Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 29.05.2002

Decision of the Government of the Russian Federation No. 351 of May 27, 2002 on the Endorsement of the Rules of Making Testamentary Dispositions for the Rights for Monetary Resources in Banks

Defines the procedure of making testamentary dispositions for the rights for monetary resources of citizens in banks or branches of banks.
The testamentary disposition is effected in writing (hand written or using technical means) free of charge in the bank keeping the account while observing the secrecy terms. It indicates the place and date of making it, place of residence of the testator, full names of citizens, full name and place of location of the legal entity inheriting the deposit.
The testamentary disposition may be drawn up for all of the monetary resources available on several accounts in the bank or the monetary resources available on one of these accounts. The testamentary disposition may contain certain conditions of handing out the deposit.
The Decision regulates the procedure of drawing up the testamentary disposition in favour of several persons, actions of the testator if he wishes to change or revoke the compiled document and the terms of payment of the monetary resources from accounts of deceased testators that drew up the testamentary disposition after March 1, 2002 - the date of entering into force of Part 3 of the Civil Code of the Russian Federation.

Decision of the Government of the Russian Federation No. 350 of May 27, 2002 on the Endorsement of the Maximum Amount of Remuneration under the Custody Contract for the Patrimony and Trusteeship Control Contract for the Patrimony

The mentioned maximum amount may not be greater than 3% of the estimated cost of the patrimony determined according to Item 1 of Article 1172 of the Civil Code of the Russian Federation.

Decision of the Government of the Russian Federation No. 349 of May 27, 2002 on the Endorsement of the Regulation on the Licensing of Activities in the Making and Repair of the Means of Measurement

The licensing of activities in the making and repair of the means of measurement is vested in the State Standards Committee of the Russian Federation. The licenses are issued for 5 years. The earlier issued licenses preserve their force until expiry.

Decision of the Government of the Russian Federation No. 347 of May 27, 2002 on the Endorsement of the Regulation on the Licensing of Activities in the Carrying Out of Works and Rendering Services in Storage, Transportation and Destruction of Chemical Weapons

Sets forth the procedure of licensing of activities of legal entities in the carrying out of works and rendering of services in storage, transportation and destruction of chemical weapons including development of technologies of destruction of chemical weapons. The licensing is vested in the Russian Agency for Ammunition. The licenses are issued for 5 years. The earlier issued licenses preserve their force until expiry.

Decision of the Government of the Russian Federation No. 346 of May 27, 2002 on the Endorsement of the Regulations on the Licensing of Activities in the Sphere of Air Equipment

The licensing applies to development, production, repair and testing of air equipment including the dual-purpose air equipment. The earlier issued licenses preserve their force until expiry. The licensing is vested in the Russian Air and Space Agency. The licensing of repair of air equipment carried out by civil aviation organizations is vested in the Ministry of Transport of the Russian Federation. The licenses are issued for 5 years.

Decision of the Government of the Russian Federation No. 345 of May 27, 2002 on the Endorsement of the Regulations on the Licensing of Individual Types of Activities in Inland Water Transport

The licensing applies to transportation by inland water transport of cargo, passengers, as well as to cargo handling works. The earlier issued licenses preserve their force until expiry. The licensing is vested in the Ministry of Transport of the Russian Federation. The licenses are issued for 5 years.

Decision of the Government of the Russian Federation No. 344 of May 25, 2002 on the Cost of Living in Per Capita Figures and for the Main Socio-Demographic Groups of Population for the Whole of the Russian Federation for the 1st Quarter of 2002

In the 1st quarter of 2002, the cost of living increased by Rbl 150 on the average and amounted to: Rbl 1,719 per capita, Rbl 1,865 for the able-bodied population, Rbl 1,313 for pensioners, Rbl 1,722 for children.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-29/235 of April 30, 2002 on the Endorsement of the Rules of Writing Off of the Amount of Debt in Penalties and Fines from Organizations Subject to the Restructuring of the Debt in Federal Taxes, As Well As the Debt in Accrued Penalties and Fines in Pursuance of the Decision of the Government of the Russian Federation No. 1002 of September 3, 1999

The rules have been worked out pursuant to the Decision of the Government of the Russian Federation No. 269 of April 24, 2002 on the writing off of the amount of debt in penalties and fines. The Decision on the writing off of the debt in penalties and fines is taken by the head of the tax body at the place of location of the organization on the basis of the certificate of the tax body of the amount of the debt to be written off.
Registered in the Ministry of Justice of the Russian Federation on May 21, 2002. Reg. No. 3459.

Order of the Federal Service of the Russian Federation for Financial Rehabilitation No. 63-r of April 1, 2002 on the Endorsement of the Explanation on the Issues of Application of the Bankruptcy Procedures

The explanation is issued for the purposes of uniform application of the procedures envisaged in the legislation of the Russian Federation on insolvency (bankruptcy). It lists the issues where the tax and other authorized bodies have the right of vote at the meetings of creditors.
Registered in the Ministry of Justice of the Russian Federation on May 20, 2002. Reg. No. 3458.

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