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 26.03.2004

Federal Constitutional Law No. 1-FKZ of March 25, 2004 on the Forming in the Russian Federation of the New Subject of the Russian Federation As a Merger of the Perm Province and the Komi-Permyatsky Autonomous District

Forms the new subject of the Russian Federation - the Perm Territory - as a result of the merger of the two bordering subjects of the Russian Federation - the Perm Province and the Komi-Permyatsky Autonomous District. The new subject of the Russian Federation shall be formed from December 1, 2005. The Law defines the borders and the status of the new subject. The Perm Province and the Komi-Permyatsky Autonomous District are eliminated as the subjects of the Russian Federation from December 1, 2005.

From the day of the forming of the Perm Territory to the forming of the legislative (representative) body of state power of the Perm Territory of the first convocation, however, no later than January 31, 2007, there will be a transient period of forming of the Perm Territory. The first election of the higher official (head of the higher executive body of state power) of the Perm Territory will be held on first Sunday of December of 2005. Elections of the deputies of the Legislative Assembly of the Perm Territory will be held upon expiry of the authority of the Legislative Assembly of the Perm Province and the Legislative Assembly of the Komi-Permyatsky Autonomous District in December 2006.

The Law regulates the issues of the forming of the bodies of state power of the Perm Territory, the functioning of the legislative (representative) bodies of state power of the Perm Province and the Komi-Permyatsky Autonomous District, interaction of the Governor of the Perm Territory and the legislative (representative) bodies of state power of the Perm Province and the Komi-Permyatsky Autonomous District in the transient period.

The Law defines the authority of the bodies of executive power of the Perm Territory, Perm Province and the Komi-Permyatsky Autonomous District in the transient period, as well as the procedure of functioning of the territorial bodies of the federal bodies of executive power and the federal courts, organisation of local government, the forming and the endorsement in the transient period of the budgets of the Perm Territory, the Perm Province and the Komi-Permyatsky Autonomous District.

The Federal Constitutional Law is entered into force from the day of its official publication.

The Federal Law is published in Rossiyskaya Gazeta on March 26, 2004, No. 62.

Federal Constitutional Law No. 2-FKZ of March 25, 2004 on the Amendments to Articles 24 and 33.1 of the Federal Constitutional Law on the Courts of Arbitration in the Russian Federation

The checking by the Federal Arbitration Court of the Urals District of judicial acts adopted by arbitration courts of the Komi-Permyatsky Autonomous District and the Perm Province ends on June 30, 2007.

The Federal Constitutional Law is entered into force from the day of the forming of the Arbitration Court of the Perm Territory.

The Federal Law is published in Rossiyskaya Gazeta on March 26, 2004, No. 62.

Decision of the State Statistics Committee of the Russian Federation No. 1 of January 5, 2004 on the Endorsement of the Uniform Forms of Initial Documentation of Labour and Labour Remuneration Statistics

Endorses the uniform forms of initial documentation to register personnel, working time and labour remuneration payments. The uniform forms of initial documents of personnel registration apply to organisations regardless of the forms of ownership working on the territory of the Russian Federation, of working time and labour remuneration payments registration - to organisations regardless of the form of ownership working on the territory of the Russian Federation other than the budget supported institutions.

According to the Statement of the Ministry of Justice of the Russian Federation No. 07/2732-YuD of March 15, 2004, the present Decision does not need state registration.

Direction of the Central Bank of Russia No. 1390-U of March 1, 2004 on the Procedure of Informing of the Central Bank of the Russian Federation of the Use of Internet Technologies by Credit Organisations in Their Work

Credit organisations shall present to the territorial institutions of the Bank of Russia in charge of enforcement of their activities the report drawn up according to Form 0409070 "Information of the Use of Internet Technologies by the Credit Organisation". The report is presented on paper and/or electronic media. The report is submitted by credit organisations in cases of: opening of the web site, changing of the functional purpose and/or functional potential of the used web site, changing of the place of location of the used web site and the end of use of the web site.

If Internet technologies are used when the credit organisation works as a client of another credit organisation (nostro correspondent), the report according to Form 0409070 to the territorial institution of the Bank of Russia is not submitted.

The present Direction is entered into force from July 1, 2004 and must be published officially in the Herald of the Bank of Russia.

Registered in the Ministry of Justice of the Russian Federation on March 12, 2004. Reg. No. 5683.

Order of the State Customs Committee of the Russian Federation No. 272 of March 4, 2004 on the Amendments to the Order of the State Customs Committee of Russia No. 1014 of September 15, 2003

Endorses the new wording of the form of the permission for the processing of commodities on the customs territory. After the official of the customs body puts the stamp "Release Permitted" on the cargo customs declaration for the placing of commodities under the customs regime of processing on the customs territory, the third and forth copies of the cargo customs declaration are used as the permission to process the commodities on the customs territory.

The Order is entered into force 10 days after the day of its official publication.

Registered in the Ministry of Justice of the Russian Federation on March 12, 2004. Reg. No. 5675.

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