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 20.05.2004

Decision of the Government of the Russian Federation No. 244 of May 17, 2004 on the Amendment to the Decision of the Government of the Russian Federation No. 328 of June 5, 2003 on the Endorsement of the Rules of Suspension of Operations on the Personal Accounts of Chief Administrators, Administrators and Recipients of the Resources of the Federal Budget Opened in the Federal Treasury Bodies

In addition to the existing list, the reason of suspension of operations on the personal accounts is the failure of the federal institution to close the accounts opened for it in the institutions of the Central Bank of the Russian Federation and/or credit organisations to register operations with resources obtained from entrepreneurial and other profitable activities.

Decision of the Government of the Russian Federation No. 243 of May 17, 2004 on the Endorsement of the Rates of Export Customs Duties for Raw Oil and Raw Oil Products from Bituminous Materials and Commodities of Oil Exported from the Territory of the Russian Federation outside the Member-States of the Customs Union Agreements

Amends the rates of export customs duties for raw oil and raw oil products from bituminous materials and commodities of oil exported from the territory of the Russian Federation outside the member-states of the Customs Union agreements.

From June 1, 2004, the rate of the export customs duty for raw oil and raw oil products from bituminous materials (code according to the Foreign-Trade Commodity Nomenclature of Russia 2709 00) is fixed in the amount of USD 41.6 per 1,000 kg. The Decision is entered into force one month after the day of its official publication except for the rate of the export customs duty for raw oil and raw oil products from bituminous materials (code according to the Foreign-Trade Commodity Nomenclature of Russia 2709 00) to be entered into force from June 1, 2004.

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