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 23.08.2002

Order of the Government of the Russian Federation No. 1147-r of August 20, 2002

Endorses the plan of legislative activities of the Government of the Russian Federation for the second six months of 2002. The plan consists of three sections.
The first section includes draft laws to be implemented in 2002. Average-term programs of socio-economic development of the Russian Federation (2002-2004). The given draft laws are aimed to regulate legal relations in the sphere of social policy, financial mediation, reformation of the tax and banking system, housing and communal services, as well as development of the land market and that of other objects of the immovable property. In particular, the draft law on the amendments to Part 2 of the Tax Code is scheduled for introduction in the State Duma in February 2003 pertaining to introduction of the tax on immovable property. Introduction of the draft law on the guarantees of return of bank deposits in the Russian Federation is scheduled for December 2002. The new wording of the law on currency regulation and currency control is suggested for consideration in the State Duma in the sphere of foreign economic activities.
The second section lists the draft laws that have been introduced to the State Duma by the Government of the Russian Federation already.
The third section lists the draft laws aimed to improve the legislation of the Russian Federation. Such draft laws include, in particular, the draft law on the amendments to the Tax Code inasmuch as it pertains to the improvement of the tax legislation in the sphere of extraction of hydrocarbon, as well as determination of the main elements of taxation for the use of water objects, objects of fauna and the forest fund.

Order of the Ministry of the Railways of the Russian Federation No. 26 of May 29, 2002 on the Endorsement of the Typical Schemes of Organization of the Transfer across the State Border of the Russian Federation of Natural Persons, Transport Vehicles, Cargo, Commodities and Animals in International Railway Traffic

The typical schemes define the sequence of the necessary types of state control: border guard, sanitary, customs, immigration, veterinary, phytosanitary for natural persons, transport vehicles, cargo, commodities and animals crossing the state border of the Russian Federation in international railway transportation.
Registered in the Ministry of Justice of the Russian Federation on August 14, 2002. Reg. No. 3691.

Official Explanation of the Central Bank of Russia No. 24-OR of August 16, 2002

Since at the transfer of the rights of the Russian Federation for the stocks (shares) in the registered capitals of credit organizations from the state unitary enterprises and federal state institutions to the Ministry of State Property of the Russian Federation the owner of the shares (stocks) of credit organizations is still the Russian Federation, preliminary consent of the Bank of Russia for the purchase of more than 20% of stocks (shares) of the credit organization, as well as the notification of the Bank of Russia of the purchase of more than 5% of stocks (shares) of credit organizations is not necessary.

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