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 7.03.2003

Decision of the Government of the Russian Federation No. 137 of March 1, 2003 on the Temporary Measures to Protect the Beet and Sugar Complex

Introduces for 180 days the temporary special duty for the imported commodity (code according to the Foreign Trade Commodity Nomenclature of the Russian Federation 90 990 0) in the amount of 45% of the customs cost, however, not less than EUR 0.2 per kg of dry matter. The duty is collected for the commodity originating in Belarus except for the case of its release for free circulation in Belarus without collection of the temporary special duty or without the transfer of the paid amounts of this duty to the federal budget.
The Decision is entered into force one month after the date of its official publication.

Order of the Government of the Russian Federation No. 268-r of February 27, 2003

Endorses the plan of legislative activities of the Government of the Russian Federation for the year 2003. In April 2003, it is planned to introduce in the State Duma draft laws on the entering into force of the new chapters of the Tax Code of the Russian Federation - "The Land Tax", "The Property Tax from Organisations", "The Property Tax from Natural Persons", "The Succession or Donation Tax", and in June - the draft law on the payment for the negative interference in the environment.
Besides, in 2003, it is planned to introduce in the Russian Parliament a number of draft codes, in particular, the new wordings of the Forestry Code, the Water Code, the new Housing Code.

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