Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 13.01.2003

Decision of the Government of the Russian Federation No. 6 of January 8, 2003 on the Procedure of Endorsement of the Rules of Internal Control in Organisations Carrying Out Operations with Monetary Resources and Other Property

The rules of internal control are endorsed by the heads of organisations within one month from the day of the state registration of the created organisations, and for other organisations, from the day of entry into force of the Decision. The rules of internal control are submitted for coordination to the appropriate enforcement body, and in the case of absence of enforcement bodies in the sphere of activities of such organisations, to the Committee for Financial Monitoring of Russia within 5 working days from the date of their endorsement.

Decision of the Government of the Russian Federation No. 5 of January 8, 2003 on the Invalidation of the Decisions of the Government of the Russian Federation Pertaining to Investigation of Industrial Accidents

Pursuant to Article 229 of the Labour Code of the Russian Federation defining the procedure of investigation of industrial accidents, invalidates the Decision of the Government of the Russian Federation No. 279 of March 11, 1999 on the endorsement of the regulation on investigation and registration of industrial accidents with amendments.

Decision of the Government of the Russian Federation No. 4 of January 8, 2003 on the Amendments to the Decision of the Government of the Russian Federation No. 807 of July 6, 1994

Increases three times the amounts of the monthly supplement for the scientific grade to employees occupying staff positions in the budget-supported scientific institutions (organisations) and higher educational institutions. The supplement for the scientific grade amounts to: Rbl 1,500 for the doctor of sciences and Rbl 900 for the candidate of sciences. The supplement is paid out to professors and teachers of the budget-supported higher educational institutions from January 1, 2003, and other workers of the budget-supported scientific institutions (organisations) and higher educational institutions, from April 1, 2003.

Order of the Government of the Russian Federation No. 9-R of January 8, 2003

The recommendation on the development by organisations carrying out operations with monetary resources and other property of the rules of internal control for the purposes of prevention of legalisation (laundering) of incomes obtained in a criminal way is amended to reflect the new provisions introduced by the Law No. 131-FZ of October 30, 2002 having entered into force from January 3, 2003.
The list of organisations developing the rules of internal control is extended to include those engaged in sales of precious metals and precious stones, gambling business, as well as managing investment and non-state pension funds.
The Order excludes the provision stating that the rules are endorsed within one month from the day of entry into force of the changed recommendations or registration of the newly created organisation.

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