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 20.03.2002

Decision of the Government of the Russian Federation No. 164 of March 18, 2002 on the Amendments to the Decision of the Government No. 939 of December 9, 2000

Beginning with April 1, 2002, the rate of export customs duty for raw oil and oil products from bituminous materials (code according to the Foreign Trade Commodity Nomenclature 2709 00) is increased to amount to USD 9.2 per 1,000 kg (earlier, USD 8 per 1,000 kg).

Decision of the Government of the Russian Federation No. 165 of March 18, 2002 on the Endorsement of the Interim Rules of Placing the Resources of Insurance Contributions to the Pension Fund of the Russian Federation Supporting the Accumulated Portion of the Labour Pension

Resources of insurance contributions may be invested in state securities with obligations in the currency of the Russian Federation or foreign currency. The decision on the volumes and structure of investments shall be taken by the Pension Fund upon coordination with the Ministry of Finance of the Russian Federation.
The rules shall be in effect before the entry into force of the federal law defining the procedure of investment of the resources to finance the accumulated portion of the labour pension, however, not more than for six months from the day of official publication of the Decision.

Decision of the Social Insurance Fund of the Russian Federation No. 12 of February 6, 2002 on the Endorsement of the Procedure of Confirmation of the Main Type of Activities of the Insurer in Obligatory Social Insurance against Industrial Accidents and Occupational Diseases, As Well As the Types of Activities of the Divisions of the Insurer Being Independent Classification Units

Sets forth the procedure of confirmation of the main type of activities of insurers, as well as their independent structural divisions for the purposes of determination of the class of occupational risk of the sector (subsector) of economy by the Social Insurance Fund of the Russian Federation.
Provides the forms of the documents to be submitted on the annual basis before April 1 to the executive body of the Fund to confirm the main type of activities. If the documents are not presented by the insurer in the indicated time period, the executive body of the fund shall qualify it as the sector (subsector) of economy with the highest class of occupational risk out of the types of activities carried out by it, and before April 15 informs the insurer of the amount of insurance tariff rate fixed from the beginning of the current year.
Registered in the Ministry of Justice of the Russian Federation on March 19, 2002. Reg. No. 3303.

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