Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 27.02.2002

Decision of the Government of the Russian Federation No. 127 of February 21, 2002 On the Introduction of Changes and Amendments in Decision of the Council of Ministers - the Government of the Russian Federation No. 1090 of October 23, 1993

It provides a new version of the list of defects and conditions under which it is forbidden to operate transport vehicles. Most substantial changes were made in the norms of braking efficiency of the working brake system.
The Decision shall take effect as from March 1, 2002.

Decision of the Government of the Russian Federation No. 123 of February 21, 2002 On Amending the Time-Limits for Submission of Applications for the Right to Restructure Debts of Some Legal Entities

Applications for restructuring debts of key providers of the state defense order completing the repayment of debts under the state defense order and also debts of agricultural enterprises may be submitted within a period until April 1, 2002 (earlier - until December 1, 2001). The time-limits are also extended to organizations which have arrears in insurance premiums payable to the state social extra-budgetary funds and those in accrued penalties and fines which those organizations may have as on January 1, 2001.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-05/91 of February 21, 2002 On the Approval of a Form of Individual Card to Count Amounts of Accrued Payments and Other Remuneration, Amounts of Accrued Single Social Tax and also Amounts of Tax Deductions and the Procedure for Its Filling-In

It approves a new form of an individual card to count amounts of accrued payments and other remuneration prepared in accordance with Item 4 of Article 243 of the Tax Code of the Russian Federation, with due regard for changes and amendments which took effect as from January 1, 2002.
The individual card shall be maintained by the taxpayer in respect of every individual in whose favour payments were made under labour, civil and author's contracts. As to other payments, no individual cards shall be opened.

Letter of the Social Insurance Fund of Russia No. 02-18/05/1136 of February 18, 2002 On Temporary Disability and Prenatal Allowances

It clarifies a procedure for application of a norm of Article 15 of Federal Law No. 17-FZ of February 11, 2002 On the Budget of the Social Insurance Fund of the Russian Federation for 2002, under which a maximum amount of temporary disability and prenatal allowances for the full calendar month is fixed at Rbl. 11 700.
The said allowances in respect of insured accidents which occurred after January 1, 2002, but which were awarded and paid before the official publication of the said law (February 14, 2002) in accordance with earlier prevailing norms, shall not be subject to recalculation.
In areas and localities where the use is made of district coefficients to wages, a maximum amount of those allowances shall be arrived at by multiplying Rbl. 11 700 by a coefficient set by the government of the Russian Federation.
In view of entry into force as from February 1, 2002 of the Labour Code of the Russian Federation, the procedure for awarding, computation and payment of allowances under the state social insurance scheme shall not be altered.

Letter of the Ministry of Taxation of the Russian Federation No. ShS-6-14/166 of February 11, 2002 On the Non-applicability of Item 2 of Article 45 of the Tax Code of the Russian Federation In Respect of Non-Bona Fide Taxpayers

The provision of Item 2 of Article 45 of the Tax Code of the Russian Federation under which the obligation to pay taxes is deemed to have been fulfilled by the taxpayer as from the time of presentation to the bank of an order to pay a relevant tax, with the availability of a sufficient money balance in the taxpayer's account, shall apply only to bona fide taxpayers.
In view of the above, taxation agencies shall appeal decisions (rulings) of arbitration courts which declared the obligations to pay taxes to the budget by non-bona fide taxpayers as performed.

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