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 28.02.2023

Federal Law No. 37-FZ of February 23, 2023 - amendments to the Federal Law "On Amendments to the Budgetary Code of the Russian Federation and Certain Legislative Acts of the Russian Federation, Suspending Certain Provisions of the Budgetary Code of the Russian Federation, Recognising Certain Provisions of Legislative Acts as Invalid and on the Establishment of Specifics for Execution of Budgets of the Budgetary System of the Russian Federation in 2023": a new type of budget loans is being introduced - special treasury loans (for 15 years at 3% per annum).

Federal Law No. 36-FZ of February 23, 2023 - amendments to Part Two of the Tax Code of the Russian Federation: oil and gas companies in Yamal may receive a tax credit. Amendments have been made to the Tax Code, envisaging a tax credit to companies producing hydrocarbons in Yamal through deduction of MET in the amount of 1.111 billion roubles.

Joint Information Statement of the Federal Antimonopoly Service and the Bank of Russia Nos AK/11522/23, IN-03-59/15, dated February 17, 2023 - specifics of disclosure of information on funded products: information on the savings accounts offered by the bank should disclose the full range of possible rates.

Decision of the Government of the Russian Federation No. 296 of February 22, 2023 - amendments to the Regulations on State Accreditation of Russian Organisations Operating in the Field of Information Technology: IT developers in the field of natural and technical sciences are entitled to state support.

Decision of the Government of the Russian Federation No. 292 of February 22, 2023 - approval of the Regulations on the procedure for conducting an experiment involved in retail sales of medicinal products for medical use, that are dispensed upon prescription in a remoted way

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