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 5.08.2002

Decree of the President of the Russian Federation No. 824 of July 31, 2002 on the Invalidation of Item 1 of the Decree of the President of the Russian Federation No. 508 of March 15, 2000 on the Amount of the Temporary Disability Allowance

Invalidates the norm stating that the temporary disability allowance is calculated proceeding from the actual earnings of the working citizens and may not be greater than 85 minimum amounts of labour remuneration for the full calendar month. The Federal Law on the budget of the Social Insurance Fund of the Russian Federation for the year 2002 specifies that the maximum amount of the temporary disability allowance and the maximum amount of the maternity allowance for the full calendar month may not be greater than Rbl 11,700.
The Decree is entered into force from the day of signing.

Order of the Ministry of Communication of the Russian Federation No. 78 of July 9, 2002 on the Amendment to the Order of the Ministry of Communication of Russia No. 11 of January 31, 2000 on the Endorsement of the Form of Application for the Licenses Pertaining to Communication Services

Provides the new wording for the form of the application to get (prolong) the license for activities pertaining to communication services. In particular, the new form must contain the scheme of organization of the communication including the stages of development and the main parameters of the network, the number of objects and routes of postal communication.
Registered in the Ministry of Justice of the Russian Federation on July 26, 2002. Reg. No. 3626.

Letter of the Ministry of Taxation of the Russian Federation and the Federal Service of the Tax Police of the Russian Federation Nos. VG-6-02/879/VP-2024 of June 25, 2002

Pursuant to the entering into force of Chapter 25 "Profit Tax from Organizations" of the Tax Code of the Russian Federation invalidates from January 1, 2002 the Letter of the State Tax Service of Russia and the Federal Service of the Tax Police of Russia Nos. VP-6-02/206/VP-987 of March 30, 1998 on the taxation of the system of the state reserve.

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