Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 6.06.2002

Decision of the Government of the Russian Federation No. 382 of June 4, 2002 on the Licensing of Activities in the Sphere of Industrial Safety of Hazardous Industrial Objects and Survey Works

The licensing applies to activities in operation of explosion-hazardous industrial objects; operation of chemically hazardous industrial objects; operation of main pipelines; operation of oil and gas producing facilities; operation of gas networks; industrial safety expert evaluation; survey works. The licensing is vested in the Federal Mining and Industrial Supervision Agency of Russia. The licenses are issued for five years. The earlier issued licenses preserve their force until expiry.

Decision of the Government of the Russian Federation No. 381 of June 4, 2002 on the Endorsement of the Regulation on the Licensing of Activities in Reproduction (Making Copies) of Audio and Visual Pieces of Art and Soundtracks on Any Media

The licensing applies to the entrepreneurial activities of natural persons and legal entities in the making of copies of audio and visual pieces of art on cine-film and other media , as well as the making of copies of soundtracks on any types of media.
The licensing is vested in the Ministry of the Russian Federation for Printing, TV and Radio Broadcasting and Means of Mass Communication and the Ministry of Culture of the Russian Federation depending on the type of the licensed activities. The licenses are issued for five years.

Decision of the Government of the Russian Federation No. 378 of June 4, 2002 on the Partial Changes to the Decision of the Government of the Russian Federation No. 798 of July 12, 1999

Temporarily, before September 30, 2002, reduces the rates of export customs duties for liquefied gases exported from the territory of the Russian Federation outside the member-states of the Customs Union agreements. The mentioned rates are fixed to amount to 20 euro per 1,000 kg (earlier, 40 euro).
The Decision is entered into force one month after the date of its official publication.

Decision of the Government of the Russian Federation No. 377 of June 3, 2002 on the Endorsement of the Regulation on the Ministry of Property Relations of the Russian Federation

The Ministry of Property Relations of the Russian Federation is the federal body of executive power in charge of the management of the property owned by the Russian Federation including the land plots (except for the land plots of the forest fund and lands occupied by water objects), privatisation of the federal property within their sphere of reference, regulation of assessment activities and other.
The Ministry of Property Relations of the Russian Federation is assigned with authority to alienate land plots for the needs of the Russian Federation, request necessary information, arrange checks of the preservation of the federal property and other.

Decision of the Federal Commission for Securities Market No. 14/ps of April 27, 2002 on the Endorsement of the Procedure of Keeping of the Register of Shared Investment Funds

Regulates the issues of building up and keeping of the register of shared investment funds the rules of trusteeship control of which are registered in the Federal Commission for Securities Market of the Russian Federation. Information on the managing company, auditor, assessor, special depositary, recorder and agent of the shared investment fund contained in the register must include the number and date of issue of the license on the appropriate type of activities, place of location and postal address. There must be also added the contact telephone number, fax number, e-mail address, effective period of the contract concluded with the managing company and information on the executive body.
Registered in the Ministry of Justice of the Russian Federation on May 31, 2002. Reg. No. 3481.

Direction of the Central Bank of Russia No. 1157-U of June 3, 2002 on the Amendments to the Direction of the Bank of Russia No. 987-U of June 27, 2001 on the Transfer of Monetary Resources on the Special, Type S (Investment) Accounts of Non-Residents and the Time of Keeping of the Monetary Resources of Non-Residents on the Transit Accounts

The time of keeping of the resources of non-residents on the transit accounts in authorized banks is reduced from 365 to 120 calendar days.
The Direction is entered into force from the day of its official publication in the Herald of the Bank of Russia.

Letter of the Ministry of Finance of the Russian Federation No. 16-00-14/125 of April 8, 2002 on the Calculation of Net Assets of a Joint-Stock Company

Since the amounts of the value added tax for the purchased values are registered in the second section of the balance report, they must be included in the calculation of the net assets of the joint-stock company.

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