Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 4.03.2002

Decision of the Government of the Russian Federation No. 136 of February 28, 2002 on the Procedure and Terms of Financing in 2002 of Preventive Measures to Reduce Industrial Injuries and Occupational Diseases of Employees

Defines the procedure and terms of partial financing in 2002 of preventive measures to reduce industrial injuries and occupational diseases of employees at the expense of insurance contributions in obligatory social insurance against industrial accidents and occupational diseases transferred by insurers to the Social Insurance Fund of the Russian Federation. The decision on the transfer of the resources shall be taken by the Fund within 15 days from the day of submission of the application by the insurer. The applications shall be accepted before July 1, 2002. The amount of the allocated resources may not be greater than 20% of the amount of insurance contributions transferred for the year 2001.
The list of preventive measures must be worked out by the Ministry of Labour within one month.

Decision of the Government of the Russian Federation No. 135 of February 11, 2002 on the Licensing of Individual Types of Activities

Endorses the new list of the federal bodies of executive power in charge of the licensing in compliance with the Law on the licensing of individual types of activities. Also endorses the list of the types of activities to be licensed by the bodies of executive power of the subjects of the Russian Federation.

Letter of the Central Bank of Russia No. 22-T of February 26, 2002 on the Average Earnings and Additional Leaves

Explains the issues of calculation of the average earnings and providing additional paid leaves to specialists beginning with February 1, 2002 after the entering into force of the Labour Code of the Russian Federation. Before the official explanation of the Ministry of Labour of the Russian Federation is received, the calculation of the average earnings in 2002 must be carried out taking into account the provisions of the Labour Code of the Russian Federation (Article 139) and, where it does not contradict it, the procedure of calculation of the average earnings in 2000-2001 having been prolonged for the year 2002. If necessary, there will be directions on the recalculation of the earlier effected payments.
The Letter provides examples of calculation of the total length of the leave (main and additional annual paid leaves) granted after February 1 and the conversion of the working days into the calendar ones.

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