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 19.07.2002

Decision of the Government of the Russian Federation No. 536 of July 15, 2002 on Tariff Regulation of Import of Raw Sugar and White Sugar in 2003

From January 1 through June 30, 2003, the rate of import customs duty for raw sugar is fixed to amount to EURO 0.2 per 1 kg (codes according to the Foreign Trade Commodity Nomenclature 1701 11 100 1, 1701 11 900 1, 1701 12 100 1, 1701 12 900 1, 1701 91 000 1), and for white sugar, to EURO 0.24 per 1 kg (codes according to the Foreign Trade Commodity Nomenclature 1701 99 100 1 and 1701 99 900 1). From July 1 through December 31, 2003, the rate of import customs duty for raw sugar is fixed to amount to EURO 0.23 per 1 kg (codes according to the Foreign Trade Commodity Nomenclature 1701 11 100 9, 1701 11 900 9, 1701 12 100 9, 1701 12 900 9, 1701 91 000 9) and for white sugar, to EURO 0.27 per 1 kg (codes according to the Foreign Trade Commodity Nomenclature 1701 99 100 9 and 1701 99 900 9). In 2002, the import customs duties for the mentioned commodities were fixed in percent of the customs cost.
In 2003, raw sugar originating in developing countries using the national system of preferences of the Russian Federation enjoys a tariff preference in the form of tariff quota for the import to the territory of the Russian Federation of 3.95 million tons of raw sugar. The rate of import customs duty for raw sugar imported in the framework of the customs quota is fixed to amount to EURO 0.095 per 1 kg.
The Decision is entered into force from the day of its official publication.

Decision of the Government of the Russian Federation No. 535 of July 18, 2002 on the Endorsement of the Indexing Coefficients of the Basic and Insured Parts of the Labour Pension from August 1, 2002

The indexing coefficients of the basic and insured parts of the labour pension from August 1, 2002 are fixed to amount to 1.09. Earlier (from February 1, 2002), the indexing coefficients were fixed to amount to 1.065.

Decision of the Government of the Russian Federation No. 531 of July 17, 2002 on the Amendments to the Decision of the Government of the Russian Federation No. 939 of December 9, 2000

The rates of export customs duties for oil products (light and medium distillates, gas oils) exported from the territory of the Russian Federation outside the member-states of the Customs Union agreements are increased from EURO 25 to EURO 35 per 1,000 kg.
The Decision is entered into force one month after the day of its official publication.

Order of the State Customs Committee of the Russian Federation No. 661 of June 25, 2002 on the Declaring of Commodities

When declaring the commodities with the customs cost not greater than EURO 500 (except for commodities subject to excise duty taxes that must be labelled with excise duty and/or special stamps and or licensed at import) moved under the customs regime of release for free circulation and export under one transport document (way-bill, luggage slip, other) from one shipper to one recipient, the person moving the commodities, if he wishes so, may use customs declaration in the form of the written application drawn up in free from and containing certain information for customs purposes. In this case, the customs bodies do not collect duties for the customs registration, with the customs duties and taxes collected using the customs paying-in slip.
The Order is entered into force 10 days after its official publication.
Registered in the Ministry of Justice of the Russian Federation on July 17, 2002. Reg. No. 3589.

Order of the Committee of the Russian Federation for Financial Monitoring No. 41 of July 1, 2002 on the Endorsement of the Regulation on the Territorial Bodies of the Committee of Russia for Financial Monitoring and Schemes of Their Deployment

The territorial bodies of the Committee of Russia for Financial Monitoring are interregional departments taking countermeasures against legalization (laundering) of incomes obtained in a criminal way on their covered territory within their sphere of authority. The Order lists the main tasks, functions and rights of the interregional departments.
Registered in the Ministry of Justice of the Russian Federation on July 17, 2002. Reg. No. 3588.

Decision of the Federal Commission for Securities Market No. 21/ps of June 7, 2002 on the Invalidation of the Decision of the Federal Commission for Securities Market of Russia No. 3 of June 7, 1999 on the Endorsement of the Regulation on the Procedure of Consideration of Cases and Imposing Fines for the Violation of the Legislation of the Russian Federation on the Protection of the Rights and Legal Interests of Investors at Securities Market

The mentioned Decision is invalidated because administrative violations in the sphere of securities market and proceedings in such cases are specified in the new Code of Administrative Violations having entered into force from July 1, 2002.
Registered in the Ministry of Justice of the Russian Federation on July 17, 2002. Reg. No. 3586.

Decision of the Federal Commission for Securities Market No. 18/ps of June 7, 2002 on the Amendments to the Regulation on the Requirements to Organizers of Trade at Securities Market Endorsed by the Decision of the Federal Commission for Securities Market No. 1-ps of January 4, 2002.

Introduces the requirements to the release for circulation and removal from circulation of investment shares at the exchange. Also envisages a more flexible mechanism of stopping the tenders. In particular, adds the norms envisaging tender suspension on the whole and for a separate security of a particular issue included in the quoting list A. If the tenders are stopped, they may be renewed only at the order of the Federal Commission for Securities Market.
Registered in the Ministry of Justice of the Russian Federation on July 16, 2002. Reg. No. 3579.

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