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 28.04.2003

Decision of the Government of the Russian Federation No. 232 of April 24, 2003 on the Amendments to the Decision of the Government of the Russian Federation No. 791 of November 1, 2002

Lifts the restriction of the effective period of the rules of redemption by legal entities of the debts in borrowings and/or wilfully spent material values of the state material reserve as of January 1, 2001.
The Ministry of Finance is ordered to define in coordination with the Russian Agency for State Reserves the procedure of recording and entering as incomes in the federal budget of the monetary resources paid by the legal entity in redemption of the debt.

Decision of the Government of the Russian Federation No. 237 of April 24, 2003 on the Amendment to the Customs Tariff of the Russian Federation

The rate of the customs duty for starch treacle (code according to the Foreign Trade Commodity Nomenclature of Russia 1702 30 990 1) is fixed to amount to 15% of the customs cost, however, not less than EUR 0.066 per kg. Earlier, the rate amounted to 5% of the customs cost.
The Decision is entered into force one month after the day of its official publication for 9 months.

Decision of the Government of the Russian Federation No. 238 of April 24, 2003 on the Organisation of the Independent Technical Expert Evaluation of Transport Vehicles

Endorses the rules of organisation and carrying out of the interdependent technical expert evaluation of the transport vehicle when solving the issue of insurance compensation paid out under the contract of obligatory insurance of the civil responsibility of the owner of the transport vehicle.
The goal of the expert evaluation is the fixing of the availability and nature of the damage, its reasons, as well as the technology, volume and cost of repair of the transport vehicle. The fixing of the fault of the person in the violation of the traffic rules is beyond the goals of the expert evaluation.
The expert evaluation is carried out by an expert organisation or expert technician - natural person having undergone a professional certification and entered in the State Register of Expert Technicians. The payment for their services is effected at the expense of the insurer (victim) in compliance with concluded contract.
The Rules are entered into force from July 1, 2003.

Decision of the Government of the Russian Federation No. 239 of April 24, 2003 on the Amendments to Item 1 of the Decision of the Government of the Russian Federation No. 537 of July 18, 2002

Sets forth that the time of works carried out before January 1, 1992 out of those included in Lists 1 and 2 of the production facilities, shops, professions and positions permitting to get the state pension on beneficial terms and in beneficial amounts endorsed by the Decision of the Council of Ministers of the USSR No. 1173 of August 22, 1956 (with amendments) is included in the length of service permitting for en early assignment of the old-age labour pension together with the works envisaged in the lists endorsed by the Decision of the Cabinet of Ministers of the USSR No. 10 of January 26, 1991.
Women occupied in the textile industry in heavier and more intensive works shall have included in the length of service also works carried out before March 1, 1992 and included in the list of production facilities and professions permitting to get the old-age pension after 50 years of age with at least 20 years length of service in these professions endorsed by the Decision of the Council of Ministers of the USSR No. 1021 of November 10, 1967.
The Decision applies to legal relations emerging from January 1, 2002.

Decision of the Government of the Russian Federation No. 241 of April 24, 2003 on the Endorsement of the Regulation on the Confirmation by a Foreign Citizen or Stateless Person of Availability of Resources Necessary for the Living on the Territory of the Russian Federation and Exit from the Russian Federation or on Guarantees to Present Such Resources When Applying for the Visa or in the Point of Transfer across the State Border of the Russian Federation

A confirmation of the availability of resources necessary for the living and exit or guarantee of their presentation is the letter of guarantee of the inviting party, invitation for the foreign citizen or stateless person to the Russian Federation, contract of the tourist trip and the document confirming their reception by the Russian tourist organisation, as well as the valid return tickets.
The confirmation is not necessary in cases of business trips, official visits to the Russian Federation, travel to the Russian Federation of a member of the family of the foreign citizen working in the Russian Federation, travel to the Russian Federation of a person recognised as refugee.

Regulation of the Central Bank of Russia No. 219-P of March 25, 2003 on the Servicing and Circulation of the Issues of the Federal State Securities

Sets forth the procedure of deploying, circulation, servicing and redemption of the state short-term couponless bonds, bonds of the federal loans and the state federal bonds.
The transfer of the rights of ownership for the bonds from one holder to another occurs when they are entered on the custody account of their new holder at the moment of entry on the credit of the account.
The Regulation 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 April 23, 2003. Reg. No. 4438.

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