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 22.11.2023

Information statement of the Ministry of Economic Development of the Russian Federation, dated November 20, 2023 - on the rates of export customs duties on oil and certain categories of goods produced from oil, for the period from December 1 to December 31, 2023

Information letter of the Bank of Russia No. IN-018-34/58 of November 17, 2023 - on the disclosure by a credit rating agency of credit ratings and forecasts for credit ratings on the official website

Order of the Ministry of Economic Development of the Russian Federation No. 730 of October 23, 2023 - on the establishment of deflator coefficients for 2024

Decision of the Government of the Russian Federation No. 1836 of November 1, 2023 - on approval of the Rules for making a decision on the inclusion of a Russian business company into the list of economically significant organisations and on determination of the federal executive body authorised to apply to the arbitration court with an application to suspend the implementation by a foreign holding company of corporate rights in relation to an economically significant organisation

Direction of the Bank of Russia No. 6445-U of June 13, 2023 - on the procedure for obtaining a permit to use banking methods for managing credit risk and models for quantitative assessment of credit risk, as well as the procedure for assessing their quality

Direction of the Bank of Russia No. 6447-U of June 13, 2023 - on amendments to Regulations of the Bank of Russia No. 730-P of August 24, 2020: the procedure for banks to form reserves for possible losses has been adjusted using risk management techniques and quantitative risk assessment models in terms of determining expected credit losses

Information statement of the Ministry of Economic Development of the Russian Federation, dated November 20, 2023 - deflator coefficients have been set to be used in 2024 when calculating certain taxes.

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