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 2.11.2004

Decree of the President of the Russian Federation No. 1354 of October 25, 2004 on the Invalidation of Some of the Acts of the President of the Russian Federation

To streamline the activities of the bodies formed by the President of the Russian Federation, invalidates individual acts of the President of the Russian Federation, in particular, on the State Commission for Investigation of the Reasons of Acute Destabilisation of the Financial Market, on the Joint Commission for Coordination of Legislative Activities and other.

The Decree is entered into force from the day of its signing.

Order of the Ministry of Finance of the Russian Federation No. 95n of October 27, 2004 on the Procedure of Entry into Force of the Order of the Ministry of Finance of the Russian Federation No. 79n of September 15, 2004

The Order of the Ministry of Finance of Russia No. 79n of September 15, 2004 on the amendments to the Directions on the procedure of application of the budget classification of the Russian Federation endorsed by the Order of the Ministry of Finance of the Russian Federation No. 127n of December 11, 2002 is entered into force from the day of its signing.

Letter of the Ministry of Taxation of the Russian Federation No. 04-3-01/665@ of October 27, 2004 "Purchase of Transport Vehicles by an Independent Entrepreneur"

Independent entrepreneurs engaged in the purchase-and-sale activities and using their private vehicle for transportation of commodities purchased for sale may reduce the incomes from such operations by the amount of expenses directly associated with such sale (in particular, expenses for the storage, servicing and transportation of the sold commodities). Material expenses must be certified on the documentary basis with cash register checks.

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