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 8.02.2005

Decision of the Government of the Russian Federation No. 54 of February 4, 2005 on the Amendments to Some of the Acts of the Government of the Russian Federation Regulating the Issues of Export Control

The changes are stipulated by the introduction in March 2004 of the new system and structure of the federal bodies of executive power and the changing of the authority of the state bodies in the sphere of export control. The Decision specifies that the issue of the Russian import certificate of the Federal Service of Technical and Export Control of Russia is charged in the amount of 15 minimum amounts of labour remuneration.

Decision of the Government of the Russian Federation No. 52 of February 3, 2005 on the Regulating Body in Charge of Control over Activities of Self-Regulating Organisations of Bankruptcy Commissioners

The regulating body in charge of control over activities of self-regulating organisations of bankruptcy commissioners is the Federal Registration Service of Russia.

Decision of the Government of the Russian Federation No. 51 of February 3, 2005 on the Amounts and Procedure of Paying out of the Supplement for the Work on a Rotational Basis to Employees of Organisations Financed from the Federal Budget

The mentioned employees shall get the supplement for the work on a rotational basis in the following amounts instead of the daily subsistence for each calendar day of stay in the places of work durign the period of rotation, as well as for the actual days of travel from the place of location of the employer (assembly point) to the place of work and back:

- in the regions of the Far North and similar localities - 75% of the tariff rate (salary);

- in the regions of Siberia and the Far East - 50% of the tariff rate (salary);

- in other regions - 30% of the tariff rate (salary).

Calculation of the monthly supplement is made by dividing the monthly tariff rate (salary) of the employee by the number of calendar days of the appropriate month and multiplying by the total calendar days of stay of the employee in the places of work during the period of rotation and the actual days of travel from the place of location of the employer (assembly point) to the place of work and back in this month and by the specified amount of the supplement.

When getting the supplement, the field subsistence is not paid out. The supplement is calculated without the regional coefficient to the earnings and the percent supplement to the earnings for the length of work in the regions of the Far North and similar localities.

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

Decision of the Government of the Russian Federation No. 50 of February 2, 2005 on the Procedure of Application of the Means and Methods of Control When Releasing Transport Vehicles, Cargo, Commodities and Animals across the State Border of the Russian Federation

Defines the means and methods of control used by the divisions of the federal bodies of executive power in the course of the borderline, immigration, sanitary and quarantine, veterinary, phyto-sanitary and transport control in the points of transfer across the state border of the Russian Federation, as well as their application procedure.

The state control bodies shall apply technical and electronic means, armaments and equipment, engineering structures and barriers, special means and service animals. The Decision specifies an exhaustive list of the methods of control: checking of documents, oral interrogation, getting explanations, observation, escort and examination of transport vehicles, cargo, commodities and animals, examination of transport vehicles, cargo and commodities, personal search, as well as examination of the rooms and territory of the points of transfer across the state border and taking samples (prototypes) for investigation.

Information Letter of the Presidium of the Higher Arbitration Court of the Russian Federation No. 90 of January 28, 2005

Summarises the practice of processing by arbitration courts of disputes pertaining to mortgage contracts.

Thus, if the subject matter of the mortgage contract is an object of unfinished construction, the mortgage contact preserves its force when the construction is over, and its subject is the building (structure) erected as a result of fulfilled construction works. The subject of the mortgage contract may be individual room, the rights for which as an independent object of immovable property are registered according to established procedure, however, not a part of such room.

When applying vindication to the leasing right for the land plot in a mortgage contract and selling it to a person having purchased such right, the lessee duties under the appropriate lease contract shall also transfer.

Operative Direction of the Central Bank of Russia No. 116-T of October 1, 2004 on the Methodology Recommendations for the Checking of Cash Work in Credit Organisations (Their Branches)

Explains individual issues of checks of execution by credit organisations (their branches) and their internal structural divisions of the requirements of the legislation of the Russian Federation and normative acts of the Bank of Russia regulating the procedure of operations with cash and other values, encashment, transportation and storage of cash and values, organisation of work with unplayable, doubtful and bearing the signs of forgery currency notes, as well as organisation in credit organisations of internal control over the proper and timely cash services.

Provides recommendations for the checking of organisation of cash work, inventory of values, observation by the credit organisation of the rules of operations with cash, procedure of packing of banknotes and coins of the Bank of Russia and cash services for the branches and internal structural divisions of the credit organisation (its branch).

Provides an approximate list of violations found with credit organisations in the course of cash operations.

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