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 17.01.2003

Decision of the Government of the Russian Federation No. 17 of January 15, 2003 on the Amendments to the Decisions of the Government of the Russian Federation No. 1358 of December 8, 1999 and No. 1364 of December 9, 1999

The rate of the customs duty for raw zinc (Foreign Trade Commodity Nomenclature code 7901) exported from the territory of the Russian Federation outside the member-states of the Customs Union agreements is reduced two times and is fixed to amount to 5% of the customs cost.
Phenol (hydroxibenzol) and its salts (Foreign Trade Commodity Nomenclature code 2907 11 000 0) are exported free (earlier, 6.5% of the customs cost).
The Decision is entered into force one month after the day of its official publication.

Decision of the Government of the Russian Federation No. 13 of January 14, 2003 on the Procedure of Endorsement of the List of Professions (Positions) and Works Directly Associated with the Movement of Transport Vehicles

The list of professions (positions) and works directly associated with the movement of transport vehicles is endorsed jointly by the federal bodies of executive power in the sphere of transport in coordination with the Ministry of Labour of the Russian Federation. The Ministry of Transport of the Russian Federation and the Ministry of the Railway Transport of the Russian Federation are ordered to endorse before July 1, 2003 the list of professions (positions) and works directly associated with the movement of transport vehicles.

Direction of the Central Bank of Russia No. 1220-U of December 10, 2002 on the Participation of Authorized Banks in the Registered Capitals of Foreign Credit Organisations Created and Operating in Compliance with the Legislation of Foreign Member-States of FATF and/or OECD and Not Being Branches of the Authorised Banks

Authorised banks may carry out according to the notification procedure money transfers, as well as purchase stocks to participate in the registered capitals of foreign credit organisations created and operating in compliance with the legislation of foreign member-states of OECD and/or FATF under the condition that in compliance with the legislations of the mentioned foreign states pertaining to foreign credit organisations, authorised banks would not dominate in their registered capitals and would not be able to define their adopted decisions otherwise. The Direction provides the list of foreign member-states of OECD and/or FATF.
No later than five working days after the date of carrying out of such operations, the authorised banks must submit to the Bank of Russia the notification of participation in the registered capital of a foreign credit organisation according to the attached form.
The Direction is entered into force 10 days after the day of its publication in the Herald of the Bank of Russia.
Registered in the Ministry of Justice of the Russian Federation on January 14, 2003. Reg. No. 4115.

Order of the State Customs Committee of the Russian Federation No. 1349 of December 16, 2002 on the Amendments to the Order of the State Customs Committee of Russia No. 402 of April 27, 2001

Pursuant to the increase in the rates of excise duty tax for commodities subject to this tax, endorses the new rates to calculate the amount of security of importer obligations. The rate for alcoholic items with ethyl alcohol content greater than 9% is increased by EUR 0.2 and is fixed to amount to EUR 2.4 per litre, EUR 14.5 (earlier, 10) per litre for champagne, EUR 15.7 per 1,000 pieces for filter cigarettes (earlier, 19 and 11 depending on the length).
Registered in the Ministry of Justice of the Russian Federation on January 9, 2003. Reg. No. 4105.

Order of the Russian Patent Agency No. 143 of December 15, 2002 on the Endorsement of the Procedures of Keeping of the State Registers of Inventions, Industrial Prototypes, Useful Models of the Russian Federation

Sets forth the requirements to the keeping of the state registers of inventions, industrial prototypes and useful models: their registration, introduction of amendments to information, as well as to the building of the books of the state registers and their storage. The keeping of the registers is vested in the Russian Patent Agency.
The endorsed procedures are entered into force ten days after the day of official publication of the Order.
According to the Statement of the Ministry of Justice of the Russian Federation No. 4087 of December 30, 2002, the Order does not need state registration.

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