Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 29.03.2005

Order of the Ministry of Regional Development of the Russian Federation No. 20 of March 1, 2005 on the Average Market Cost of 1 Square Meter of the Total Area of Dwelling Space for the II Quarter of 2005 for the Purpose of Calculation of the Amount of Free Subsidies for the Purchase of Dwelling Space by all Categories of Citizens Getting These Subsidies at the Expense of Resources of the Federal Budget

Endorses the amounts of the average market cost of 1 square meter of the total area of dwelling space (in roubles) for the II quarter of 2005 for the purpose of calculation of free subsidies for the purchase of dwelling space by all categories of citizens getting the mentioned subsidies at the expense of resources of the federal budget.

Registered in the Ministry of Justice of the Russian Federation on March 24, 2005. Reg. No. 6424.

Letter of the Federal Service of Insurance Enforcement No. 44-2085/02-01 of March 25, 2005 on the Procedure of Payment of the State Duty

Subjects of insurance activities shall pay the state duty in the amount of Rbl 300 for the processing of application for the license, Rbl 100 for the redrawing of the license. The issue of the license is charged with a state duty of Rbl 1,000. The Letter provides details of the payment order to transfer the mentioned payments.

Letter of the Department of Currency Regulation and Currency Control of the Central Bank of Russia No. 12-1-5/414 of February 16, 2005 on the Application of Item 2.2.3 of the Instruction of the Bank of Russia No. 113-I of April 28, 2004

Normative acts of the Bank of Russia do not specify the requirements to organisations where a cash worker may get the document confirming the passing of the special training by him in the methods of determination of the signs of authenticity of the currency notes of foreign states (groups of states), as well as the solvency and authenticity of banknotes and coins of the Bank of Russia. Therefore, an authorised bank may arrange the training of cash workers independently and issue a document of the passing of such training, or provide training in specialised organisations (educational institutions) possessing a license for the appropriate educational activities.

The document issued by one authorised bank may not serve as a sufficient confirmation of the appropriate qualification of the cash worker for another authorised bank. If the bank acknowledges the documents issued by another authorised bank, it assumes possible risks if it hires such cash worker.

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