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 8.09.2003

Decision of the Government of the Russian Federation No. 551 of September 4, 2003 on the Amendments to the Decision of the Government of the Russian Federation No. 49 of January 23, 2003

The time limit for getting the licenses for importers of frozen beef in 2000-2002 in the framework of the 90% of the tariff quota for the right of import to the Russian Federation of this commodity in 2003 is fixed on September 15, 2003.
Beginning with September 25, 2003, the Ministry of Economic Development of the Russian Federation will issue additional licenses to the mentioned importers for the import of the unclaimed part of the 90% of the tariff quota according to the list of importers as of September 15, 2003.
The Decision is entered into force from the day of its official publication.

Decision of the Government of the Russian Federation No. 550 of September 4, 2003 on the Amendments to the Decision of the Government of the Russian Federation No. 50 of January 23, 2003

The time limit for getting the licenses for importers of pork in the framework of the 90% of the tariff quota for the right of import to the Russian Federation of this commodity in 2003 is fixed on September 15, 2003.
Beginning with September 25, 2003, the Ministry of Economic Development of the Russian Federation will issue additional licenses for the import of the unclaimed part of the 90% of the quota to applications of importers having drawn up the licenses for the import of pork before September 15, 2003, as well as importers having imported pork from January 1, 2000 to April 1, 2003 in proportion to the average annual volume of pork imported in the mentioned period.
The Decision is entered into force from the day of its official publication.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-24/453 of August 13, 2003 on the Endorsement of the Estimate Form (Declaration) for the Tax on Operations with Securities and Its Filling Procedure

The estimate consists of the cover sheet of 3 pages and page 4 containing figures necessary for the tax control.
The estimate is submitted by the taxpayer to the tax body at the place of registration of the organisation as a taxpayer within three working days from the day of payment of the tax. The taxpayer may also present to the tax body a copy of the estimate to put the mark confirming the receipt of this estimate by the tax body.
The estimate includes the amount of each issue of securities declared by the issuer paying the tax and subject to the tax.
Registered in the Ministry of Justice of the Russian Federation on September 4, 2003. Reg. No. 5042.

Letter of the Ministry of Finance of the Russian Federation No. 16-00-16/102 of August 20, 2003

Explains the use of strict-reporting Form N 5-TS used to pay for the release of fuel, commodities, services to the population by supply organisations of the Ministry of Power Supplies of the Russian Federation.
If necessary, additional details may be entered in the endorsed forms for registration of the rendered services. Removal of individual details is not permitted. If this or that line is not filled out because of the absence of appropriate figures with the organisation, a dash is entered in this line. The formats of the endorsed strict-reporting forms are recommended only and may change.

Letter of the Ministry of Finance of the Russian Federation No. 16-00-14/252 of August 13, 2003 on the Registration of Expenses for the Checking of Installed Equipment

Expenses for the checking of the quality of installed equipment and putting it in operation are an integral part of the construction process necessary to determine object readiness for operation and acceptance according to established procedure by the commission.
For the purposes of accounting work, the mentioned expenses are recorded on the preliminary basis on Account 08 "Investments in Assets out of Circulation" followed by their subsequent inclusion in the initial cost of the object of fixed assets.

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