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 27.06.2005

Decision of the Government of the Russian Federation No. 395 of June 22, 2005 on the Interim Rates of Import Customs Duties for Some Types of Technological Equipment for the Light and Textile Industries

Introduces for nine months the rates of import customs duties for individual types of machines used in the light and textile industries. The amount of the import duty makes 0% of the customs cost, except for "other" machines where the rate is fixed in the amount of 5% of the customs cost.

The Decision is entered into force from July 15, 2005.

Decision of the Government of the Russian Federation No. 394 of June 22, 2005 on the Endorsement of the Rates of Export Customs Duties for Secondary Aluminium Alloys Exported from the Territory of the Russian Federation outside the Member-States of the Customs Union Agreements

The export rate for the secondary aluminium alloys in ingots or in liquid state (codes according to the Foreign Trade Commodity Nomenclature of the Russian Federation 7601 20 910 0, 7601 20 990 0) is fixed in the amount of 3% of the customs cost (earlier, 5% of the customs cost).

The Decision is entered into force one month after the day of its official publication.

Decision of the Government of the Russian Federation No. 393 of June 22, 2005 on the Endorsement of the Rates of Import Customs Duties for Some Types of Digital Audio and Video Equipment

The rates of the import customs duties for some types of digital audio and video equipment earlier introduced for nine months by the Decision of the Government of the Russian Federation No. 469 of September 10, 2004 are prolonged on unlimited basis.

The Decision is entered into force from July 15, 2005.

Decision of the Government of the Russian Federation No. 392 of June 22, 2005 on the Endorsement of the Rates of Import Customs Duties for Stomic-Use Devices

The rates of import customs duties for stomic-use devices (3926 90 910 1, 3926 90 910 9, 3926 90 990 2, 3926 90 990 8) earlier introduced for nine months by the Decision of the Government of the Russian Federation No. 475 of September 10, 2004 are prolonged on unlimited basis.

The Decision is entered into force from July 15, 2005.

Letter of the Federal Tax Service No. KB-6-24/420@ of May 20, 2005 on the Taxpayer Accounts in Liquidated Banks

Explains the procedure of recording in information resources of the tax bodies of information on taxpayer accounts in liquidated banks.

If the bank account contract is not dissolved at the moment of liquidation of the credit organisation, and information of the closing of the settlement ( current) account is not sent to the body in charge of registration (tax body) at the place of location of the legal entity (place of residence of independent entrepreneur), there no reasons to enter the record of the closing of the account in the Uniform State Register of Legal Entities, Uniform State Register of Independent Entrepreneurs, as well as other databases of the tax bodies.

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