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 8.11.2001

Decree of the President of the Russian Federation No. 1273 of November 5, 2001 on the Amendment to the Decree of the President of the Russian Federation No. 1142 of September 22, 1998 on the Structure of the Federal Bodies of Executive Power

The sphere of reference of the Ministry of the Russian Federation for Antimonopoly Policy and Entrepreneurial Support does not include now the earlier transferred functions of the abandoned Federal Service of Russia for Regulation of the Natural Monopolies on Transport. The given authority is handed over to the Federal Power Supply Commission of the Russian Federation.

Decision of the Government of the Russian Federation No. 743 of October 11, 2001 on the Endorsement of the Regulation on the Agency Guard Service of the Ministry of Transport of the Russian Federation

Defines the structure of the bodies of the agency guard service, norms of employee payroll and the procedure of organization of the activities of the agency guard service of the Ministry of Transport of the Russian Federation. The agency guard service is entitled to protect the guarded objects against illegal interference, provides for the transpassing and internal regime and other. The territorial bodies, detachments, brigades and watchman crews are arranged on sites. Employees of the agency guard service may use physical force, special devices and firearms.

Letter of the Ministry of Taxes and Revenues of the Russian Federation No. VG-6-03/780 of October 15, 2001 on the Procedure of Purchasing of the Special Regional Stamps by the Taxpayers to Label Alcoholic Products

The special regional stamps are not handed out to the taxpayer in case of failure to present to the Department of the Ministry of Taxes and Revenues of the Russian Federation for the subject of the Russian Federation a copy of the payment order confirming the advance payment of excise duty taxes, as well as the bank extract from the settlement account confirming the withdrawal of the mentioned resources.

Letter of the Ministry of Finance of the Russian Federation No. 16-00-11/456 of October 9, 2001 on the Rules of Qualifying the Property As Fixed Assets from January 1, 2001

The material and production reserves of the organization intended for use for the purposes of production, carrying out works and rendering services within the period of more than 12 moths (regardless of their cost) must be registered in accounting records as objects of fixed assets from January 1, 2001. In this connection, organizations must correct the records in their accounts if necessary.

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