Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 11.11.2003

Decision of the Government of the Russian Federation No. 665 of November 3, 2003 on the Points of Transfer across the Customs Border of the Russian Federation to the Customs Territory of the Russian Federation of Poultry Meat and Edible Meat Offal

Arrival of the poultry meat and edible meat offal intended for consumption in the Russian Federation (code according to the Foreign Trade Commodity Nomenclature 0207) originating in the states that do not have overland transport routes to the Russian Federation is permitted only through the sea (river) and air points of transfer across the state border of the Russian Federation.
The Decision is entered into force from January 1, 2004.

Decision of the Government of the Russian Federation No. 658 of November 3, 2003 on the Endorsement of the Quota of Invitations to Foreign Citizens for 2004 to Enter the Russian Federation for Employment

The quota for 2004 is fixed in the amount of 213,000 invitations for foreign citizens to enter the Russian Federation for employment.

Order of the State Customs Committee of the Russian Federation No. 1070 of September 26, 2003 on the Endorsement of the Regulation on the Procedure of Inclusion in the Register of Owners of Temporary Storage Warehouses

Defines the procedure of examination of the application and issue of the certificate of inclusion in the Register of Owners of Temporary Storage Warehouses, as well as obligatory requirements to the outfit, equipment and place of location of the temporary storage warehouses.
The list of the temporary storage warehouses of the customs bodies and their owners will be published on the quarterly basis in official publications of the State Customs Committee of Russia.
The Order is entered into force from January 1, 2004.
Registered in the Ministry of Justice of the Russian Federation on November 3, 2003. Reg. No. 5213.

Letter of the Ministry of Finance of the Russian Federation No. 16-00-24/45 of October 24, 2003

Explains that initial accounting documents may serve as the documents confirming the payment for the notary actions, with cash registers being unnecessary in the payment for the notary services.

Letter of the Ministry of Finance of the Russian Federation No. 16-00-14/318 of October 21, 2003

Decision of the Government of the Russian Federation No. 627 of June 24, 1998 permitting organisations regardless of the organisational and legal form to apply from October 1, 1998 reduction coefficients to the actual norms of amortisation deductions has been invalidated. According to PBU 6/01 "Registration of Fixed Assets" if the linear method of accruing of amortisation is used, the annual amount of amortisation deductions is determined proceeding from the initial cost or current (recovered) cost (in case of a reassessment) of the object of fixed assets and the amortisation norm calculated on the basis of the time of effective use of this object. In this case, correction of the norm of amortisation deductions when using the linear method of accruing of amortisation is not envisaged in the mentioned PBU.

Letter of the Ministry of Finance of the Russian Federation No. 14-04-12/5 of October 20, 2003

Amounts of compensation to employees in the budget-supported institutions and organisations for the use of their private cars and motorcycles for business trips are defined in the Order of the Ministry of Finance of Russia No. 16n of February 4, 2000.
For organisations paying the profit tax, expenses to pay out the compensation to employees for the use of their private cars for business trips are registered as other expenses pertaining to production and sale, with the norms of expenses for these purposes being specified in the Decision of the Government of the Russian Federation No. 92 of February 8, 2002.

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