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 17.08.2004

Federal Law No. 101-FZ of August 14, 2004 on the Amendments to Article 29 of the Federal Law on the Audit Chamber of the Russian Federation

Adopted by the State Duma on July 31, 2004.

Approved by the Council of the Federation on August 8, 2004.

Decision to dismiss the Chairman of the Audit Chamber, Deputy Chairman of the Audit Chamber and the auditors of the Audit Chamber, if such decision is taken by vote, needs the majority of votes of the total number of members of the Council of the Federation or deputies of the State Duma respectively. Earlier, at least two thirds was needed of the total number of members of the Council of the Federation or deputies of the State Duma respectively.

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

Federal Law No. 100-FZ of August 14, 2004 on the Amendments to the Federal Law on the Bodies of the Judicial Community in the Russian Federation

Adopted by the State Duma on August 5, 2004.

Approved by the Council of the Federation on August 8, 2004.

Pursuant to the creation of the institute of arbitration appellate courts amends the norms of the delegates of the All-Russia Congress of Judges, norms of representation in the Council of the Judges of the Russian Federation, the Higher Qualification Board of the Judges of the Russian Federation.

Specifies that the Higher Qualification Board of the Judges of the Russian Federation may not include the Chairman of the Supreme Court of the Russian Federation, Chairman of the Higher Arbitration Court of the Russian Federation and their deputies.

Decision of the Government of the Russian Federation No. 412 of August 12, 2004 on the Licensing of Activities Pertaining to Circulation of Narcotic Drugs and Psychotropic Substances

Specifies that the licensing of activities pertaining to circulation of narcotic drugs and psychotropic substances is vested in the Federal Service of Enforcement in the Sphere of Public Health and Social Development.

Decision of the Government of the Russian Federation No. 410 of August 12, 2004 on the Procedure of Interaction of the Bodies of State Power of the Subjects of the Russian Federation and the Bodies of Local Government with the Territorial Bodies of the Authorised Federal Body of Executive Power in the Sphere of Taxes and Fees

Interaction of the bodies of state power of the subjects of the Russian Federation and the bodies of local government with the tax bodies has as its goal providing the fiscal bodies of the subjects of the Russian Federation and the fiscal bodies of local administrations with information necessary to build and execute appropriate budgets where it pertains to the taxes and fees controlled by the tax bodies.

Exchange of information between the tax bodies and the fiscal bodies of the subjects of the Russian Federation shall be carried out according to the attached lists from January 1, 2005, and between the tax bodies and the fiscal bodies of local administrations (for each municipal formation) - from January 1, 2006.

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