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 12.11.2003

Federal Law No. 137-FZ of November 10, 2003 on the Creation of the Yarovoye Regional Court of the Altay Territory

Creates the Yarovoye Regional Court of the Altay Territory. Specifies that the court jurisdiction covers the territory of the city of Yarovoye of the Altay Territory in the boundaries as of the moment of entry into force of the Federal Law.
The Federal Law is entered into force from the day of its official publication with the exception of the provision on the court jurisdiction entered into force three months after the moment of entry into force of the Federal Law.

Federal Law No. 136-FZ of November 10, 2003 on the Amendments to the Federal Law on the National Cultural Autonomy

Specifies that the national cultural autonomy is a type of public association. The organisational and legal form of the national cultural autonomy is a public association. The Law envisages opportunities of creation of one autonomy of a certain ethnic communion at each level. The national cultural autonomy may be a local, regional, federal one. It is permitted to institute a national cultural autonomy in the places of compact living - within a municipal formation - of representatives of a certain ethnic communion at the general meetings.
The Federal Law is entered into force from the day of its official publication.

Federal Law No. 135-FZ of November 10, 2003 on the Amendment to Article 41 of the Federal Law on the Investing of Resources to Finance the Accumulated Portion of the Labour Pension in the Russian Federation

The Law corrects the time limits fixed for the measures to implement the right of the insured to choose the investment portfolio (management company). The changes permit the Government of the Russian Federation to fix until March 31, 2004 (earlier, until December 31, 2003) the time limits scheduled for the examination by the Pension Fund of Russia of applications of the insured to choose the investment portfolio (management company), transfer of resources of accumulated pensions to the management companies chosen by the insured and conveying to the management companies of the annual schedule of transfer of monetary resources necessary to make payments from the resources of accumulated pensions to successors of the deceased insured.
The notification for the applicant of the refusal to satisfy the application or of unexamined application by the Pension Fund of Russia, as well as the transfer of the resources of accumulated pensions by the Fund to the management companies chosen by the insured shall be implemented until March 31, 2004.

Decision of the Government of the Russian Federation No. 678 of November 10, 2003 on the Amendments to the Decisions of the Government of the Russian Federation No. 1358 of December 8, 1999 and No. 1364 of December 9, 1999

Ferrous ores and concentrates whether or not agglomerated (codes according to the Foreign Trade Commodity Nomenclature of the Russian Federation 2601 11 000 0 and 2601 12 000 0) shall be exported outside the member-states of the Customs Union agreements duty free. The same applies to large paperboard boxes and collapsible boxes of non-corrugated paper or paperboard (code according to the Foreign Trade Commodity Nomenclature of the Russian Federation 4819 20).
The Decision is entered into force one month after from the day of its official publication.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-22/573 of October 28, 2003 on Amendments 2 to the Methodology Recommendations on the Application of Chapter 26.2 "Simplified System of Taxation" of the Tax Code of the Russian Federation Endorsed by the Order of the Ministry of Taxation of Russia No. BG-3-22/706 of December 10, 2002

The Methodology Recommendations are being brought in compliance with the Federal Law No. 117-FZ of July 7, 2003 on the amendments to Part 2 of the Tax Code of the Russian Federation and some other legislative acts of the Russian Federation, as well as on invalidation of some of the legislative acts (provisions of legislative acts) of the Russian Federation.
Explains that the taxpayers transferred to the system of taxation for agricultural producers in compliance with Chapter 26.1 of the Tax Code of the Russian Federation may not apply the simplified system of taxation for other types of entrepreneurial activities carried out by them.

Decision of the Government of the Russian Federation No. 677 of November 10, 2003 on the All-Russia Classifiers of Technical Economic and Social Information in the Socio-Economic Sphere

Endorses the Regulation on the working out, adoption, entry into force, keeping and application of all-Russia classifiers of technical economic and social information in the socio-economic sphere, including the forecasting, statistical records, banking activities and taxation, in interagency information exchange, creation of information systems and information resources.
Application of all-Russia classifiers is obligatory in the creation of the state information systems and information resources, as well as in interagency information exchange. All-Russia classifiers are used in legal acts in the socio-economic sphere for an unambiguous identification of the objects of legal relations.
The Decision provides the list of all-Russia classifiers of technical economic and social information in the socio-economic sphere, as well as lists the bodies of executive power providing for the working out, keeping and application of each of the classifiers.

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