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 7.08.2003

Decision of the Government of the Russian Federation No. 468 of July 31, 2003 on the Amendments to the Regulation on the Federal Service of the Land Cadastre of Russia

The list of functions vested in the Federal Service of the Land Cadastre of Russia now does not include the drawing up of the lists of the payers of the land tax and rent for the land, participation in land tenders (auctions, contests), as well as the licensing of geodesy and cartography in design and survey works during land-planning measures and the keeping of the State Land Cadastre.

Decision of the Government of the Russian Federation No. 466 of July 31, 2003 on the Amendments to the Decision of the Government of the Russian Federation No. 369 of May 31, 2002

The changes pertain to the procedure of determination of the normative price for the state or federally owned stocks due for privatisation if more than one year passed from the date of registration of the joint-stock company formed during privatisation to the date of determination of the normative price of its stocks, or if the joint-stock company due for privatisation was not formed during privatisation.

Decision of the Government of the Russian Federation No. 465 of July 31, 2003 on the Amendment to the Regulation on the Ministry of Transport of the Russian Federation

The list of functions vested in the Ministry of Transport of Russia now does not include assistance in creation and functioning of financial and industry groups involving organisations of the transport complex, as well as protection of interests of the rights of consumers of the services of the air, sea, internal water, highway, urban electric and industrial transport.

Decision of the Government of the Russian Federation No. 458 of July 31, 2003 on the Publication and Amount of Payment for the Publication of the Notifications of the Development of the Draft National Standard and of the Termination of the Public Discussion of the Draft National Standard

The notifications of the development of the draft national standard and of the termination of its public discussion are published by the State Standards Committee of the Russian Federation in the Internet within 10 days and in the information guide "National Standards" within 2 moths from the day of receiving of the documents necessary for the publication.

      The notification of the termination of the public discussion of the draft national standard is published no sooner than 2 months after the day of publication of the notification of the development of the mentioned draft standard. The Decision provides the forms of the notifications.

      The amount of payment for the publication of the notifications of the development of the draft national standard and of the termination of the public discussion of the draft national standard is Rbl 1,000 per sheet of the original notification typed on one side.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-15/413 of July 21, 2003 on the Endorsement of the Regulation on the Interregional Inspection of the Ministry of Taxation of Russia for the Federal District

Interregional inspections of the Ministry of Taxation of the Russian Federation are interregional level territorial bodies for the federal district and form the uniform centralised system of tax bodies of the Russian Federation. Interregional inspections enjoy all rights and duties of the tax bodies. The functions of the mentioned inspections include, in particular, on-site checks, analysis of schemes of avoidance of taxation, examination of taxpayer appeals and other functions.

      Registered in the Ministry of Justice of the Russian Federation on August 1, 2003. Reg. No. 4946.

Order of the Ministry of Justice of the Russian Federation No. 180 of July 28, 2003 on the Amendments to the Order of the Ministry of Justice of the Russian Federation No. 99 of April 10, 2002

Changes the forms of registers of notary actions, notary certificates and endorsement notes on the deals and certified documents.

      Registered in the Ministry of Justice of the Russian Federation on August 1, 2003. Reg. No. 4941.

Direction of the Central Bank of Russia No. 1305-U of July 9, 2003 on the Invalidation of Some of the Normative Acts of the Bank of Russia

Invalidates the Regulation of the Bank of Russia No. 137-P of April 12, 2001 with amendments pursuant to the adoption of the new procedure of building of reserves for possible losses by credit organisations.

      The Direction is entered into force from March 1, 2004.

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