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 24.12.2002

Federal Law No. 174-FZ of December 19, 2002 on the Amendment to the Federal Law on the Federal Budget for the Year 2002

The Law on the budget is extended to include Article 131.1 stating that the Government of the Russian Federation may get the subvention in the amount of Rbl 13,252,000 from OAO Link to eliminate the consequences of the terrorist act committed in Moscow on October 23-26, 2002.
The Federal Law is entered into force from the day of its official publication.

Decision of the Government of the Russian Federation No. 912 of December 20, 2002 on the Invalidation of Some of the Decisions of the Government of the Russian Federation in Issues of Circulation of Lands of Agricultural Destination

Pursuant to the entering into force of the Law on the circulation of lands of agricultural destination, invalidates individual acts of the Government of the Russian Federation, in particular, Decision No. 86 of December 29, 1991 on the procedure of reorganization of collective farms and Soviet farms, No. 708 of September 4, 1992 on the procedure of privatisation and reorganization of the enterprises and organisations of the agroindustrial complex, No. 96 of February 1, 1995 on the procedure of implementation of the rights of owners of land and property shares.
The Decision is entered into force from January 27, 2003.

Decision of the Government of the Russian Federation No. 908 of December 20, 2002 on the Accession of the Russian Federation to the International Convention for the Protection of Performers, Producers of Phonograms and Broadcasting Organisations

The Ministry of Foreign Affairs of the Russian Federation is ordered to draw up the Decision on the accession to the Convention of October 26, 1961 (with declaration on the application of individual reservations for individual provisions of the Convention).

Order of the State Customs Committee of the Russian Federation No. 1067 of October 8, 2002 on the Endorsement of the Regulation on the Commodity Temporary Import (Export) Customs Regime

The temporary import (export) of commodities is implied to be the customs regime permitting for the use of commodities on the territory of the Russian Federation or outside it with full or partial exemption from the customs duties, taxes and without application of the measures of economic policy. Temporarily imported (exported) commodities must be returned intact with exception of the changes of natural wear or loss under normal transportation and storage conditions. The mentioned commodities may be subject to measures of non-tariff regulation except for the measures of economic policy.
The temporary import (export) customs regime does not apply to commodities and transport vehicles moved by natural persons according to the simplified, exemption procedure.
The Order defines the procedure of fixing and prolongation of the time limits of the temporary import (export) of commodities, determination and declaring of their customs cost, ensuring the payment of the customs duties and taxes, as well as the customs registration and control.
The Order lists the categories of commodities not permitted for placing under the temporary import (export) customs regime.
The Order is entered into force 30 days after its official publication.
Registered in the Ministry of Justice of the Russian Federation on December 18, 2002. Reg. No. 4045.

Decision of the Federal Power Supply Commission of the Russian Federation No. 75-e/5 of October 30, 2002 on the Endorsement of the Order of Consideration of Cases of Fixing of Tariff Rates (Prices) for Electric and Thermal Power

The order defines the procedure of registration, accepting for consideration and refusal to consider applications on the fixing of tariff rates (prices), procedure of carrying out expert evaluation in cases of fixing of tariff rates (prices) and other issues due for consideration by the federal and regional power supply commissions of cases of fixing of tariff rates for electric and thermal power.
The time limit for consideration by the regulating body of cases of fixing of tariff rates (prices) may not be greater than 30 calendar days. With consent of the organisation in charge of the regulatory activities, the time limit for consideration of the case may be extended, but not more than for 30 calendar days.
The Decision is entered into force 30 days after the day of its official publication.
Registered in the Ministry of Justice of the Russian Federation on December 18, 2002. Reg. No. 4040.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-04/641 of November 10, 2002 on the Endorsement of the Forms of Information on Transport Vehicles and Their Registering Persons Submitted by the Bodies in Charge of the State Registration of Transport Vehicles

The Order is issued to implement the provisions of Chapter 28 "Transport Tax" of the Tax Code of the Russian Federation. The bodies in charge of the state registration of transport vehicles must report to the tax bodies at the place of their location transport vehicles registered or removed from records in these bodies, as well as their registering persons, within 10 days after registration or removal from records. The bodies in charge of the registration must also report information on all transport vehicles, as well as their registering persons, as of December 31 of the expired calendar year before February 1 of the current calendar year, as well as on all changes pertaining to them in the previous calendar year. Information on transport vehicles registered before January 1, 2003 is submitted according to the procedure coordinated with the Ministry of Taxation of the Russian Federation.
Registered in the Ministry of Justice of the Russian Federation on December 18, 2002. Reg. No. 4038.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-32/705@ of December 10, 2002 on the Organization and Functioning of the System of Submission of Tax Declarations and Accounting Reports in the Electronic Form Via Telecommunication Channels

According to Item 4 of the Procedure of submission of the tax declaration in the electronic form via telecommunication channels endorsed by the Order of the Ministry of Taxation of the Russian Federation No. BG-3-32/169 of April 2, 2002, submission of the tax declaration in the electronic form is permitted at the taxpayer initiative if he and the tax body possess common technical means and opportunities to accept and process it according to the standards, formats and procedures endorsed by the Ministry of Taxation of the Russian Federation.
The Order specifies:
- requirements to the software and hardware means of submission of the tax declarations and accounting reports in the electronic form via telecommunication channels;
- support procedure for the format of submission of reports in the electronic form;
- requirements to the specialized communication operators;
- rules of using of the electronic digital signature and means of encoding;
- procedure of electronic document turnover when submitting the tax declarations and accounting reports in the electronic form via telecommunication channels.

Order of the Ministry of Economic Development of the Russian Federation No. 374 of November 15, 2002 on the Wholesale Price for Liquefied Gas for Household Needs

From January 1, 2003, the wholesale price for liquefied gas for household needs is fixed to amount to Rbl 1,350 (without VAT) per ton (from May 1, 2001, the mentioned price was Rbl 1,050 (without VAT) per ton).
According to the Statement of the Ministry of Justice of the Russian Federation No. 07/11758-YuD of December 15, 2002, the present Order does not need state registration.

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