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 8.01.2002

Federal Law No. 196-FZ of December 30, 2001 on the Entering into Force of the Code of Administrative Violations of the Russian Federation

The new Code of Administrative Violations is entered into force from July 1, 2002. The same date is fixed to invalidate the Code of 1984 with amendments, as well as some of the acts adopted in execution of it. Also invalidated beginning with July 1, 2002 are the norms of administrative violations contained in the laws and other normative legal acts of the USSR. Amendments are also introduced in the actual legislative acts of the RSFSR and the Russian Federation pertaining to administrative responsibility and the procedure of transfer of collected fines to the budget.
The judge, bodies and officials in charge of consideration of the cases of administrative violations must review their decisions on administrative punishments adopted before March 1, 2001 and not executed to bring them in compliance with the new Code.
The Federal Law is entered into force from the day of its official publication. The text of the Federal Law is published in Rossiyskaya Gazeta on December 31, 2001, No. 256.

Federal Law No. 189-FZ of December 29, 2001 on the Amendments to Article 4 of the Federal Law on the Procedure of Fixing the Amount of Stipends and Social Payments in the Russian Federation

The amounts of stipends, allowances and other social payments defined depending on the minimum amount of labor remuneration are being fixed in absolute amounts expressed in monetary terms. In particular, Article 20 of the Law of the Russian Federation on the social protection of citizens exposed to radiation because of the disaster at Chernobyl Nuclear Power Station envisaging an additional allowance to the registered unemployed citizens of two minimum amounts of labor remuneration fixes this allowance in the amount of Rbl 200. Article 39 omits the norm envisaging that the amount of compensation in cases of aggravation of disability is determined as the difference of the number of minimum amounts of labor remuneration applied to compensate for the new and older disability groups, because the amounts of compensations are fixed in absolute figures.
The Federal Law is entered into force ten days after the day of its official publication. The text of the Federal Law is published in Rossiyskaya Gazeta on December 31, 2001, No. 256.

Decision of the Government of the Russian Federation No. 3 of January 3, 2002 on the Amendment to the List of Works and Services Subject to Obligatory Certification

The list of works and services subject to obligatory certification excludes the services of non-foodstuff retail trade.

Decision of the Government of the Russian Federation No. 935 of December 29, 2001 on the Amendments to the Decision of the Government of the Russian Federation No. 806 of October 18, 2000

The amendments are introduced to the List of technological equipment (component and spare parts for it) not produced in the Russian Federation and enjoying the VAT exemption.
Also extended is the list of organizations and contracts concluded by them for supplies of technological equipment not produced in the Russian Federation and paid before January 1, 1999.

Order of the Ministry of Finance of the Russian Federation No. 97n of November 28, 2001 on the Endorsement of the Directions on the Registration in Accounting Records of Organizations of Operations Pertaining to Trusteeship Agreements

Sets forth the rules of registration in accounting work of economic operations and drawing up of accounting reports in cases of execution of a trusteeship contract for the property for resident legal entities (other than credit and insurance organizations, organizations acting as professional participants of securities market, non-state pension funds and budget-supported institutions).
The Directions are entered into force beginning with accounting reports for the year 2002.
Registered in the Ministry of Justice of the Russian Federation on December 25, 2001. Reg. No. 3123.

Order of the State Customs Committee of the Russian Federation No. 1091-r of November 21, 2001 on the Classification of Individual Commodities According to the Foreign Trade Commodity Nomenclature of Russia

Endorses Collection 1 of decisions and explanations of the classification of individual commodities according to the Foreign Trade Commodity Nomenclature of Russia. Collection 1 provides explanations of the classification of some of the foodstuffs, cigarettes, clothes, containers, equipment, transport vehicles furniture and other.
Registered in the Ministry of Justice of the Russian Federation on December 24, 2001. Reg. No. 3118.

Direction of the Central Bank of Russia No. 1077-U of December 26, 2001 on the Amendments to the Rules of Accounting Work in Credit Organizations Located on the Territory of the Russian Federation No. 61 of June 18, 1997

The Chart of Accounts excludes Balance Accounts 40405 "State Employment Fund of the Russian Federation" and 40407 "Federal Highway Fund" changing respectively the description of Account 404 "Resources of State Non-Budget Funds".
The changes are also introduced in the scheme of analytical records of incomes and expenses in credit organizations, with Appendix 10 "Accounting Logbook" being excluded.
The Direction is entered into force form the day of its publication in the Herald of the Bank of Russia except for individual items being entered into force from April 1, 2002.

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