Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 17.03.2004

Decision of the Government of the Russian Federation No. 142 of March 15, 2004 on the Fixing of the Amounts of the Basic Part of Labour Pensions and Endorsement of the Coefficient of Additional Increase of the Insured Part of the Labour Pension from April 1, 2004

Amounts of the basic parts of the labour old-age, disability and lost-breadwinner pensions are calculated proceeding from the indexed taking into account the growth of inflation basic part of the labour old-age pension as of April 1, 2004 in the amount of Rbl 621 per month.

The Decision fixes the coefficient of additional increase of the insured part of the labour pension from April 1, 2004 in the amount of 1.09.

The Decision is entered into force from April 1, 2004.

Decision of the Federal Commission for Securities Market No. 04-2/ps of February 10, 2004 on the Procedure of Determination and the Minimum Figures of the Normatives of Sufficiency of Own Resources of a Specialised Depositary and the Management Company Being the Subjects of Relations in the Forming and Investing of Resources of Accumulated Pensions

The minimum figure of the normative of sufficiency of own resources (capital) of a specialised depositary is differentiated depending on the volume (cost) of the serviced assets and varies from Rbl 600 million to Rbl 1,000 million. The minimum figure of the normative of sufficiency of own resources of the management company varies from Rbl 50 million to Rbl 100 million.

Registered in the Ministry of Justice of the Russian Federation on March 9, 2004. Reg. No. 5631.

Decision of the Ministry of Labour of the Russian Federation No. 9 of February 9, 2004 on the Endorsement of the Procedure of Application of the Uniform Qualification Guide of Positions of Managers, Specialists and Servants

Specifies that the Uniform Qualification Guide is intended for solving the issues pertaining to regulation of labour relations, ensuring efficient system of management of the personnel of organisations regardless of the form of ownership and organisational and legal forms of activities.

Qualification characteristics of each position consist of three sections: "Official Duties", "Must Know" and "Qualification Requirements".

Qualification characteristics serve as basis for working out of official instructions containing a specific list of official duties of employees taking into account the particulars of organisation of production, labour and management, their rights and responsibility.

Registered in the Ministry of Justice of the Russian Federation on March 9, 2004. Reg. No. 5628.

Order of the State Customs Committee of the Russian Federation No. 230 of February 25, 2004 on the Endorsement of the Instruction on the Procedure of Paying out of the Monthly Supplement for the Complexity, Intensity and Special Service Regime to the Employees of the Customs Bodies of the Russian Federation

The monthly supplement for the complexity, intensity and special service regime in the amount of up to 70% of the salary for the occupied position is fixed for the employees of the customs bodies of the Russian Federation who have their service duties associated with the tasks requiring a high level of professional training, associated with an intensive special service regime.

The supplement is assigned for a definite period, not more than a year as a rule, by the order of the customs body or institution of the State Customs Committee of Russia while indicating its particular amount for each employee.

The supplement is not paid out to the employees in the child-care leave before the child is 3 years old, as well as to employees undergoing service abroad.

Registered in the Ministry of Justice of the Russian Federation on March 9, 2004. Reg. No. 5625.

Order of the Ministry of Taxation of the Russian Federation No. BG-3-22/152 of February 26, 2004 on the Invalidation of the Order of the Ministry of Taxation of the Russian Federation No. BG-3-21/432 of August 13, 2002

Pursuant to the entry into force from January 1, 2004 of the Federal Law No. 147-FZ of November 11, 2003 invalidates the Order of the Ministry of Taxation of Russia No. BG-3-21/432 of August 13, 2002 on the endorsement of the form of the tax declaration for the uniform agricultural tax and its filling Instruction.

Registered in the Ministry of Justice of the Russian Federation on March 9, 2004. Reg. No. 5624.

Decision of the Management Board of the Pension Fund of Russia and the Ministry of Labour of the Russian Federation No. 15p/18 of February 16, 2004 on the Endorsement of the Rules of Paying out of the Pension in Compliance with the Federal Laws on Labour Pensions in the Russian Federation and on the State Pension Support in the Russian Federation

Defines the procedure of paying out of the labour pension (part of the labour pension) and the state pension support pension (other than the length-of-service pension to federal state servants), including organisation of their delivery, as well as control over organisation of paying out of these pensions.

The paying out of the pension is vested in the territorial body of the Pension Fund at the place of location of the pension file on the basis of the application of the pensioner. The pensioner may also choose the organisation delivering the pension and notify of it in writing the territorial body of the Pension Fund.

To pay out the pension, the territorial body of the Pension Fund opens a personal account for each pensioner. The personal account accrues the amounts of the pension due to the pensioner, including the past periods, on the basis of the documents of the pension file and other documents affecting the calculation of these amounts.

Suspension of the payment of the pension because of the failure to get it for six months in succession is executed on the basis of the reported information of the organisation delivering the pension. Suspension of the payment of the pension because of the failure on the part of the invalid to report within specified time limits for re-certification to the body of the State Service of Medical and Social Expert Evaluation is executed upon expiry of the excerpt from the act of certification in the institution of the medical and social expert evaluation.

Registered in the Ministry of Justice of the Russian Federation on March 9, 2004. Reg. No. 5621.

Decision of the Federal Commission for Securities Market No. 04-11/ps of February 27, 2004 on the Composition of the Necessary Expenses When Investing the Resources of the Accumulated Pensions Covered by the Selected in Contest Management Companies and the State Management Company out of Resources of Accumulated Pensions Transferred to Them by the Pension Fund of the Russian Federation

The mentioned composition of expenses includes payment for the services rendered by the specialised depositary to the Pension Fund and the management company, payment for the services of auditor, amounts of insurance premiums, expenses pertaining to the registration of the rights for securities, commission to brokers and other expenses. The list is exhaustive.

Registered in the Ministry of Justice of the Russian Federation on March 9, 2004. Reg. No. 5619.

Decision of the Federal Commission for Securities Market No. 04-8/ps of February 26, 2004 on the Endorsement of the Forms of Reports of the Management Companies Implementing Trust Control over Resources of Accumulated Pensions

Endorses the following forms of reports: of the deals of sale of securities at the prices below the market ones and the deals of purchase of securities at the prices higher than the market ones, of investing of resources of accumulated pensions, of incomes from investing of resources of accumulated pensions. The given forms must be submitted to the Ministry of Finance of Russia, the Pension Fund and the Federal Commission for Securities Market.

Registered in the Ministry of Justice of the Russian Federation on March 9, 2004. Reg. No. 5618.

Order of the Committee for Financial Monitoring of the Russian Federation No. 7 of March 1, 2004 on the Amendments to the Order of the Committee for Financial Monitoring of Russia No. 18 of August 28, 2003

According to the amendments, the list of the states (territories) failing to participate in the international cooperation in the combating of legalisation (laundering) of incomes obtained in a criminal way and financing of terrorism now does not include Ukraine and Egypt.

Registered in the Ministry of Justice of the Russian Federation on March 9, 2004. Reg. No. 5617.

Order of the State Construction Committee of the Russian Federation and the Ministry of Economic Development of the Russian Federation No. 64/40 of February 17, 2004 on the Endorsement of the Procedure of Arranging According to the Simplified Scheme the Contest for Housing Construction to Replace the Destroyed One on the Territory of the Republic of Altay Having Become the Victim of the Earthquake in September-October of 2003

Specifies the procedures of selection by contest of suppliers for the housing construction on the territory of the Republic of Altay for the citizens having become the victims of the earthquake in September-October of 2003 and the contest requirements.

Registered in the Ministry of Justice of the Russian Federation on March 9, 2004. Reg. No. 5615.

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