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 28.04.2009

Decision of the Government of the Russian Federation No. 334 of April 21, 2009 on the Amendments to Some Acts of the Government of the Russian Federation on the Issues of Improvement of the Procedure of Technological Connection of Consumers to Electric Power Networks

Refines the rules of technological connection to electric power networks.

Decision of the Government of the Russian Federation No. 339 of April 22, 2009 on the Amendment to the Regulation on the Use of Uniform Rates of Customs Duties, Taxes for Commodities Moved across the Customs Border of the Russian Federation by Natural Persons for Personal Use

Increased rates of customs duties are applied from January 12, 2009 for used cars imported by natural persons for personal use.

Decision of the Government of the Russian Federation No. 366 of April 25, 2009 on the Endorsement of the Rates of Export Customs Duties for Raw Oil and Individual Categories of Oil Exported from the Territory of the Russian Federation outside the Member-States of the Customs Union Agreements

Increases from May 1, 2009 the rates of export customs duties for raw oil and individual categories of oil exported from the territory of the Russian Federation outside the member-states of the Customs Union agreements.

Order of the Federal Tax Service No. MM-7-6/149@ of March 31, 2009 on the Amendments to the Order of the Federal Tax Service of Russia No. MM-3-09/536@ of September 17, 2007 on the Endorsement of the Forms of Information Envisaged in Article 85 of the Tax Code of the Russian Federation

Amends individual forms of information pertaining to taxpayers and submitted to tax bodies.

Order of the Ministry of Agriculture of the Russian Federation No. 110 of March 27, 2009 on the Limiting Prices for Grain in the Course of State Procurement Interventions in 2009

Specifies the limiting prices for grain permitting the state procurement interventions in 2009.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 07-05-08/156 of April 13, 2009

According to the Federal Law on the accounting work, organisations having switched over to the simplified system of taxation do not have to keep accounting records. However, the Ministry of Finance of Russia believes that limited-liability companies using the simplified system of taxation must keep accounting records and submit accounting reports in compliance with the commonly accepted practice.

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