Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 13.05.2005

Order of the Ministry of Natural Resources of the Russian Federation No. 62 of March 15, 2005 on the Endorsement of the Procedure of Processing of Requests for the Right of Use of Subsoil Resources for the Purpose of Geological Surveys of the Parts of Subsoil Resources of Internal Sea Waters, Territorial Sea and the Continental Shelf of the Russian Federation

The endorsed procedure shall regulate the processing of requests for the right of use of subsoil resources for the purpose of geological surveys of the parts of subsoil resources of internal sea waters, territorial sea and the continental shelf of the Russian Federation.

The right of use of the parts of subsoil resources emerges on the basis of the decision of the Federal Agency for the Use of Subsoil Resources as a result of examination of the request.

Registered in the Ministry of Justice of the Russian Federation on April 26, 2005. Reg. No. 6560.

Order of the Ministry of Natural Resources of the Russian Federation No. 61 of March 15, 2005 on the Endorsement of the Procedure of Processing of Requests for the Right of Use of Subsoil Resources for the Purpose of Geological Surveys of the Parts of Subsoil Resources

The endorsed procedure shall regulate the processing of requests for the right of use of subsoil resources for the purpose of geological surveys of the parts of subsoil resources except for the parts of subsoil resources of internal sea waters, territorial sea and the continental shelf of the Russian Federation.

The right of use of subsoil resources for the purpose of geological surveys emerges on the basis of the decision of the commission created by the Federal Agency for the Use of Subsoil Resources including also representatives of the body of executive power of the appropriate subject of the Russian Federation for the purpose of processing of requests for the right of use of the parts of subsoil resources.

Registered in the Ministry of Justice of the Russian Federation on April 26, 2005. Reg. No. 6559.

Letter of the Federal Tax Service No. ShT-6-10/371@ of May 3, 2005 on the Blank Forms of Payment Documents

Territorial banks and divisions of the Savings Bank of Russia in the city of Moscow shall accept payment documents of the old type form N PD (tax) together with the new ones until July 1, 2005.

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