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 3.04.2003

Decision of the Government of the Russian Federation No. 177 of March 31, 2003 on the Organisation and Implementation of the State Monitoring of the Environment (State Ecological Monitoring)

Endorses the procedure of organisation and implementation of the complex system of monitoring of the condition of the environment, evaluation and forecasting of the changes of the condition of the environment under the influence of natural and man-induced factors.
The monitoring is vested in the Ministry of Natural Resources of the Russian Federation, Russian Hydrometeorological Service, Russian Land Cadastre, Ministry of Agriculture of the Russian Federation, State Committee for Fishing and other bodies of executive power.

Decision of the State Mining and Industrial Supervision Agency of the Russian Federation No. 5 of March 4, 2003 on the Endorsement of the Regulation on the Expert Evaluation of Industrial Safety of Hazardous Industrial Objects Using Underground Structures

Defines the terms of arranging of the expert evaluation of the industrial safety, drawing up and endorsement of the statements of the expert evaluation of industrial safety of industrial objects using the following lifting devices: cargo cranes of all types, elevators and communication systems, ropeways, moving staircases, lifts (towers), funiculars, construction lifts, invalid lifting platforms.
The Regulation is obligatory for execution by all legal entities regardless of the organisational and legal form engaged in expert evaluation of industrial safety of the mentioned objects.
Registered in the Ministry of Justice of the Russian Federation on March 28, 2003. Reg. No. 4345.

Letter of the Central Bank of Russia No. 44-T of March 26, 2003 on the Overall Liquidity Normative (N5)

Explains the procedure of application of sanctions to credit organisations in cases of failure to observe the overall liquidity normative (N5). Suggests, in particular, to use information on the level of observation of the overall liquidity normative (N5) in the framework of the contensive analysis of the situation in credit organisations. If the results of the analysis do not show shortcomings in the condition and/or management of the liquidity of the credit organisation, the territorial institution of the Bank of Russia does not apply to the credit organisation sanctions envisaged in the federal laws for the failure to observe the mentioned normative by the credit organisation.

Letter of the Ministry of Taxation of the Russian Federation No. AS-6-06/326 of March 20, 2003 on the Interaction with the Federal Bodies of the Tax Police During Dissolution of the Federal Service of the Tax Police of Russia

During the period fixed for the dissolution of the Federal Service of the Tax Police of the Russian Federation, the tax bodies will continue to interact with the bodies of the Federal Service of the Tax Police of the Russian Federation according to the earlier defined procedure. The tax bodies are ordered to inform immediately the bodies of the prosecutor's office of the facts of refusal of the heads of the bodies of the tax police to accept and examine the materials of the violation of the legislation on taxes and fees containing the signs of a crime sent by the tax bodies.

Ruling of the Cassation Board of the Supreme Court of the Russian Federation No. KAS 03-24 of February 6, 2003

Recognises as contradicting the federal legislation and invalid from the day of adoption of the Decision Paragraph 4 of Subitem "b" of Item 4 of the Regulation on the licensing of purveying, processing and sale of the scrap of non-ferrous metals endorsed by the Decision of the Government of the Russian Federation No. 552 of July 23, 2002 specifying as the license requirement and condition the availability of the scrap baler at every object.

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