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 4.03.2005

Decision of the Government of the Russian Federation No. 106 of March 2, 2005 on the Liquidation of the Federal Fund of Support of Small Businesses <br>

Pursuant to the invalidation from January 1, 2005 of Article 8 of the Federal Law on the state support of small businesses in the Russian Federation, liquidates the Federal Fund of Support of Small Businesses.

Decision of the Government of the Russian Federation No. 105 of March 2, 2005 on the Fixing of the Cost of Living in Per Capita Figures and for the Main Socio-Demographic Groups of Population in the Russian Federation for the IV Quarter of 2004 <br>

The cost of living for the whole of the Russian Federation for the IV quarter of 2004 in per capita figures is fixed in the amount of Rbl 2,451, Rbl 2,690 for the able-bodied population, Rbl 1,849 for pensioners, Rbl 2,394 for children.

Decision of the Government of the Russian Federation No. 98 of March 1, 2005 on the Procedure of Determination of the Amount of Payment for the Borrowed Material Values from the State Material Reserve <br>

Amount of payment for the borrowing is determined by the Federal Agency for State Reserves taking into account the statement of the formed interagency board including representatives of the Federal Agency for State Reserve, Ministry of Economic Development and the Ministry of Finance of Russia. The payment for the borrowing may not be greater than the discount rate of the Bank of Russia. The minimum payment for the borrowing is fixed in the amount of one hundredth of the mentioned discount rate as of the day of conclusion of the contract.

Decision of the Government of the Russian Federation No. 97 of March 1, 2005 on the Governmental Commission for Technical Regulation <br>

The Governmental Commission for Technical Regulation is a coordinating body formed to provide for coordinated actions of the federal bodies of executive power in the sphere of technical regulation.

The Commission shall handle the issues of the state of things in the sphere of registration of cases of damage to health and life of citizens, property of natural persons or legal entities, state or municipal property, environment, life or health of animals and plants taking into account the degree of such damage because of the violation of technical regulations.

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