of transfer through the state border of the Russian Federation.

Decision of the Government of the Russian Federation No. 237 of April 7, 2008 on the Endorsement of the Rates of Export Customs Duties for Individual Types of Polymers of Ethylene

To promote the export of commodities of the domestic chemical industry, introduces the zero rates of the export customs duties for the following types of ethylene polymers in the primary form exported outside the member-states of the Customs Union agreements: polyethylene (items of the Foreign Trade Commodity Nomenclature 3901 10 and 3901 20); other (item 3901 90 900 0).

Letter of the Central Bank of Russia No. 36-T of March 31, 2008 on the Recommendations on the Organisation of Management of Risks When Credit Organisations Carry out Operations Using Internet Banking Systems

Remote bank servicing of clients over the Internet is ever growing in the recent time.

Decree of the President of the Russian Federation No. 460 of April 8, 2008 on the Amendments to Some Acts of the President of the Russian Federation Pursuant to the Creation of the State Corporation of Nuclear Power Rosatom

The Federal Agency for Nuclear Power was dissolved pursuant to the creation of the state corporation of the nuclear power Rosatom providing state management on behalf of the Russian Federation in the sphere of use of nuclear power, development, manufacture utilisation of nuclear arms and nuclear power plants of military destination.

Order of the Ministry of Regional Development of the Russian Federation No. 33 of March 24, 2008 on the Endorsement of the Amounts of the Average Cost of Repair of 1 Square Meter of the Total Area of Private Homes Owned by Family Members of Servicemen Having Lost the Breadwinner by the Subjects of the Russian Federation for the Year 2008

Family members of servicemen having lost the breadwinner may repair once in ten years their private homes at the expense of resources of the federal budget.

Order of the Ministry of Transport of the Russian Federation No. 15 of January 29, 2008 on the Form of the Passenger Ticket and the Luggage Slip for the Automatic Coupon Registration in Civil Aviation

The passenger ticket and the luggage slip of the automatic coupon registration in civil aviation are transportation documents used to certify the contract of transportation of the passenger and the luggage.

Order of the Federal Agency of Cadastre of Objects of Immovable Property No. P/0058 of March 4, 2008 on the Endorsement of the Procedure of Publication and Entry into Force of the Acts of the Federal Agency of Cadastre of Objects of Immovable Property Recognised by the Ministry of Justice of the Russian Federation As Not Needing the State Registration

Regulates the procedure of publication and entry into force of the acts of the Federal Agency of Cadastre of Objects of Immovable Property recognised by the Ministry of Justice of the Russian Federation as not needing the state registration.

Decision of the Government of the Russian Federation No. 263 of April 14, 2008 on the Amendment to the Decision of the Government of the Russian Federation No. 732 of December 5, 2005

The Ministry of Economic Development and Trade of the Russian Federation is ordered to issue licenses for the import of poultry meat from April 15, 2008 through December 31, 2008.

Decision of the Government of the Russian Federation No. 261 of April 12, 2008 on the Prolongation of the Rates of Import Customs Duties for Individual Types of Machines, Equipment, Devices, Instruments and Parts Thereof

To promote technical modernisation of the domestic industry, introduces the zero rates of import customs duties for some types of equipment for 9 months from July 14, 2007.

Decision of the Government of the Russian Federation No. 260 of April 11, 2008 on the Endorsement of the Rates of Import Customs Duties for Automobile Trailers Older Than 7 Years

From April 15, 2008, endorses on the permanent basis the rates of the import customs duties for automobile trailers older than 7 years.

Order of the Federal Service for Financial Markets No. 08-11/pz-n of March 18, 2008 on the Endorsement of the Regulation on the Insurance Reserve of the Non-State Pension Fund

As before, the insurance reserve may be formed at the expense of part of incomes from the placing of resources of pension reserves and tied receipts.

Decision of the Chief State Sanitary Physician of the Russian Federation No. 17 of March 5, 2008 on the Endorsement of SanPiN 2.3.2.2351-08

Extends the list of plants containing potent, narcotic or poisonous substances.

Order of the Federal Customs Service No. 267 of March 14, 2008 on the Endorsement of the Instruction on the Individual Customs Operations in the Cases of Application of the Customs Regime of Processing outside the Customs Territory

The customs regime of processing outside the customs territory permits to temporarily export Russian-made commodities to carry out production processes or repair abroad followed by subsequent import of the products of processing under full or partial exemption from import customs duties and taxes.

Letter of the Federal Agency for Construction and the Housing and Communal Complex No. VB-1305/02 of April 4, 2008 on the Indices of Change of the Estimated Cost for the II Quarter of 2008

Provides recommended indices of change of the estimated cost of construction and installation works on the whole and by items of expenses for the II quarter of 2008 by the subjects of the Russian Federation.

Letter of the Federal Agency for Construction and the Housing and Communal Complex No. VB-1302/02 of April 4, 2008 on the Prices for Design and Survey Works in Construction for the II Quarter of 2008

Reports recommended for application in the II quarter of 2008 indices of change of the cost of design and survey works in construction.

Decision of the Government of the Russian Federation No. 269 of April 16, 2008 on the Endorsement of the Regulation on the Particulars of Activities of a Specialised Depositary of a Non-State Pension Fund

The specialised depositary provides for the registration and transfer of the rights for securities used to place the resources of the pension reserves.

Letter of the Central Bank of Russia No. 40-T of April 14, 2008 on the Codes of Classification of the Incomes of the Budget System of the Russian Federation Administered by the Department of Licensing of Activities and Financing of Rehabilitation of Credit Organisations of the Bank of Russia and on the Requisites of Payment Orders to Transfer These Incomes

Reports the codes of the classification of incomes of the budgets and the types of incomes received in the budget system of the Russian Federation administered by the Department of Licensing of Activities and Financial Rehabilitation of Credit Organisations of the Bank of Russia.

Information Letter of the Federal Service for Financial Markets No. 08-VM-03/6834 of April 10, 2008 on the Transfer of the State Duty for Committing Legally Significant Actions Envisaged in Subitems 44-49 of Item 1 of Article 333.33 of the Tax Code of the Russian Federation

Provides explanations of the Ministry of Finance of the Russian Federation on the filling of the payment documents confirming the fact of transfer by the representative of the legal entity or natural person of the state duty for committing legally significant actions pertaining to activities at the securities market and activities of investment funds, management companies.

Decision of the Government of the Russian Federation No. 279 of April 16, 2008 on the Endorsement of the Regulations on the Licensing in the Sphere of Explosives of Industrial Destination

Introduces a new procedure of licensing of production, storage, application and distribution of explosives of industrial destination.

Decision of the Government of the Russian Federation No. 278 of April 16, 2008 on the Reimbursement of Expenses Pertaining to the Use of Transport Vehicles Owned by Organisations or Natural Persons in the Course of Anti-Terrorist Operation

Expenses are reimbursed with monetary payments to the owners of transport vehicles by the federal body of executive power whose representative used the transport vehicle in the course of the anti-terrorist operation.

Decision of the Government of the Russian Federation No. 285 of April 19, 2008 on the Endorsement of the Rules to Pay out the Reward to the Author in Cases of Public Sale of Original Pieces of Art, Author Manuscripts (Signatures) of Literary and Musical Pieces

The paying out of the reward is permitted while observing certain conditions.

Order of the Federal Migration Service, Ministry of Public Health and Social Development of the Russian Federation, Ministry of Transport of the Russian Federation, State Fishing Committee of the Russian Federation No. 1/4/1/2 of January 11, 2008 on the Endorsement of the Administrative Regulation on the State Service Provided by the Federal Migration Service, Bodies of Executive Power of the Subjects of the Russian Federation Implementing the Authority of the Russian Federation in the Sphere of Assistance of Employment of Population, Federal Agency of the Sea and River Transport and the State Fishing Committee of the Russian Federation to Issue Statements of Attraction and Use of Foreign Work Force, Permission to Attract and Use Foreign Work Force, As Well As Employment Permissions to Foreign Citizens and Stateless Persons

The bodies of the state service of employment of population of the subjects of the Russian Federation shall issue the statements of attraction and use of foreign work force.

The Order of the Federal Service of Enforcement in the Sphere of Mass Communication and Protection of Cultural Heritage No. 104 of March 5, 2008 on the Endorsement of the Administrative Regulation on the Execution of the State Function of Licensing of Reproduction (Making Copies) of Audio and Video Pieces of Art and Phonograms on Any Media

The licensing of reproduction (making copies) of audio and video pieces of art and phonograms on any media is vested in the Federal Service of Enforcement in the Sphere of Mass Communication and Protection of Cultural Heritage.

Information Letter of the Presidium of the Higher Arbitration Court of the Russian Federation No. 125 of March 4, 2008 on the Settlement of Disputes of Coordination of Uniform Technological Processes of Work of Non-Public-Use Railways and Connecting Stations

Prepares information for the courts on the issues of settlement of disputes of coordination of uniform technological processes of work of non-public-use railways and connecting stations.

Direction of the Central Bank of Russia No. 1996-U of April 22, 2008 on the Amendments to the Direction of the Bank of Russia No. 1375-U of January 16, 2004 on the Rules of Drawing up and Submission of Reports by Credit Organisations to the Central Bank of the Russian Federation

Credit organisations must provide explanations on the submitted reports only if there are appropriate requests of the Bank of Russia and its territorial bodies.

Direction of the Central Bank of Russia No. 1991-U of March 31, 2008 on the Amendments to the Instruction of the Bank of Russia No. 110-I of January 16, 2004 on the Obligatory Normatives for Banks

Adjusts the methods of calculation of the normatives of the bank's immediate, current and long-term liquidity.

Letter of the Federal Tax Service No. ShS-6-3/289@ of April 16, 2008 on the Information Necessary for the Calculation of the Tax on Extraction of Mineral Resources for Oil for March 2008

Provides information used for the calculation of the tax on extraction of mineral resources for oil for march 2008.

Order of the Federal Service for Financial Markets No. 08-12/pz-n of March 18, 2008 on the Endorsement of the Regulation on the Procedure to Recognise the Persons As Qualified Investors

The person may be recognised as qualified investor by the broker, manager, management company of the shared investment fund or other persons in compliance with the federal legislation.

Order of the Federal Service for Financial Markets No. 08-10/pz-n of March 18, 2008 on the Procedure, Time Limits and Form of the Notification of the Change of the Composition of the Board of Directors (Supervisory Board) and Executive Bodies of the Joint-Stock Investment Fund, Management Company, Specialised Depositary and the Composition of Executive Bodies of a Non-State Pension Fund

Endorses the forms of notifications of the change of the composition of executive bodies and of the change of the composition of the board of directors (supervisory board) of the joint-stock investment fund, management company, specialised depositary, as well as the forms of notifications of the change of the personal executive body and of the change of the composition of the collegiate executive body (executive board) of a non-state pension fund.

Decision of the Social Insurance Fund of the Russian Federation No. 76 of April 2, 2008 on the Endorsement of the Average Values of the Main Figures for the Calculation of Discounts and Mark-Ups to Insurance Tariff Rates for Obligatory Social Insurance against Industrial Accidents and Occupational Diseases in 2008

Endorses the average values of the figures for the year 2008.

Order of the Federal Service for Financial Markets No. 08/14/pz-n of March 20, 2008 on the Endorsement of the Regulations on the Registration of the Rules of Organisation and Implementation of Internal Control in the Management Company, Rules of Organisation and Implementation of Internal Control in the Specialised Depositary and Amendments to Them and the Rules of Organisation and Implementation of Internal Control in the Non-State Pension Fund and Amendments to Them

Provides the list of documents necessary for the registration.

Order of the Federal Service for Financial Markets No. 08-8/pz-n of March 12, 2008 on the Endorsement of the Regulation on the Procedure and Time Limits to Notify the Management Company, Specialised Depositary and the Federal Service for Financial Markets by the Person Possessing (Providing Trust Control for) 5 and More Percent of Ordinary Stocks (Shares) of the Management Company or Specialised Depositary

Specifies the time limits and procedure to send appropriate notifications.

Federal Law No. 51-FZ of April 24, 2008 on the Accession of the Russian Federation to the WHO Framework Convention on Tobacco Control

Russia joined the WHO Framework Convention on Tobacco Control adopted in Geneva on May 21, 2003.

Decision of the Government of the Russian Federation No. 293 of April 23, 2008 on the State Regulation and Control of Prices (Tariff Rates, Fees) for the Services of Subjects of Natural Monopolies in Transport Terminals, Ports, Airports and the Services of Use of the Infrastructure of Internal Water Ways

Endorses the procedure of state regulation and control of prices (tariff rates, fees) for the services of subjects of natural monopolies in transport terminals, ports, airports and the services of use of the infrastructure of internal water ways.

Decision of the Government of the Russian Federation No. 295 of April 23, 2008 on the Amendments to the Regulation on the Licensing of Activities of Development, Production, Sale and Purchase for the Purpose of Sale of Special Technical Means of Secret Obtaining of Information by Independent Entrepreneurs and Legal Entities Engaged in Entrepreneurial Activities

Adjusts the procedure of licensing of activities of development, production, sale and purchase for the purpose of sale of special technical means of secret obtaining of information.

Information of the Central Bank of Russia of April 28, 2008

From April 29, 2008, the rate of refinancing of the Bank of Russia is increased from 10.25% to 10.5% annual.

Decision of the Government of the Russian Federation No. 300 of April 24, 2008 on the Amendments to the Customs Tariff of the Russian Federation Pertaining to Baby Safety Seats

Introduces for 9 months the zero rates of import customs duties for baby safety seats used in transport vehicles.

Decision of the Government of the Russian Federation No. 299 of April 24, 2008 on the Amendments to the Customs Tariff of the Russian Federation Pertaining to Individual Types of Equipment for the Medical Industry

Introduces for 9 months the zero rates of import customs duties for individual types of equipment for the medical industry.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-04-06-02/37 of April 16, 2008

According to the Tax Code of the Russian Federation, the taxable base for the uniform social tax of taxpayer organisations is determined as an appropriate sum of payments and other rewards accrued with the taxpayer for the tax period in favour of natural persons.

Decision of the Government of the Russian Federation No. 307 of April 25, 2008 on the Amendments to Some Acts of the Government of the Russian Federation on the Combating of Legalisation (Laundering) of Incomes Obtained in a Criminal Way and Financing of Terrorism

According to the Federal Law No. 275-FZ of November 28, 2007, commercial organisations concluding contracts of financing on the terms of monetary claims cession as financial agents must take measures against legalisation of incomes obtained in a criminal way and financing of terrorism.

Direction of the Central Bank of Russia No. 2000-U of April 28, 2008 on the Amendments to the Direction of the Bank of Russia No. 1601-U of August 5, 2005 on the Terms for the Bank of Russia to Grant Credits to Credit Organisations Secured with the Pledge of Promissory Notes, Claims Rights under Credit Contracts of Organisations and Guarantees of Credit Organisations

To confine inflation, introduces new interest rates for the credits of the Bank of Russia secured with the pledge of promissory notes, claims rights under credit contracts of organisations or guarantees of credit organisations.

Direction of the Central Bank of Russia No. 1998-U of April 28, 2008 on the Interest Rates for Deposit Operations of the Bank of Russia

Pursuant to the increase from April 29, 2008 of the rate of refinancing of the Bank of Russia by 0.25 percentage points (to 10.5% annual), the fixed interest rates for the deposit operations of the Bank of Russia are also increased from the mentioned date.

Direction of the Central Bank of Russia No. 1997-U of April 28, 2008 on the Rate of Refinancing of the Bank of Russia

To confine inflation and reduce dynamics of the monetary mass, the rate of refinancing (bank rate) of the Bank of Russia is increased from April 29, 2008 from 10.25% to 10.5% annual.