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 23.04.2002

Federal Law No. 38-FZ of April 19, 2002 on the Amendment to Article 8 of the Federal Law on the Fundamentals of Municipal Service in the Russian Federation

The Federal Law is extended to include the special norm permitting to conclude with certain categories of municipal servants included in the register of municipal positions a fixed-term contract - for the period of authority of the elected body of local government or person occupying an elective municipal position. Earlier, such servants could actually demand reinstatement at work in case of discontinuation of the labour contract because of the expiry of the period of authority or for other reasons pertaining to the termination of work under the contract.
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 April 23, 2002, No. 73.

Federal Law No. 37-FZ of April 17, 2002 on the Handing Over to the Federal Republic of Germany of the Stained Glass Panels from St.Mary's Church (Marienkirhe) in the City of Frankfurt-on-Oder Moved to the USSR As a Result of World War II and Stored in the State Hermitage

The Law envisages the repatriation to the Federal Republic of Germany of 111 stained glass panels from St.Mary's Church (14th century) in Frankfurt-on-Oder moved to the USSR in 1946 as a result of World War II and stored in the State Hermitage.
The Federal Law is entered into force form the day of its official publication.

Decision of the Government of the Russian Federation No. 260 of April 19, 2002 on the Selling of the Arrested, Confiscated and Other Property Transferred to the State Property

The Russian Federal Property Fund is the only specialised organization in charge of the selling of the arrested, confiscated, unowned movable, exacted and other property transferred to the state property. Resources in the amount of 5% of the cost of the sold arrested property are allocated to pay for the services of the agents attracted by the Fund to sell this property.

Decision of the Government of the Russian Federation No. 259 of April 20, 2002 on the Endorsement of the Rules of Spending of the Resources of Obligatory Social Insurance to Pay for the Cost of Accommodations to the Suburban Stationary Children Rehabilitation Camps in 2002 for the Period of the Summer School Vacations

Defines the procedure and terms of spending of the resources of obligatory social insurance to pay for the cost of accommodations for the period not greater than 24 days for children of working citizens. The payments to cover the cost of accommodations are effected by employers paying the uniform social tax on the basis of requests of insurers and information on the number of school-age children (up to 15 year inclusive) needing accommodations. Insurers cover up to 50% of the average cost of the accommodation to the rehabilitation camp at the expense of the resources of obligatory social insurance. The limit may be extended for budget-supported organizations.

Decision of the Government of the Russian Federation No. 258 of April 20, 2002 on the Endorsement of the Rules of Allocation and Spending in the 1st Six Months of 2002 of the Resources of the Fund of Compensations Allocated to Finance the Current Expenses to Reimburse the Benefits in the Housing and Communal Services and Communication Services

Defines the procedure of allocation and spending in the first six months of 2002 of subsidies allocated to the budgets of the subjects of the Russian Federation from the Fund of Compensations to Finance the Current Expenses to Reimburse the Benefits in the Housing and Communal Services and Communication Services envisaged for servicemen, police officers, servants of the federal bodies of the tax police, bodies of internal affairs, as well as customs servants.

Decision of the Government of the Russian Federation No. 255 of April 18, 2002 on the Partial Changes to the Decision of the Government of the Russian Federation No. 1198 of October 28, 1999

The rates of export customs duties for diammonium hydrogen phosphate (diammonium phosphate) and ammonium dihydrogene phosphate (monoammonium phosphate) and its mixtures with ammonium hydrogen phosphate (diammonium phosphate) (codes according to the Foreign Trade Commodity Nomenclature 3105 30 000 0 and 3105 40 000 0) exported from the territory of the Russian Federation outside the member-states of the Customs Union agreements are reduced to amount to 3% of the customs cost (earlier, 5%).
The Decision is entered into force one month after the day of its official publication.

Decision of the Government of the Russian Federation No. 253 of April 18, 2002 on the Amendments to the Decision of the Government of the Russian Federation No. 1364 of December 9, 1999

The rate of the export customs duty for styrene (code according to the Foreign Trade Commodity Nomenclature 2902 50 000 0) is reduced to amount to 3% of the customs cost (earlier, 6.5%). The Decision also fixes the rate of the export customs duty for the plywood (code according to the Foreign Trade Commodity Nomenclature 4412 14 000 0, 4412 19 000 0) in the amount of 5% of the customs cost, however, not less than ? 2.5 per 1 cu. meter (earlier, free of charge).
The Decision is entered into force one month after the day of its official publication. The text of the Decision is published in Rossiyskaya Gazeta on April 23, 2002, No. 73.

Direction of the Central Bank of Russia No. 1137-U of April 12, 2002 on the Amendments to the Instruction of the Bank of Russia No. 17 of October 1, 1997 on Financial Reports

The new wording is provided for the "Descriptions of Individual Balance Accounts" (Form 110); "Table of Corrections" (Form 112); "Aggregate Balance Report" (Form 113); "Information on the Flow of Financial Resources" (Form 123); "Information on the Assets and Liabilities with Redemption Periods" (Form 125) and comments to them. Appendix 6 "Aggregate Report of Profits and Losses" (Form 114) refines the corrections in operations with securities.
The Direction is entered into force from the date of publication in the Herald of the Bank of Russia. The text of the Direction is published in the Herald of the Bank of Russia on April 19, 2002, No. 23.

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