Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 8.04.2003

Federal Law No. 44-FZ of April 5, 2003 on the Procedure of Registration of Incomes and Estimation of the Average Per Capita Income of the Family and Incomes of a Single Citizen to Recognise Them As Low-Income Persons and Render State Social Aid to Them

Defines the procedure of registration of incomes and calculation of the average per capita income for the purposes of rendering state social aid to low-income families or low-income single citizens.
The estimate is made proceeding from the amount of incomes of the family members or the single citizen for the three most recent calendar months preceding the month of submission of the application for the state social aid. The total incomes take account of the types of incomes both in monetary form and in kind from all sources and on any grounds. The incomes include also the monetary equivalents equal to the cost of the benefits granted to the mentioned persons, as well as incomes from sale or leasing of immovable and other types of property, incomes from personal part-time farm. The list of the types of incomes taken into account in the calculation of the average per capita incomes to render the state social aid is specified by the Government of the Russian Federation.
The Law defines the particulars of the procedure of registration of individual types of incomes of the family, including those from seasonal, temporary works, from personal part-time farm, from property leasing and some other types of incomes.
The Federal Law is entered into force one month after the day of its official publication.

Federal Law No. 43-FZ of April 5, 2003 on the Amendments to the Code of the Internal Water Transport of the Russian Federation

Sets forth that the state registration in the State Register of Ships of the Russian Federation does not apply to sports sailing ships regardless of the presence and power rating of the main engines and capacity of such vessels. The sphere of reference of the bodies of technical supervision and classification of the vessels of the Russian Federation now does not include technical supervision of the sports sailing ships.
The Federal Law is entered into force from the day of its official publication.

Federal Law No. 42-FZ of April 5, 2003 on the Amendments to the Federal Law on Power Conservation

In the framework of the program of reformation of the electric power industry of the Russian Federation envisaged the transfer to the bodies of executive power of the subjects of the Russian Federation of the authority in the sphere of granting benefits to consumers and producers of power resources providing better figures as compared to the state standards.
The Federal Law is entered into force from the day of its official publication.

Federal Law No. 41-FZ of April 5, 2003 on the Amendments to Article 30 of the Federal Law on the Higher and Post-Graduate Professional Education

The amount of the supplement to the salary for the position (rates) of scientific and pedagogical workers of institutions of higher education is increased three times and is fixed to amount to: Rbl 900 for the scientific grade of the candidate of sciences and Rbl 1,500 for the scientific grade of the doctor of sciences.
The Federal Law is entered into force from the day of its official publication and applies to legal relations emerging from January 1, 2003.

Federal Law No. 40-FZ of April 5, 2003 on the Ratification of the Agreement Between the Russian Federation and the Republic of Kazakhstan on the Delimitation of the Bottom of the Northern Part of the Caspian Sea for the Purposes of Implementation of Sovereign Rights for the Use of Natural Resources and Protocol to the Agreement between the Russian Federation and the Republic of Kazakhstan on the Delimitation of the Bottom of the Northern Part of the Caspian Sea for the Purposes of Implementation of the Sovereign Rights for the Use of Natural Resources of July 6, 1998

Ratifies the Agreement signed in Moscow on July 6, 1998 and the Protocol to it signed in Moscow on May 13, 2002.

Decision of the Federal Commission for Securities Market of the Russian Federation No. 03-4/ps of February 5, 2003 on the Endorsement of the Method of Calculation of Own Resources of Professional Participants of the Securities Market

Lists the types of resources with amounts comprising own resources of professional participants of the securities market, as well as resources not included in the estimate.
Own resources are increased (reduced) by the amount of the positive (negative) difference between the estimated and the balance cost of the objects of immovable property and unfinished construction where there is a statement of an independent assessor of their estimated cost as of the date not earlier than 1 year before the date of submission to the Federal Commission for Securities Market of the Russian Federation of information on the amount of own resources of the professional participant.
The method is not used to estimate own resources of credit organisations.
Registered in the Ministry of Justice of the Russian Federation on April 2, 2002. Reg. No. 4359.

Order of the Ministry of Justice of the Russian Federation No. 68 of March 25, 2003 on the Endorsement of the Rules of Consideration of Applications and Taking Decisions on the State Registration

Endorses the procedure of consideration of applications and taking decisions by the Ministry of Justice of the Russian Federation and its territorial bodies on the state registration of trade and industry chambers, public associations, including political parties, trade-unions and national and cultural autonomies, as well as religious organisations.
Registered in the Ministry of Justice of the Russian Federation on April 1, 2003. Reg. No. 4350.

Order of the State Customs Committee of the Russian Federation No. 203 of March 3, 2003 on the Declaring of Commodities

Endorses the new procedure of declaring of commodities placed under the customs regime of release for free circulation or export using the simplified form. The declaring at the desire of the declaring party is arranged by submitting a written application and other listed documents under the condition that the total customs cost of the commodities is not greater than USD 1,000 equivalent, and the commodities are moved by one and the same person on the same transport vehicle under the same contract or without any relation to a contract.
The Order sets forth that for customs registration of commodities with the customs cost not exceeding USD 500 equivalent customs duties are not collected.
The Order does not apply to the procedure of declaring of excisable commodities subject to licensing or labelling, currency values exempted from commodity duties, as well as commodities subject to measures of non-tariff regulation.
The Order is entered into force 10 days after its official publication.
Registered in the Ministry of Justice of the Russian Federation on March 31, 2003. Reg. No. 4347.

Operative Direction of the Central Bank of Russia No. 48-T of March 31, 2003 on the Scheme of Transfer of the Balance of the Credit Organisation with a Revoked License for Bank Operations to an Actual Chart of Accounts

Pursuant to the adoption of the new rules of accounting work in credit organisations, provides the table of correspondence of accounts as of January 1, 1998 and 2002 to the accounts of the new chart of accounts having entered into force from January 1, 2003.

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