Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 15.09.2003

Decision of the Government of the Russian Federation No. 567 of September 10, 2003 On Amending Decision of the Government of the Russian Federation No. 117 of February 19, 2003

The payment of compensation under deposits in case of death in 2001-2003 of the deposit holder who, on the day of death, was RF citizen, shall be made at the RF Savings Bank branches at the place of location of deposits either to individuals who have paid for burial services upon presentation by them of a notary's ruling (prior to the expiration of six months as from the opening of heritage) or to heirs upon presentation of a certificate of the right to inherit and also upon presentation of a passport, certificate of death of the deposit holder and application of an individual who has paid for burial services or application of the heir.
The payment of compensation in case of death in 2001-2003 of a person insured under specific deposits (contributions) in favor of children, who on the day of death was RF citizen, shall be made subject to the confirmation of availability of deposit (contributions) under contracts of insurance as on January 1, 1992, to individuals who have paid for burial services, upon presentation by them of the above said documents.

Decision of the Government of the Russian Federation No. 563 of September 10, 2003 On the Endorsement of the Amount of Import Customs Duty For Toilet Soap

The amount of import customs duty for toilet soap (Code of Russia's Foreign Economic Activity Commodity Nomenclature 3401 11 0000) shall be fixed at 15 per cent of the customs value, but not less than 0,135 euro per kg (earlier - 15 per cent of the customs value).
The decision shall take effect upon the expiration of one month as from its official publication.

Order of the Ministry of Taxes and Fees of the Russian Federation No. BG-3-07/436 of August 4,2003 On the Endorsement of Forms of Registers of Licenses to Set Up Excise Warehouses and Procedure For Keeping Said Registers

It endorses the forms of Register of licenses to set up excise warehouses, Consolidated register of licenses to set up excise warehouses and also procedure for keeping the same. The procedure prescribes the requirements upon the maintenance of the registers of licenses to set up excise warehouses granted by departments of the Ministry of Taxes and Fees of the Russian Federation within the RF subjects and of the consolidated register of licenses to set up excise warehouses comprising the data on licenses to set up excise warehouses granted on the whole across the Russian Federation.
Registered with the Ministry of Justice of the Russian Federation in September 11, 2003. Registration No. 5065.

Order of the Ministry of Finance of the Russian Federation No. 76n of August 18, 2003 On Amending the Rules on Placement By Insurers of Insurance Reserves

It disallows to accept as coverage of insurance reserves the assets acquired by the insurer with the funds that were received under loan agreements and credit contracts.
It updates a list of assets allowed to be accepted as coverage of insurance reserves. It imposes tougher requirements upon the re-insurers whose share shall be included in the coverage of insurance reserves.
The insurers are required, prior to December 31, 2003, to bring the structure of assets accepted to cover insurance reserves in line with the given amendments.
Registered with the Ministry of Justice of the Russian Federation in September 11, 2003. Registration No. 5064.

Order of the Ministry of Agriculture of the Russian Federation No. 1264 of August 25, 2003 On the Endorsement of Tariffs Of Paid Services Provided By the Regional Departments of the State Veterinary Supervisory Inspection on the State Border of the Russian Federation and At Transport

It fixes tariffs for the following types of services:
- consultations;
- services rendered in the exercise of control over the veterinary rules in case of transfer of cargoes in the performance of export-import operations;
- services rendered in the exercise of control over compliance with the veterinary rules in cargo traffic (between the CIS states, etc.);
- preparation and issuance of veterinary accompanying documents;
- veterinary and sanitation treatment of transport vehicles and disinfecting activities;
- services in the exercise of veterinary control in case of transit (transfer) carriage by air of live animals between third countries.
Registered with the Ministry of Justice of the Russian Federation in September 11, 2003 Registration No. 5063.

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