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 28.08.2003

Decision of the Government of the Russian Federation No. 522 of August 25, 2003 on the Federal Standards of Payment for the Housing and Communal Services for the Year 2004

In 2004, the federal standard of the maximum cost of the rendered housing and communal services for 1 square meter of the total dwelling space per month is fixed to amount to Rbl 26.4 on the average for the Russian Federation.
The federal standard of the cost of capital repair works for the housing fund for 1 square meter of the total dwelling space per month is introduced for the first time in 2004. Its amount is Rbl 2.6 on the average for the Russian Federation.
The mentioned standards are used to determined the amount of the financial aid rendered to the budgets of the subjects of the Russian Federation and closed administrative territorial formations at the expense of the federal budget, expenses for the maintenance, repair works for the housing and the rendered communal services.

Order of the State Customs Committee of the Russian Federation No. 868 of August 6, 2003 on the Amendments to the Order of the State Customs Committee of Russia No. 870 of December 24, 1998

The changes are introduced in the Order specifying the procedure of the customs registration of commodities moved across the customs border of the Russian Federation in compliance with the Agreement on the general terms and mechanism of support of development of production cooperation of enterprises and industries of the member-states of the Commonwealth of Independent States.
The changes are introduced because of the handing over of the functions of control over the moving of commodities in the framework of production cooperation of enterprises and industries of the CIS member-states from the Central Customs Department to the Directorate of Organisation of the Customs Control of the State Customs Committee of the Russian Federation.
Registered in the Ministry of Justice of the Russian Federation on August 27, 2003. Reg. No. 5008.

Order of the State Customs Committee of the Russian Federation No. 886 of August 14, 2003 on the Endorsement of the Form of the Demand to Transfer Customs Payments

Endorses the written form of the notification of the customs body of the unpaid in due time amount of customs payments, as well as of the duty to pay within the time limits specified in this demand the unpaid amounts of the customs payments, penalties and/or interest.
The demand contains information on the amount of the customs payment due for transfer, amount of penalties and/or interest accrued as of the day of putting up of the demand, time of transfer, time of execution of the demand, as well as on the measures of forced collection of the customs payments to be applied in cases of failure to fulfil the demand by the payer and the reasons of the putting up of the demand.
The Order is entered into force from January 1, 2004.
Registered in the Ministry of Justice of the Russian Federation on August 26, 2003. Reg. No. 4997.

Direction of the Central Bank of Russia No. 1323-U of August 19, 2003 on the Adjustment of Individual Normative and Other Acts of the Bank of Russia

Pursuant to the abolishment of the methodology recommendations on the drawing up of the expenses estimate of credit organisations with revoked licenses for bank operations endorsed by the Letter of the Bank of Russia No. 41-T of December 17, 1997, omits the provision stating that the mentioned recommendations should be used by credit organisations when drawing up the expenses estimate.
The Direction is entered into force 10 days after publication in the Herald of the Bank of Russia.

Letter of the Central Bank of Russia No. 124-T of August 21, 2003 on the Risk Normative for the Own Bill Liabilities (N13)

Refines the nature of use of information on the fulfilment by credit organisations of the risk normative for the own bill liabilities (N13). Information on N13 observation by credit organisations is used by the territorial institutions of the Bank of Russia in the framework of the contensive analysis of the financial standing of credit organisations, as well as to assess their liquidity status.
Territorial institutions of the Bank of Russia, when supervising the activities of credit organisations, do not apply sanctions for the failure to observe the fixed values of this normative and do not take into account the failure to observe the given normatives in the classification of the financial stability of the credit organisation.

Letter of the Central Bank of Russia No. 121-T of August 20, 2003 on the Actions in Cases of Revealed Facts of Failure to Observe Normatives N8, N9, N11, N11.1 and N14

Explains the procedure of using information on the failure to observe normatives N8, N9, N11, N11.1 and N14 by credit organisations.
Territorial institutions of the Bank of Russia, when supervising the activities of credit organisations, do not apply sanctions for the failure to observe the fixed values of the mentioned normatives and do not take into account the failure to observe the given normatives in the classification of the financial stability of the credit organisation.

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