Windfall tax for major companies to be introduced in Russia

Garant Free Online Demo

Legal information system for your company.
Simply click on the button Start working and the system Legislation of Russia in English will be available for unlimited time.

Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 6.03.2002

Federal Law No. 23-FZ of March 4, 2002 on the Amendments to the Criminal Code of the Russian Federation Pertaining to the Enhancing of the Criminal Liability for Crimes at Securities Market

Amendments envisage enhancing of the liability for the crimes at securities market in cases of issue of securities, as well as fraudulent avoidance to disclose information. The new wording of Article 185 envisages two new crimes - endorsement of the report of the results of issue of securities known to contain invalid information and the placing of emission securities having failed to pass the state registration. The law introduces the new Article, 185-1, envisaging the following crimes: fraudulent avoidance to disclose information defined in the legislation of the Russian Federation on securities to the investor or control body, as well as presenting information known to be incomplete or false to the mentioned persons.
These crimes shall be punished with a fine of 500 to 700 minimum amounts of labour remuneration (earlier, 200 to 500 minimum amounts of labour remuneration). The law also envisages opportunities of applying such sanction as imprisonment for up to 3 years.
The Federal Law is entered into force from the day of its official publication. The text of the Federal Law is published in the Rossiyskaya Gazeta on March 6, 2002, No. 41.

Decree of the President of the Russian Federation No. 249 of March 4, 2002 on the Measures to Improve the System of Monetary Subsistence of Servicemen

Before May 1, 2002, the Government of the Russian Federation must provide for the correspondence of the main typical military positions and grades of contract servicemen to state positions of the state federal service and qualification grades of the state federal servants of the federal bodies of executive power to define the amounts of the monetary subsistence of the mentioned category of servicemen. The same time limits are fixed to prepare proposals on the amounts of salaries of draft servicemen. The increase in the monetary subsistence of the mentioned categories of state servants will be arranged simultaneously.
The Decree is entered into force from the day of its signing.

Decision of the Government of the Russian Federation No. 138 of March 4, 2002 on the Amendments to the Decision of the Government of the Russian Federation No. 1198 of October 28, 1999

Reduces the rates of export customs duties for individual types of items of ferrous metals exported from the territory of the Russian Federation outside the member-states of the customs union agreements - from 5 to 3 percent of the customs cost.
The Decision is entered into force one month after the day of its official publication.

Decision of the Government of the Russian Federation No. 141 of March 4, 2002 on Some Issues of the Implementation of the Federal Law on the State Pension Support in the Russian Federation

The assigning, recalculation of the amount, the paying out and organization of delivery of the pensions to the state federal servants, participants of the Great Patriotic War, disabled citizens and citizens having become victims of radiation and technical disasters shall be arranged by the territorial bodies of the Pension Fund of the Russian Federation at the place of residence of the person having applied for the pension according to the procedure envisaged for the assigning and paying out of the labour pensions. A special procedure is fixed for the pensions paid out to servicemen and the length-of-service pensions paid out to state federal servants.
The Decision applies to legal relations in state pension support in the Russian Federation emerging after January 1, 2002.

Decision of the Government of the Russian Federation No. 137 of February 28, 2002 on the Measures to Implement the Federal Law on the Federal Budget for the Year 2002

Execution of the federal budget shall be arranged in accordance with the quarterly distribution of incomes, expenses and sources of financing of the deficit of the federal budget envisaged in the summary budget list of the federal budget for the year 2002. The Decision fixes the maximum amounts of expenses to be financed later.
Recipients of the resources of the federal budget may effect advance payments under the concluded contracts for supplies of commodities, works, services in amounts not greater than 20% of the amount of the contact if other amounts of advance payments are not envisaged in the legislation.
The Decision fixes the limit for granting tax credits, respites, extension schedules for the payment of the federal taxes and revenues (including the moving of commodities across the customs border of the Russian Federation) in the amount not greater than Rbl 1,000 million within the fiscal year.

Contact Us

Leave us a message