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 11.08.2003

Decree of the President of the Russian Federation No. 925 of August 7, 2003 on the Amendment to the Decree of the President of the Russian Federation No. 1194 of November 29, 1995 on the Federal Power Supply Commission of the Russian Federation and on Invalidation of Some of the Decrees of the President of the Russian Federation

The changes are stipulated by the entry into force of the Laws No. 35-FZ on the electric power industry and No. 38-FZ of March 26, 2003 on the amendments to the Federal Law on the state regulation of tariff rates for electric and thermal power in the Russian Federation.
The Decree specifies that the Federal Power Supply Commission of the Russian Federation is the body in charge of the regulation of natural monopolies fulfilling the functions of state regulation of tariff rates for electric and thermal power in compliance with the mentioned Laws.
The Decree is entered into force from the day of its official publication.

Decision of the Government of the Russian Federation No. 472 of August 8, 2003 on the Amendments to the Customs Tariff of the Russian Federation

Adjusts the codes of the Foreign Trade Commodity Nomenclature of the Russian Federation for a number of commodities (plates, sheets, wool, turning machine-tools, antennas etc.). The rates of the import customs duties are not changed.
The Decision is entered into force one month after the day of its official publication.

Decision of the Ministry of Labour of the Russian Federation No. 59 of July 28, 2003 on the Amendments to the Classification Guide of Positions of Managers, Specialists and Other Officials

The guide is extended to include new qualification characteristics: deputy director for public relations, manager for public relations, chief of department of public relations and specialist for public relations, as well as provides their official duties and qualification requirements.

Official Explanation of the Central Bank of Russia No. 29-OR of July 28, 2003 on the Application of Item 3.1 of the Regulation of the Bank of Russia No. 215-P of February 10, 2003 on the Method of Determination of Own Resources (Capital) of Credit Organisations

According to the mentioned Item 3.1, the surplus of the cost of property at the expense of the reassessment of fixed assets carried out no sooner than once a year (as of January 1 of the reporting year) is included in the estimate of the additional capital no sooner than once in three years on the basis of the data of the most recent annual accounting report confirmed by an audit organisation. In this case, the mentioned period is calculated from the moment of the most recent inclusion in the additional capital of the credit organisation of the surplus of the cost of property at the expense of the reassessment of fixed assets carried out by the credit organisation and confirmed by an audit organisation.

Letter of the Social Insurance Fund of the Russian Federation No. 02-18/05-5101 of July 23, 2003 on the Federal Law No. 118-FZ of July 7, 2003 on the Amendments to the Federal Law on the Obligatory Social Insurance against Industrial Accidents and Occupational Diseases

Explains individual altered provisions of the mentioned Law having entered into force on July 10, 2003 pertaining to the payment for the additional expenses for the medical, social and professional rehabilitation, to the calculation, assigning and effecting insurance payments, as well as individual rights of the insurer.
Since the new wording of the Law does not envisage the payment for the additional feeding, it is made only if the mentioned type of insurance support was assigned to the insured before entry into force of the changes according to the program of rehabilitation of the victim and within its specified time limits.
When calculating monthly insurance payments, one should keep in mind that all changed introduced in Article 12 of the Federal Law do not have retroactive effect. Assigned monthly insurance payments may not be recalculated.

Letter of the Social Insurance Fund of the Russian Federation No. 02-18/05-4751 of July 10, 2003 on the Calculation of the Temporary Disability and Maternity Allowances to Attorneys, Independent Entrepreneurs, Natural Persons Not Recognised As Independent Entrepreneurs, Members of the Tribal, Family Communities of the Small Peoples of the North

Lists the documents used to calculate the temporary disability and maternity allowances to the mentioned citizens.
Thus, the temporary disability allowance is calculated in the amounts specified depending on the length of uninterrupted work, as well as other conditions envisaged in the actual normative legal acts. The calculated temporary disability and maternity allowance may not be greater than the maximum amount of the allowance for the full calendar month (Rbl 11,700).

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