Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 23.11.2004

Decree of the President of the Russian Federation No. 1453 of November 18, 2004 on the Federal Agency for Tourism and the Federal Agency for Physical Culture and Sports

The Federal Agency for Physical Culture, Sports and Tourism is reorganised into the created Federal Agency for Physical Culture and Sports, and the Federal Agency for Tourism is formed. The new bodies shall be supervised by the Government of the Russian Federation. Appropriate changes are introduced in the structure of the federal bodies of executive power endorsed by the Decree of the President of the Russian Federation No. 649 of May 20, 2004.

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

Decision of the Government of the Russian Federation No. 652 of November 19, 2004 on the Endorsement of the Rules of Consumption and Registration of Resources Allocated to Grant Subventions from the Federal Budget to the Budgets of the Subjects of the Russian Federation to Cover the Housing and Communal Services Rendered to Citizens Having Been Exposed to Radiation because of the Disaster at the Chernobyl Nuclear Power Station, Accident at the Industrial Association Mayak and Nuclear Tests at the Semipalatinsk Test Field, As Well As to Individual Categories of Citizens out of Veterans and Invalids

Subventions are transferred to the budgets of the subjects of the Russian Federation to the accounts of the Federal Treasury bodies opened for cash services for the execution of the budgets of the subjects of the Russian Federation. Registration of operations of payment for the housing and communal services rendered to citizens is arranged on the personal account of the recipient of resources of the budget of the subject of the Russian Federation opened in the Federal Treasury body. The form of the measures of social support provided to citizens to pay for the housing and communal services is specified in the normative and legal acts of the subjects of the Russian Federation.

The Direction is entered into force from January 1, 2005.

Decision of the Government of the Russian Federation No. 651 of November 18, 2004 on the Amendments to the Decision of the Council of Ministers - the Government of the Russian Federation No. 941 of September 22, 1993

Soldiers and officers of the bodies of internal affairs, State Fire Service, institutions and bodies of the criminal execution system enjoying after dismissal the right for the pension upon reaching the limiting age, length of service permitting to get the pension, dismissed because of staff cuts, illness or health condition who have the length of service of 20 years and more (in calendar figures), as well as the citizens dismissed from the military service upon reaching the limiting age, because of the health condition or staff organisational measures who have the total length of service of 20 years and more, shall get monetary compensation in the amount of actually paid land tax and the property tax from natural persons.

The monetary compensation is paid out by the pension body at the place where they get the pension upon submission of the notification of payment of the appropriate tax and the payment documents confirming the payment. Recalculation of the amount of the monetary compensation in cases of incorrect taxation is permitted for the most recent three years only.

The Decision applies to legal relations emerging from January 1, 2005.

Decision of the Government of the Russian Federation No. 647 of November 17, 2004 on the Calculation and Compensation of the Losses of the Forestry Fund When the Forestry Lands Are Converted into Non-Forestry Ones for Their Use for the Purposes Other Than the Forestry Management or Use of the Forestry Fund and When the Lands of the Forestry Fund Are Converted into the Lands of Other Categories

Compensation of losses of the forestry fund is arranged through collection of payment for the mentioned conversions. The Decision defines the rules of calculation and collection of payment for the conversion of the forestry lands into non-forestry ones for use for the purposes other than the forestry management, use of the forestry fund and when the lands of the forestry fund are converted into the lands of other categories. Provides basic amounts of payment for the mentioned conversions, as well as the coefficients taking account of the ecological component of the assessment of lands of the forestry fund depending on the group and category of protection of group I forests and the period of conversion of the forestry lands into the non-forestry ones.

The Decision is entered into force from January 1, 2005.

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