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 16.01.2003

Federal Law No. 19-FZ of January 10, 2003 on the Election of the President of the Russian Federation

The new Law takes account of the provisions of the Laws on the main guarantees of electoral rights and the right to participate in the referendum of the citizens of the Russian Federation and on political parties.
The Law preserves the actual majority election system envisaging that election of the President of the Russian Federation may be carried out in two ballots.
However, in view of the creation of the legislative base providing for the participation of political parties in the election, the Law contains some innovations. In particularly, it sets forth the requirements to electoral blocks taking part in the election. The electoral block must include at least one political party. Together with it, there may be also other all-Russia public associations created in the form of a public organisation and public movement. The mentioned public associations may not take part in the election of the President of the Russian Federation independently.
The self-nominated candidate, as well as the political party or electoral block having nominated the candidate must collect at least two million signatures of the electorate in favour of the nominee, which is two times as great as the number required under the previous Law, with the number of signatures of the electorate per subject of the Russian Federation being reduced from 70,000 to 50,000.
The Federal Law is entered into force from the day of its official publication.

Decision of the Government of the Russian Federation No. 15 of January 8, 2003 on the Supplies of Liquefied Hydrocarbon Gases to the Internal Market in the First Six Months of 2003

In the first six months of 2003, the registration of supplies of liquefied hydrocarbon gases for export is carried out by the customs bodies under the condition of submission by oil and oil-and-gas processing organisations of resource certificates confirming the availability with supplier organisations of the mentioned products in volumes necessary for export taking into account the balance targets fixed by the Ministry of Power Supplies in coordination with the Ministry of Economic Development.

Order of the Ministry of Transport of the Russian Federation No. 158 of December 24, 2002 on the Endorsement of the Fire Safety Rules on the Vessels of Internal Water Transport of the Russian Federation

Sets forth the fire safety requirements on the internal and intermodal (river- and sea-goring) vessels being in operation, under repair and in idle condition obligatory for execution by all ship owners and members of vessel crews regardless of their organizational and legal forms and forms of ownership.
The rules apply to self-propelled vessels with main engine power rating of at least 55 kW, non-self-propelled vessels with at least 80 ton capacity, passenger vessels and tankers, ferries.
Registered in the Ministry of Justice of the Russian Federation on January 4, 2003. Reg. No. 4091.

Order of the Ministry of Transport of the Russian Federation No. 129 of October 14, 2002 on the Endorsement of the Rules of Navigation on Internal Waterways of the Russian Federation

The rules apply to vessel crews, legal entities and independent entrepreneurs involved in navigation on internal waterways pertaining to operation and use of floatable objects, maintenance of navigation waterways and hydrotechnical structures in the navigation on internal waterways of the Russian Federation. The Order sets forth permitted vessel dimensions, requirements to the placing of signals on the vessels, defines the signs regulating the traffic on internal waterways.
Registered in the Ministry of Justice of the Russian Federation on December 30, 2002. Reg. No. 4088.

Decision of the Management Board of the Pension Fund of Russia No. 122p of October 21, 2002 on the Forms of the Documents of the Individual (Personified) Records in the System of the State Pension Insurance and Their Filling Instruction

Endorses the forms of the "Questionnaire of the Insured Person (ADV-1)", "Individual Information on the Length of Service, Earnings (Awards), Incomes and Accrued Contributions to the Pension Fund of Russia of the Insured Person (SZV-3)" and other documents of the individual (personified) records in the system of the state pension insurance.
The Order provides the Instruction on the filling of the endorsed forms.
Registered in the Ministry of Justice of the Russian Federation on December 19, 2002. Reg. No. 4051.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-06/756 of December 31, 2002 on the Procedure of Entering into Force of the New Forms of Tax Declarations

To adjust the procedure of entering into force of the new forms of tax declarations, endorses the uniform requirements to the building of the new tax declarations. Specifies that when new forms of tax declarations are entered into force, it is obligatory to have:
- the form of the tax declaration;
- its filling instruction;
- format of the declaration submitted in the electronic form;
- document containing control factors, including those with information obtained from external sources to carry out the automatic office tax check.

Order of the Ministry of Taxation of the Russian Federation No. VG-6-02/2025@ of December 30, 2002 on the Procedure of Calculation and Payment of the Profit Tax from Organisations by Taxpayers Incorporating Separate Divisions

To simplify the procedure of drawing up of the payment documents to transfer the tax to the budget for each of the separate divisions, the organisation may decide, before the beginning of the tax period, to pay the profit tax to the budget of the subject of the Russian Federation at the place of location of the organisation determined according to the total amounts of the tax calculated for the organisation without the separate divisions and for each of the separate divisions on the territory of the same subject of the Russian Federation as the organisation itself. If the organisation has separate divisions on the territory of another subject of the Russian Federation, it may also decide to pay the profit tax to the budget of this subject of the Russian Federation determined according to the total amounts of the tax calculated for each of the separate divisions.
The Order sets forth the procedure of switchover to the mentioned procedure of transfer of the profit tax.

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