Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 21.06.2002

Regulation of the Ministry of Finance of the Russian Federation, Ministry of Taxation of the Russian Federation and the Central Bank of Russia Nos. 52n, BG-15-10/473, 1163-U of June 14, 2002 on the Non-Application of the Joint Letters and the Telegram of the Ministry of Finance of Russia, State Tax Service of Russia and the Bank of Russia on the Procedure of Opening and Regime of Individual Accounts for Offsetting the Incomes and Expenses of the Federal Budget, Special Payments in Execution of Individual Items of Expenses of the Federal Budget and Tied Financing of Expenses of the Federal Budget

Invalidates a number of joint documents of the Ministry of Finance of the Russian Federation, Ministry of Taxation of the Russian Federation and the Central Bank of Russia regulating the procedure of opening and regime of individual accounts for offsetting the incomes and expenses of the federal budget, special payments in execution of individual items of expenses of the federal budget and tied financing of expenses of the federal budget.
The Regulation is entered into force from the day of official publication.

Direction of the Central Bank of Russia No. 1161-U of June 11, 2002 on the Invalidation of the Letter of the Bank of Russia No. 339 of October 10, 1996

Invalidates the Letter to institute the uniform procedure of payments in own financial and economic operations for non-bank credit organizations, including those carrying out the functions of clearing centres of the organized securities market, through the correspondent account opened in the Bank of Russia.
The Direction is entered into force from the day of publication in the Herald of the Bank of Russia.

Letter of the Ministry of Taxation of the Russian Federation No. VG-6-02/800 of June 6, 2002

Pursuant to the entering into force of Chapter 25 of Part 2 of the Tax Code of the Russian Federation "Profit Tax from Organizations", invalidates from January 1, 2002 192 letters of the Ministry of Taxation of the Russian Federation.

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