Windfall tax for major companies to be introduced in Russia

Garant – Free Online Demo

Legal information system for your company.
Simply click on the button «Start working» and the system Legislation of Russia in English will be available for unlimited time.

Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 24.09.2003

Decision of the Government of the Russian Federation No. 588 of September 22, 2003 On the Approval of Regulations On the Financing of Special-Purpose Ecological Programs of Rehabilitation of Parts of the Territory Contaminated With Radiation

It determines procedure and priority of the financing of special-purpose ecological programs of rehabilitation of parts of the territory contaminated with radiation subjected to the state ecological examination as part of integrated projects that provide for conclusion of foreign trade transactions associated with the importation in the Russian Federation of nuclear reactor exposed-to-radiation heat-emitting assemblies.
The selection of special-purpose ecological programs to be incorporated as part of the integrated project shall be made by the Ministry of Natural Resources of the Russian Federation by agreement with the Ministry of Atomic Energy of the Russian Federation, the Public Health Ministry of the Russian Federation and the state authorities of the RF subjects, in whose territory it is planned to carry out activities envisaged under the said programs.
It identifies basic criteria of incorporation of special-purpose ecological programs in the integrated project.

Decision of the Government of the Russian Federation No. 585 of September 18, 2003 On the Setting Up of "Russian Railways" Open Joint Stock Company

It provides for the setting up of the "Russian Railways" Open Joint Stock Company as an integrated economic entity to be created in the process of privatization of property of the federal railway transport. It fixes the amount of its charter capital, quantity of ordinary registered equities making up the charter capital. The share of equities owned by the Russian Federation in the company's total equities shall be 100 per cent.
It approves the Charter of the company and specifies a list of branches and representative offices of the "Russian Railways" Open Joint Stock Company.

Decision of the Government of the Russian Federation No. 584 of September 19, 2003 On the Endorsement of Regulations On the Maintaining of Register of Lawyers of Foreign States Conducting Lawyer's Activity in the Territory of the Russian Federation

It establishes the procedure for maintaining a register of lawyers of foreign states conducting the lawyer's activity in the territory of the Russian Federation.
The registration of lawyers of a foreign state engaged in the lawyer's activity in the territory of the Russian Federation shall be the competence of the Ministry of Justice of the Russian Federation.
It approves a form of the register and forms of documents to be submitted by the lawyer of a foreign state to the RF Ministry of Justice to be put on the register.
It specifies instances that call for annulment of registration of the lawyer of a foreign state in the register.

Order of the Railway Ministry of the Russian Federation No. 150 of June 23, 2003 On the Endorsement of the Federal Aviation Rules "Certification Requirements To Legal Persons Conducting the Airport Activity Associated with the Provision of Passenger, Luggage, Cargo and Mail Service

It disallows the conduct of the airport activity associated with the provision of passenger, luggage, cargo and mail service at domestic and international air lines without receipt of a compliance certificate of the RF Civil Aviation Certification System.
It defines the types of work to be treated as the airport activity associated with the provision of passenger and luggage service at domestic and international air lines, including in the halls for official persons and delegations and also the types of operating divisions and services that may be set up by organization to carry out the airport activity.
It specifies lists of issues to be shown in the comprehensive flow-chart approved by the head of organization which forms the basis for carrying on the airport activity associated with the provision of passenger, luggage, cargo and mail service at domestic and international air lines.
It approves the lists of documents essential to the organization in order to provide for passenger, luggage, cargo and mail service.
Registered with the Ministry of Justice of the Russian Federation in September 19, 2003. Registration No. 5097.

Decision of the State Construction Committee of the Russian Federation No. 158 of August 29, 2003 On the Average Market Value of One Sq. Meter of the Total Living Space for the 4th Quarter of 2003 to Calculate Amount of Uncompensated Subsidies and Loans to Acquire Living Premises By All the Categories of Citizens Whom the Said Subsidies and Loans Are Granted For Account of the Federal Budget Funds

The average market value of one sq. meter of the total living space to calculate an amount of uncompensated subsidies shall be increased as against the 3d quarter of 2003 by approx. 200-250 Rubles.
Registered with the Ministry of Justice of the Russian Federation in September 18, 2003. Registration No. 5090.

Order of the Ministry of Taxes and Fees of the Russian Federation No. AC-3-01/491 of September 15, 2003 On the Invalidation of Orders of the Ministry of Taxes and Fees of the Russian Federation No. BG-3-01/340 of September 10, 2001 and No. BG-3-01/36 of February 14, 2001

In view of the introduction of chapter 26.4 of the RF Tax Code "Taxation System In the Fulfillment of Products Sharing Agreements", it invalidates, as from June 10, 2003, the orders of the Ministry of Taxes and Fees of the Russian Federation approving the Methodological recommendations on the procedure for VAT computation and payment in the fulfillment of products sharing agreements and the Regulations on the procedure and time limits for submission of documents to justify the exemption from the value added tax of goods, work and services designed to execute the work under the products sharing agreement.

Letter of the Ministry of Taxes and Fees of the Russian Federation No. CA-6-04/940@ of September 4, 2003 On the Revocation of Letter of the Ministry of Taxes and Fees of the Russian Federation No. VB-6-04/619 of August 14, 2003

In view of changes made in the RF Tax Code, it revokes Letter of the Ministry of Taxes and Fees of the Russian Federation No. VB-6-04/619 of August 14, 2003 providing Clarifications On Individual Issues Connected With the Computation and Payment of Tax On the Incomes of Individuals.

Contact Us

Leave us a message