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 31.05.2005

Decision of the Government of the Russian Federation No. 336 of May 27, 2005 on the Amendments to the Regulation on the Ministry of Finance of the Russian Federation and the Regulation on the Federal Tax Service

Specifies that decrees of the President of the Russian Federation may introduce exceptions from the rule stating that the Minister of Finance assigns to their positions and dismisses from them deputy heads of the federal services and the heads of territorial bodies of the federal services at the presentation of the heads of the federal services subordinate to the Ministry of Finance of Russia.

The head of the Federal Tax Service may assign to the position and dismiss form it the heads of interregional inspections and their deputies, deputy heads of departments in the subjects of the Russian Federation, heads of inspections by regions, urban regions, cities without regional division and inspections of interregional level.

Decision of the Government of the Russian Federation No. 334 of May 26, 2005 on the Endorsement of the Rules of Allocation of Extra-Budgetary Resources by the Chief Executor (Executor) of Works to Finance the Works in the Sphere of Outer Space Activities

Specifies the procedure and terms of allocation of extra-budgetary resources by the chief executor (executor) to finance the works envisaged in the state contracts for the works (services) under the Federal Outer Space Program, other federal programs in the sphere of outer space activities in addition to expenditure obligations of the Russian Federation.

The grounds for allocation of extra-budgetary resources for the mentioned financing is an agreement. The maximum share of participation of the chief executors (executors), other organisations and citizens in the financing of works carried out under the concluded state contracts makes 49% in total for each of the works.

Decision of the Government of the Russian Federation No. 331 of May 26, 2005 on the Endorsement of the Rules of Granting Subsidies in 2005 from the Federal Budget to the Budgets of the Subjects of the Russian Federation to Reimburse Part of Expenses Pertaining to the Rehabilitation Campaign for Children and Teenagers

The subsidies provided to the budgets of the subjects of the Russian Federation are used to cover the cost of accommodations for children and teenagers finding themselves in a hard situation, to organise children's leisure and rehabilitation; meals and travel by intercity transport to the places of recreation and back. The mentioned federal subsidies and transferred to the budgets of the subjects to the accounts of the bodies of the Federal Treasury opened for cash services for execution of the budgets of the subjects of the Russian Federation.

Letter of the Ministry of Regional Development of the Russian Federation No. 2586-MP/70 of May 27, 2005 on the Prices for Design and Survey Works in Construction for the II Quarter of 2005

The following indices of change of the cost are adopted in the II quarter of 2005: for design works in construction in the amount of 1.81 to the level of basic prices as of January 1, 2001 and 13.96 to the level of basic prices as of January 1, 1995; for survey works in construction in the amount of 1.84 to the level of basic prices as of January 1, 2001 and 20.97 to the basic prices calculated according to the Guides of Basic Prices and the Collection of Prices for survey works in capital construction as of January 1, 1991.

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