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 28.03.2005

Order of the Ministry of Public Health and Social Development of the Russian Federation No. 191 of March 3, 2005 on the Agency Awards of the Ministry of Public Health and Social Development of the Russian Federation

Endorses the Regulations on the agency awards of the Ministry of Public Health and Social Development: decoration sign "Mercy", breast badges "Expert of Public Health", "Expert of the Social and Labour Sphere" and the Certificate of Honour. Provides descriptions of the mentioned awards.

Letter of the Federal Tax Service No. GV-6-21/213@ of March 22, 2005 on the Calculation of the Tax Rate for the Tax on Extraction of Mineral Resources for the February of 2005

Provides information on the average level of prices for the Urals oil at the Mediterranean and the Rotterdam markets applied for the calculation of the tax on extraction of mineral resources for oil for the February of 2005.

Letter of the Federal Tax Service No. 02-1-07/2 of February 2, 2005 on the Procedure of Registration for Profit Taxation Purposes of the Interest under an Investments Tax Credit

Explains that the interest under an investments tax credit is not qualified as interest under borrowings of civil nature. The interest paid out by the organisation under the investments tax credit granted in compliance with the Tax Code of the Russian Federation may not reduce the taxable base for the profit tax.

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