Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 26.09.2002

Decision of the Government of the Russian Federation No. 699 of September 24, 2002 on the Procedure of Issue of Permissions to Residents to Delay Payments for the Export of Commodities (Works, Services, Results of Intellectual Activities) for More Than 90 Days

Endorses coordinated with the Central Bank of Russia rules of issue of permissions to residents to delay payments for the export of commodities (works, services, results of intellectual activities) for more than 90 days.
Beginning with September 1, 2002, the granting of the mentioned respite regardless of the date of conclusion of the foreign-trade deal (contract) is permitted only in the presence of the permission issued by the Ministry of Finance of the Russian Federation.
Permissions issued earlier by the Central Bank of Russia preserve their force until expiry or until operations envisaged in these permissions are over.

Decision of the Government of the Russian Federation No. 696 of September 23, 2002 on the Endorsement of the Federal Rules (Standards) of Audit Activities

The standards have been worked out taking into account the international audit standards and fix uniform goals and main audit principles.
The Decision endorses the goal and main principles of audit of financial (accoutring) reports, documentation and planning of audit, essentiality in audit, audit facts and audit statement on financial (accounting) reports.

Decision of the Government of the Russian Federation No. 695 of September 23, 2002 on the Obligatory Psychiatric Certification of Employees Engaged in Individual Types of Activities Including the Ones Involving Hazardous Sources (Impact of Hazardous Substances or Adverse Industrial Factors), As Well As Those Working in Hazardous Environments

Employee certification is carried out to determine their fitness from the viewpoint of psychic health to carry out individual types of activities, as well as to work in hazardous environments. Employee certification is carried out at least once in five years. If the employee does not agree with the decision of the commission, he may appeal against it in court.
The organizational and methodology work in issues pertaining to obligatory psychiatric certification is vested in the Ministry of Public Health of the Russian Federation.

Decision of the Government of the Russian Federation No. 691 of September 23, 2002 on the Endorsement of the Regulations on the Licensing of Individual Types of Activities Pertaining to the Means of Encoding (Cryptography)

Endorses Regulations on the licensing of activities in distribution, technical maintenance of the means of encoding (cryptography), providing services in the sphere of information encoding, development, production of the means of encoding (cryptography), information and telecommunication systems protected with the means of encoding (cryptography). The earlier issued licenses preserve their force for the mentioned types of activities until expiry.
The licensing body is the Federal Agency of the Governmental Communication and Information of the President of the Russian Federation.

Order of the State Customs Committee of the Russian Federation No. 909 of August 29, 2002 on the Places of the Customs Registration of Commodities Requiring Special Storage Conditions

Provides the list of the customs bodies considered as the places of the customs registration of commodities requiring special storage conditions.
The mentioned customs bodies may permit the storage of the mentioned commodities at temporary storage warehouses with specially allocated freezing chambers for the storage of commodities of the mentioned categories. The customs fees for the customs registration of commodities and transport vehicles are collected in the single amount.
The Order is entered into force 30 days after the day of its official publication.
Registered in the Ministry of Justice of the Russian Federation on September 19, 2002. Reg. No. 3813.

Order of the State Customs Committee of the Russian Federation No. 444 of April 30, 2002 on the Customs Registration of Commodities Moved over Pipelines and Electric Power Lines

Endorses the Instruction on the customs registration of commodities moved across the customs border of the Russian Federation over pipelines and electric power lines.
The Instruction applies also to intermodal commodity transportation by different types of transport one of which being pipelines.
The general management of the activities of the customs bodies in the customs registration of commodities (other than those moved over the water and ammonia conduits), customs and currency control is vested in the Central Power Supply Customs Office.
The Order is entered into force 30 days after its official publication.
Registered in the Ministry of Justice of the Russian Federation on September 19, 2002. Reg. No. 3809.

Direction of the Central Bank of Russia No. 1188-U of August 20, 2002 on the Amendments to the Normative Acts of the Bank of Russia in the Sphere of Currency Regulation and Currency Control

Extends the list of operations carried out without the permission of the Bank of Russia. Now, the permission of the Bank of Russia is not required for the transfers of foreign currencies by resident natural persons (other than independent entrepreneurs) from the Russian Federation and in favour of such persons in the Russian Federation for current expenses (other than for entrepreneurial, investment activities or for the purchase of rights for immovable property) for the amount not greater than USD 2,000 and not more than once in an operative day through one authorized bank.
The Direction is entered into force 10 days after the day of official publication in the Herald of the Bank of Russia.
Registered in the Ministry of Justice of the Russian Federation on September 19, 2002. Reg. No. 3808.

Letter of the Ministry of Taxation of the Russian Federation No. VG-6-03/1385@ of September 10, 2002 on the Highway User Tax

The Federal Law No. 110-FZ of July 24, 2002 omitted Subitem "l" from Item 1 of Article 20 of the Law of the Russian Federation No. 2118-1 of December 27, 1991 on the fundamentals of the tax system in the Russian Federation. This item was used as the basis to include in the federal taxes the taxes serving as sources of building of highway funds, including the highway user tax.
Since the given subitem was omitted, the issue of collection of the given tax in 2002 emerged.
The Letter explains that Article 5 of the Law of the Russian Federation No. 1759-1 of October 18, 1991 on the highway funds in the Russian Federation dedicated to the highway user tax is invalidated from January 1, 2003. The incomes from the highway user tax are envisaged in the federal budget for the year 2002. Therefore, the procedure of payment of the given tax is preserved in 2002.

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