Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 18.09.2001

Decision of the Government of the Russian Federation No. 624 of August 23, 2001 on the Restructuring of the Debts of the Payers of Insurance Contributions for Obligatory Medical Insurance of Unemployed Population as of January 1, 2001

Defines the procedure and terms of restructuring of the debts of the payers of insurance contributions for obligatory medical insurance of unemployed population as of January 1, 2001 including the writing off of accrued penalties. The amount of the debt is determined on the basis of the act of the check carried out by the territorial fund of obligatory medical insurance. The restructuring of the debt is carried out under the contract (agreement) concluded by the payer with the territorial fund. The restructuring may be carried out by granting respites (installment schedules) to the payer for the term of up to 5 years to redeem the amount of the debt on the basis of the contract (agreement), or by suspending the penalties for the amount of arrears in insurance contributions under the condition of ensuring monthly payment of these contributions, or by writing off of the penalties for the payer having redeemed the debt. In the latter case, the amount of the writing off of the penalties is determined depending on the period of redemption of the debt.

Regulation of the Central Bank of Russia No. 146-P of August 7, 2001 on the Procedure of Certification by the Bank of Russia of Receivers (Liquidators) of Credit Organizations

The Regulation defines the volume of qualification requirements, procedure of issue, cancellation, prolongation and redrawing of certificates of a receiver and person with a license of the state body of the Russian Federation in charge of the bankruptcy and financial rehabilitation and the certificate of the Bank of Russia assigned by a court of arbitration to liquidate a credit organization without the sings of the bankruptcy.
The Temporary Certification Commission is created in the central office of the Bank of Russia to arrange the certification of the applicants and territorial certification commissions in the territorial institutions of the Bank of Russia.
The certificate is issued to carry out activities in a particular credit organization for the term of up to 1 year from the day of adopting by the Temporary Certification Commission of the Bank of Russia of the decision on the issue or prolongation of the certificate.
Registered in the Ministry of Justice of the Russian Federation on September 6, 2001. Reg. No. 2929.
The Regulation is entered into force from the moment of its publication in the Herald of the Bank of Russia.

Decision of the Social Insurance Fund of the Russian Federation No. 72 of July 30, 2001 on the Endorsement of the Method of Calculation of the Amount of Capitalized Payments to Ensure Obligatory Social Insurance against Industrial Accidents and Occupation

Endorses the method of calculation to be used by the liquidation commission (receiver) to estimate the amount of capitalized payments.
The method is based on the normative method of building up resources, application of capitalization coefficients, use of social norms and economic normatives defining the amounts of monthly insurance payments and resources for covering additional expenses for medical, social and professional rehabilitation of victims.

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