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 8.07.2004

Decision of the Government of the Russian Federation No. 340 of July 6, 2004 on the Endorsement of the Regulation on the Commission of the Government of the Russian Federation for the Agroindustrial and Fishery Complex

The Commission of the Government of the Russian Federation for the Agroindustrial and Fishery Complex is a coordinating body formed to provide for the coordinated actions of the interested federal bodies of executive power in the sphere of the agroindustrial and fishery complex, as well as the stable development of rural territories.

Decision of the Government of the Russian Federation No. 338 of July 5, 2004 on the Measures to Implement the Federal Law on the Lotteries

The working out of the state policy and normative-and-legal regulation of the lottery activities is vested in the Ministry of Finance of Russia. The issue of permissions to arrange all-Russia lotteries, examination of notifications of the arranged incentive lotteries, the keeping of the state registers of lotteries, as well as control over them is vested in the Federal Tax Service.

The Decision defines the rules of keeping of the state registers, rules of preparation and submission of the documents to get permissions to arrange all-Russia state lotteries. Lists information of the arranged lotteries to be presented by the lottery organiser and/or operator to the Federal Tax Service.

Decision of the Government of the Russian Federation No. 330 of June 30, 2004 on the Endorsement of the Regulation on the Federal Service of Insurance Supervision

The Federal Service of Insurance Supervision is a federal body of executive power in charge of control and supervision in the sphere of insurance activities. The Federal Service is supervised by the Ministry of Finance. The Federal Service shall control and supervise insurer work aimed at providing financial stability and solvency inasmuch as it pertains to the building of insurance reserves, composition and structure of assets accepted to cover insurance reserves, quotas for reinsurance, normative correlation of own resources of the insurer and assumed obligations.

The Service shall also license the subjects in the insurance sphere except for the insurance actuaries.

Decision of the Government of the Russian Federation No. 328 of June 30, 2004 on the Endorsement of the Regulation on the Federal Agency of Agriculture

The Federal Agency of Agriculture is a federal body of executive power in charge of the rendering of state services, state property management in the sphere of the agroindustrial complex, including the animal breeding, plant growing, land improvement, soil fertility, regulation of the market of agricultural raw materials and foodstuffs, foodstuff and processing industry, production and circulation of ethyl alcohol from edible and non-edible raw materials, alcohol-containing, alcoholic and tobacco items, as well as veterinary and plant quarantine measures, protection, investigation, reproduction and use of objects of fauna qualified as objects of hunting. The Federal Agency is supervised by the Ministry of Agriculture.

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