Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 11.07.2003

Decision of the Government of the Russian Federation No. 415 of July 9, 2003 on the Amendments to the Classification of the Fixed Assets Included in the Amortisation Groups

Amends many headings of the classification of the fixed assets included in the amortisation groups. Many of the changes will apply beginning with January 1, 2003.

Direction of the Central Bank of Russia No. 1304-U of July 9, 2003 on the Fixing of the Amount of the Obligatory Sale of the Currency Receipts from the Export of Commodities (Works, Services, Results of Intellectual Activities)

Fixes the amount of the obligatory sale of the currency receipts from the export of commodities (works, services, results of intellectual activities) to 25% of the currency receipts.
The Direction is entered into force from the day of official publication in the Herald of the Bank of Russia.
Registered in the Ministry of Justice of the Russian Federation on July 9, 2003. Reg. No. 4881.

Order of the Ministry of Finance of the Russian Federation No. 60n of July 4, 2003 on the Contest for the Choice of the Specialised Depositary to Conclude Contracts for the Services of the Specialised Depositary with the Pension Fund of the Russian Federation and on the Contest for the Choice of the Management Companies to Conclude the Contract of Trust for the Resources of the Accumulated Pensions with them by the Pension Fund of the Russian Federation

Endorses the forms of the notifications of the contest for the choice of the specialised depositary and management companies, as well as the forms of applications for participation in the contest.
Examination, evaluation and comparison of the applications is vested in the contest commission according to the endorsed Regulation.
Registered in the Ministry of Justice of the Russian Federation on July 8, 2003. Reg. No. 4880.

Order of the Ministry of Justice of the Russian Federation No. 152 of June 27, 2003 on the Endorsement of the Instruction on the Procedure of State Registration of the Rights for Immovable Property and Deals with It in Condominiums

The Instruction regulates the issues pertaining to the state registration of the rights for the objects of immovable property of a condominium carried out by the legal institutions in charge of the registration of the rights for immovable property and deals with it. Defines the particulars of providing information of the registered rights for the rooms (dwelling and other) possessed by house owners, of the objects of immovable property in a condominium and possessed by house owners as a shared property.
Registered in the Ministry of Justice of the Russian Federation on July 7, 2003. Reg. No. 4874.

Order of the Ministry of the Railways of the Russian Federation No. 42 of June 18, 2003 on the Endorsement of the Rules of Presenting and Examination of Claims Pertaining to Cargo Transportation by the Railway Transport

Defines the procedure of presenting claims to the carrier pertaining to cargo transportation. The right for the claim belongs to the consignee or consignor, and in individual cases, to the owner of the public-use railway track. The claim must have attached the documents confirming it. The claim right pertaining to cargo transportation may also be granted to the insurer having paid out the compensation to the consignor, consignee because of the improper execution of the transportation duties by the carrier.
Registered in the Ministry of Justice of the Russian Federation on June 30, 2003. Reg. No. 4855.

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