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 21.01.2004

Decision of the Government of the Russian Federation No. 19 of January 19, 2004 on the Endorsement of the Rules of Coordination of Investment Programs of the Subjects of Natural Monopolies in Electric Power Industry

Defines the procedure of consideration and coordination of investment programs of the subjects of natural monopolies in electric power industry, as well as control over execution of these programs. An investment program is implied to be the multitude of all intended for implementation or implemented by the subject of natural monopolies investment projects.
The subjects of natural monopolies shall submit their investment programs and substantiating materials to the Ministry of Power Supplies of Russia before May 15 of the year preceding the scheduled period. Submitted investment programs shall be sent by the Ministry of Power Supplies of Russia within 5 working days for coordination to the Ministry of Economic Development of Russia and the Federal Power Supply Commission of Russia, and the investment program of organisation of management of the joint national (all-Russia) electric power network - also to the Ministry of Nuclear Power of Russia. The forms of the submitted programs shall be specified by the Ministry of Power Supplies of Russia in coordination with the Ministry of Economic Development and the Federal Power Supply Commission of Russia. The subjects of natural monopolies shall submit on the annual basis before April 1 to the mentioned bodies of power reports of implementation of investment programs for the previous year according to the form endorsed by the Federal Power Supply Commission of Russia.
The Federal Power Supply Commission of Russia shall also control the use for their designated purposes of investment resources of investment programs taken into account when fixing tariff rates regulated by the state.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-03/675@ of December 10, 2003 on the Endorsement of the Forms of Tax Declarations for Excise Duty Taxes and Their Filling Instructions

Endorses the forms of the tax declarations for excise duty taxes: for excisable commodities (except for alcoholic products sold from excise duty wholesale warehouses and oil products), for alcoholic products sold from excise duty wholesale warehouses, for oil products, for excisable mineral raw materials (natural gas) and their filling instructions.
The Order is entered into force beginning with the tax period for January 2004.
Registered in the Ministry of Justice of the Russian Federation on January 15, 2004. Reg. No. 5417.

Information Report of the State Construction Committee of the Russian Federation of January 16, 2004

From January 1, 2004, VAT does not apply to the sales of services pertaining to the use of the dwelling space in the dwelling fund of all forms of ownership.
Earlier, VAT exemption was granted only to those living in cooperative homes, with the citizens living in the homes of other proprietors (municipal, state-owned) not enjoying any exemptions in the cases of rendering services in technical maintenance, current repair, capital repair, sanitary measures, household management.
Thus, for the majority of population, the entry into force from January 1, 2004 of Subitem 10 of Item 2 of Article 149 of the Tax Code of the Russian Federation did not inflict any negative consequences pertaining to the increased cost of services in repair and maintenance of the dwelling fund. Introduction of the mentioned norm is aimed at elimination of the "social inequality" when the citizens living in the homes of different forms of ownership had to pay different prices for one and the same service.

Contact Us

Leave us a message