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 10.07.2003

Federal Law No. 126-FZ of July 7, 2003 on Communication

The new Law invalidates the Federal Law of February 16, 1995 on communication. The Federal Law specifies the legal fundamentals of activities in the sphere of communication, defines the authority of the bodies of state power in the sphere of communication, the rights and duties of the parties engaged in the mentioned activities or using communication services. Regulates the rendering of multi-purpose communication services which include, in particular, the services in data transfer and providing Internet access through collective stations. Introduces the notion of the "operator" occupying a special position in the public-use network. Defines the requirements to the connection procedure for telecommunication networks and their interaction with the telecommunication network of such operator, as well as the pricing procedure for the connection and traffic services rendered by these operators. Regulates in detail the procedure of issue, redrawing, changing, suspension, renewal and revocation of the licenses.
The Federal Law is entered into force from January 1, 2004 with the exception of the norm obliging beneficial-price users to pay for the rendered services in full to be covered afterwards from the budget. The mentioned norm is entered into force from January 1, 2005.

Federal Law No. 92-FZ of July 4, 2003 on the Amendments to the Code of Criminal Procedures of the Russian Federation

The amendments eliminate the revealed opportunities of ambiguous interpretation of individual norms of the Code and drawbacks revealed in the course of its application. The Law changes the blank forms of procedural documents used in pre-trial investigation. The Code is extended to include documents used in court proceedings.
The Federal Law is entered into force from the day of official publication.

Decision of the Government of the Russian Federation No. 411 of July 7, 2003 on the Endorsement of the Rates of Export Customs Duties for Commodities Exported from the Russian Federation Outside the Member-States of the Customs Union Agreements

Lists individual types of commodities to be exported outside the member-states of the Customs Union agreements free. These are individual types of potassium fertilisers (earlier, 5% of the customs cost), ethyl non-denatured alcohol (earlier, 6.5% of the customs cost) and other.
The Decision is entered into force one month after the day of its official publication

Decision of the Government of the Russian Federation No. 410 of July 7, 2003 on the Endorsement of the Requirements to the Content and Procedure of Issue of the Notifications of the Purchase of Ethyl Alcohol Including the Denatured One

The notification is the document permitting the organisation to buy ethyl alcohol, including the denatured one, within the limits of allocated quotas and confirming the legality of its distribution.
The issue and registration of the notifications of the purchase of ethyl alcohol, including the denatured one, from edible raw materials is vested in the Ministry of Agriculture of the Russian Federation, and ethyl alcohol, including the denatured one, from non-edible raw materials - in the Ministry of Economic Development of the Russian Federation.
The payment for the drawing up and issue of the notification to the organisation is not collected.

Decision of the Government of the Russian Federation No. 409 of July 7, 2003 on the Amendments to the Customs Tariff of the Russian Federation

Reduces the rates of import customs duties for individual commodities: lemon acid, parts of transformers, capacitors, resistors, diodes, photo-sensitive semi-conductor instruments, electronic circuits, as well as the bulbs and lighting equipment for medical purposes.
The Decision is entered into force one month after the day of its official publication for 9 months

Regulation of the Central Bank of Russia No. 230-P of June 4, 2003 on the Reorganisation of Credit Organisations in the Form of a Merger and Incorporation

Defines the list of information and documents necessary for the state registration of the credit organisation created by merger, as well as the state registration of the changes in the constituent documents of the credit organisation in view of its reorganisation in the form of incorporation. Specifies the procedure of submission and examination of the mentioned documents and information in the Bank of Russia and defines the particulars of the licensing of activities of credit organisations in cases of reorganisation in the from of a merger or incorporation.
The state registration of the reorganised credit organisation is charged with the state duty according to the commonly accepted procedure. Such credit organisation does not have to meet the requirements of the minimum amount of the registered capital fixed by the Bank of Russia for the newly created credit organisations.
The Regulation is entered into force 10 days after the day of its official publication in the Herald of the Bank of Russia.
Registered in the Ministry of Justice of the Russian Federation on July 7, 2003. Reg. No. 4868.

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