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 26.08.2004

Decision of the Government of the Russian Federation No. 433 of August 24, 2004 on the Amendments to and Invalidation of Some of the Acts of the Government of the Russian Federation Pursuant to the Adoption of the Federal Law on Currency Regulation and Currency Control

Amends some of the Decisions of the Government of the Russian Federation pursuant to the entry into force of the Federal Law No. 173-FZ of December 10, 2003 on currency regulation and currency control. In particular, refines the notion of the "foreign currency" for the purposes of Regulation on the procedure of return to the citizens of illegally confiscated, exacted or withdrawn from possession in another way property because of political repressions, reimbursement of its cost or paying out of the monetary compensation.

Decision of the Government of the Russian Federation No. 432 of August 24, 2004 on the Procedure of Arranging in 2004 of Auctions of Sale of the Volumes of Beef and Pork Envisaged in the Decisions of the Government of the Russian Federation Nos. 721, 722 and 723 of November 29, 2003

Specifies that in 2004, the auctions for the sale of 10 percent of the volumes of fresh, chilled, frozen beef and pork envisaged in the mentioned Decisions shall be arranged according to the procedure specified by the Ministry of Economic Development and Trade of the Russian Federation in coordination with the Ministry of Agriculture of the Russian Federation and the Federal Service for Financial Markets

Decision of the Government of the Russian Federation No. 429 of August 21, 2004 on the Federal Customs Service

The Federal Customs Service is a federal body of executive power in charge of control and enforcement in the customs sphere in compliance with the legislation of the Russian Federation, as well as the functions of the agent of currency control and the special functions of combating of smuggling, other crimes and administrative violations.

The Federal Customs Service is supervised by the Ministry of Economic Development and Trade of the Russian Federation.

Before adoption of the appropriate normative legal acts, the Federal Customs Service shall provide for the keeping and publishing of the Foreign-Trade Commodity Nomenclature, preparation, endorsement and publishing of the decisions on issues of interpretation of the Commodity Nomenclature; issue qualification certificates of specialists of the customs registration; provide for the metrological support of the work of the customs bodies.

Decision of the Management Board of the Pension Fund of Russia No. 98n of July 22, 2004 on the Endorsement of the Procedure of Registration in the Territorial Bodies of the Pension Fund of Russia of Insurants Transferring Insurance Payments to the Pension Fund of the Russian Federation in the Form of Fixed Payments

Defines the rules of registration in the territorial bodies of the Pension Fund of the Russian Federation of insurants being independent entrepreneurs (including the heads of the peasant (farmers') enterprises), private notaries, private detectors, lawyers, tribal, family communities of the native small peoples of the North, as well as the persons of insurant status for the purposes of Federal Law No. 167-FZ of December 15, 2001.

The registration number assigned to the insurant may not be re-assigned anew to another insurant including the cases of removal of the insurant from the records in the territorial bodies of the Pension Fund of Russia because of the termination of activities, as well as in case of death of the natural person.

Insurants having been registered in the territorial bodies of the Pension Fund of Russia before the entry into force of the present Procedure preserve the earlier assigned registration number.

The Decision endorses the forms of the application for the registration in the territorial bodies of the Pension Fund of Russia of the insurant transferring insurance contributions to the Pension Fund of the Russian Federation in the form of a fixed payment and the application for the registration in the territorial bodies of the Pension Fund of Russia of the insurant having engaged in the obligatory pension insurance on the voluntary basis, as well as their filling procedures.

Registered in the Ministry of Justice of the Russian Federation on August 20, 2004. Reg. No. 5989.

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