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 18.10.2004

Decision of the Government of the Russian Federation No. 548 of October 14, 2004 on the Authorised Federal Bodies of Executive Power in the Sphere of Insurance of Deposits of Natural Persons in the Banks of the Russian Federation

The Federal Tax Service is an authorised federal body of executive power representing in cases of bankruptcy of banks the rights of claims to the bank handed over to the state corporation "Deposit Insurance Agency" as a result of paying out of the deposit reimbursement by the mentioned corporation.

The Ministry of Finance of Russia is an authorised federal body of executive power specifying in coordination with the Ministry of Economic Development of Russia and the Federal Service of Financial Markets of Russia criteria for the state securities of the subjects of the Russian Federation, the bonds of the Russian issuers, stocks of the Russian open-type joint-stock companies and the mortgage securities. The mentioned securities may be used to place and/or invest temporarily free monetary resources of the Fund of Obligatory Insurance of Deposits.

Decision of the Government of the Russian Federation No. 546 of October 13, 2004 on the Endorsement of the Rules of Estimation of the Amount of Specific Subsidy of a Foreign State (Union of Foreign States) and on Invalidation of Some of the Acts of the Government of the Russian Federation Regulating the Issues of Application of Special Protective, Anti-Dumping and Compensation Measures for the Import of Commodities

Specifies the procedure of estimation of the amount of specific subsidy of a foreign state (union of foreign states) to determine the amount of the compensation duty introduced for the purpose of neutralisation of the impact of the subsidised import of commodities.

Invalidates the Decisions of the Government of the Russian Federation Nos. 183, 184 of February 16, 1999 specifying the particulars of determination of the significant damage to the branch of the Russian economy because of the dumping import, as well as when the commodities imported to the Russian Federation are subsidised by foreign states (union thereof). These documents are invalidated 12 months after the day of entry into force of the Federal Law on the special protective, anti-dumping and compensation measures for the import of commodities.

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

Decision of the Government of the Russian Federation No. 539 of October 12, 2004 on the Procedure of Registration of Radio Electric and High-Frequency Devices

Specifies the rules of registration of radio electronic and high-frequency devices of civil destination used on the territory of the Russian Federation and the territories under the jurisdiction of the Russian Federation, keeping records of the radio electronic and high-frequency devices, issue of the certificate of registration to the holder of the radio electronic and high-frequency devices. Lists radio electronic and high-frequency devices subject to registration.

The earlier issued permissions for the operation of radio electronic and high-frequency devices, for the use of radio frequencies or radio-frequency channels for ship radio stations (licenses of ship radio stations) are valid until expiry.

The rules do not apply to the registration of radio electronic and high-frequency devices of the state bodies and organisations used for the needs of state management, including the president's and the governmental communication, for the needs of the country's defence, state security and public order, the frequencies (radio-frequency channels) being assigned by the Ministry of Defence of Russia and the Federal Guard Service.

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