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 31.10.2001

Decision of the Government of the Russian Federation No. 751 of October 27, 2001 on the Amendments to and Invalidation of the Decisions of the Government of the Russian Federation on the Issues of Reduction of Prices (Tariff Rates) for Natural Gas and Electric Power

Invalidates the Decisions of the Government of the Russian Federation defining the mechanism of reduction of prices for natural gas and application of reduction coefficients to the debts in payments for the supplied electric power for the period from January 1 through August 1, 1998. The given Decisions were applied to industrial consumers and consumers financed out of budgets of all levels, as well as gas distribution organizations (resellers).

Decision of the Government of the Russian Federation No. 747 of October 25, 2001 on the Endorsement of the Rules of Providing Tax Exemptions to Organizations and Independent Entrepreneurs Registered on the Territory of the City of Baykonur

Tax exemptions are granted at the decision of the head of administration of the city of Baykonur to the subjects of economic activities registered on the territory of the city and having registered for taxation purposes in the tax inspection of the city of Baykonur. The Decision lists the conditions permitting to obtain the mentioned exemptions. Tax exemptions are not provided for the value added tax, excise duty taxes, profit tax for organizations, uniform social tax (contribution), customs duties and other federal taxes and revenues and may not be provided on the individual basis.

Regulation of the Central Bank of Russia and the State Customs Committee of the Russian Federation Nos. 148-P, 01-11/22 of August 16, 2001 on the Customs and Bank Currency Control over the Export of Refined Gold and Silver by Credit Organizations

Sets forth the mechanism of currency control over the export of ingots of refined gold and silver by credit organizations having the license of the Central Bank of the Russian Federation for operations with precious metals. The Regulation describes issues pertaining to the exchange of information between exporter banks, the State Customs Committee of the Russian Federation and the Central Bank of the Russian Federation and particulars of drawing up the documents at export of ingots in the absence of customs registration.
Specifies that the earlier issued deal certificates do not lose their power and are accepted by the customs bodies for the purposes of customs registration and control. The requirements of the Regulation to the time limits of getting receipts apply to all export operations with the cargo customs declaration or transport document drawn up after the entering into force of the Regulation.
The Regulation is entered into force from the moment of publication in the Herald of the Bank of Russia.
Registered in the Ministry of Justice of the Russian Federation on October 26, 2001. Reg. No. 2996.

Order of the Ministry of Education of the Russian Federation No. 3244 of October 1, 2001 on the Endorsement of the Form of Call Certificate for the Students of Institutions of the Secondary Professional Education

Endorses the forms of the call certificate permitting to get additional leave and other benefits at the place of work pertaining to extramural studies in the institutions of the secondary professional education with state accreditation.
Registered in the Ministry of Justice of the Russian Federation on October 26, 2001. Reg. No. 2993.

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