Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 5.06.2003

Decision of the Government of the Russian Federation No. 320 of June 2, 2003 on the Endorsement of the Rules of Reimbursement from the Federal Budget of the Part of Expenses to Pay Interest under Credits Obtained in 2001-2003 in Russian Credit Organisations by Fish Industry Producers and Organisations to Build Fish Catching Vessels at Russian Shipbuilding Enterprises

Reimbursement from the federal budget of the part of expenses to pay interest (hereinafter, subsidies) under credits obtained in 2001-2003 for up to five years in Russian credit organisations is granted within the limits of resources of the federal budget envisaged in subsection "Fishing" of section "Agriculture and Fishing" of the functional classification of expenses of the budgets of the Russian Federation. The right to get the subsidy is granted on the contest basis to fish industry producers and organisations regardless of the form of ownership without overdue debts in obligatory payments to the budgets of all levels and to the state non-budgetary funds redeeming the credit and interest under the credit in due time (hereafter, organisations).
The subsidy is granted to the organisation on the monthly basis in the amount of half of expenses made to pay the interest under the credit under the condition that the interest rate is lower than or equal to the rate of refinancing of the Central Bank of Russia as of the date of the most recent payment of the interest under the credit. If the interest rate under the credit is greater than the refinancing rate of the Central Bank of the Russian Federation as of the date of the most recent payment of the interest under the credit, the subsidy is granted in the amount of one second of the mentioned refinancing rate.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-07/154 of March 31, 2003 on the Endorsement of the Storage Procedures for Alcoholic Products Placed under the Tax Warehouse Regime and the Uniform System of Recording of Their Flow

Endorses the mentioned procedures, as well as the forms of the act of inventory of alcoholic products at excise duty warehouse, notification of the supply (handing over) of alcoholic products from the excise duty warehouse, notification of the receiving of alcoholic products at excise duty warehouse, report of the volumes of alcoholic products available at the excide duty warehouse and other forms.
Specifies the requirements to the place of location of the excise duty warehouse and its outfit. Excise duty warehouses selling alcoholic products intended for retail trade must be outfitted with equipment permitting to provide for the placing of the bar code information on the special regional stamps.
Alcoholic products must be placed in the warehouse so as to permit an unobstructed access to them of officials of the tax bodies to check their quantity, quality, available markings.
Registered in the Ministry of Justice of the Russian Federation on June 4, 2003. Reg. No. 4636.

Decision of the Ministry of Labour of the Russian Federation No. 23 of April 29, 2003 on the Endorsement of the Procedure of Preparation and Examination of Suggestions to Determine the Quota for Invitations to Enter the Russian Federation for Employment Purposes Issued to Foreign Citizens

Employers wishing to attract foreign citizens in the coming year for employment purposes shall prepare and submit on the annual basis before June 1 to the Interagency Commission specially created for these purposes by the bodies of executive power of the subjects of the Russian Federation the request of the needed workforce to replace the vacant and newly created jobs through attraction of foreign employees.
When examining employer requests one should take into account the forecast of the demographic situation, expected disengagement of employees, availability of vacancies in appropriate sectors of economy, forecast of the total number of unemployed citizens, expected number of graduates of professional educational institutions, opportunities of the subject of the Russian Federation to settle the attracted foreign citizens etc.
The Interagency Commission shall submit on the annual basis before August 1 to the Ministry of Labour of the Russian Federation suggestions to determine the quota for the coming year with substantiation.
The Ministry of Labour of Russia shall distribute together with the Ministry of Internal Affairs of Russia and the Ministry of Economic Development of Russia on the annual basis before December 1 the all-Russia quota endorsed by the Government of the Russian Federation among the subjects of the Russian Federation and convey it to them before December 15.
Registered in the Ministry of Justice of the Russian Federation on May 29, 2003. Reg. No. 4604.

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