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 15.08.2005

Decision of the Government of the Russian Federation No. 504 of August 11, 2005 on the Preliminary Measures to Protect Russian Producers of Bars for Reinforcement of Concrete Structures

From August 14, 2005 introduces for 4 months preliminary compensation duty for the bars imported from the Ukraine for reinforcement of concrete structures (codes according to the Foreign Trade Commodity Nomenclature of the Russian Federation 7213 10 000 0, 7213 91 100 0, 7213 91 410 0, 7213 91 490 0, 7213 91 700 0, 7214 20 000 0, 7214 99 100 0, 7214 99 390 0, 7227 20 000 0, 7227 90 950 0, 7228 20 190 0, 7228 20 600 0, 7228 30 690 0, 7228 30 890 0, 7228 60 890 0) in the amount of 21% of the customs cost. Earlier, the mentioned compensation duty in the same amount, however, for three years (from August 14, 2002 to August 14, 2005) was introduced by the Decision of the Government of the Russian Federation No. 509 of July 8, 2002.

Decision of the Government of the Russian Federation No. 502 of August 10, 2005 on the Endorsement of the Form of the Notification of the Transfer (Refusal to Transfer) the Dwelling (Non-Dwelling) Space into the Non-Dwelling (Dwelling) Space

Endorses the form of the document confirming adoption by the body of local government of the decision to transfer or refuse to transfer the dwelling space. The mentioned decision must be taken no later than within 45 days from the day of submission of all necessary documents to the body of local government. The notification must be sent to the applicant no later than three working days after adoption of the decision. The notification confirms the end of the transfer of the dwelling or non-dwelling space and serves as grounds to use it as such if there is not need to re-arrange it or re-plan it or carry out other works. If these measures are necessary for its use, the notification serves as grounds to carry out appropriate works.

Decision of the Government of the Russian Federation No. 501 of August 10, 2005 on the Federal Body of Executive Power in Charge of Control and Enforcement of Activities of Credit History Bureaus

The federal body of executive power in charge of control and enforcement of activities of credit history bureaus is the Federal Service for Financial Markets. Appropriate changes are introduced in the Regulation on the mentioned service endorsed by the Decision of the Government of the Russian Federation No. 317 of June 30, 2004. In particular, the sphere of reference of the Federal Service for Financial Markets of Russia includes control and revision measures pertaining to credit history bureaus.

Decision of the Government of the Russian Federation No. 500 of August 10, 2005 on the Empowering of the Federal Bodies of Executive Power with the Right to Represent Employers in Collective Negotiations, Conclude and Change Industry-Sector (Inter-Sectoral) Agreements at the Federal Level

The federal bodies of executive power are empowered with the right to represent employers - organisations in the sphere of reference of the mentioned bodies - in collective negotiations, conclude and change industry-sector (inter-sectoral agreements at the federal level.

Decision of the Government of the Russian Federation No. 499 of August 10, 2005 on the Amendments to the Decision of the Government of the Russian Federation No. 926 of December 7, 2000

Divisions of militia of the non-agency guard service of the bodies of internal affairs are included in the structure of the public security militia financed at the expense of resources of the federal budget. The procedure of creation, reorganisation and liquidation of the mentioned divisions is defined by the Ministry of Internal Affairs.

Order of the Federal Service for Tariff Rates No. 275-e/4 of July 5, 2005 on the Endorsement of the Methodology Directions on the Indexing of the Limiting (Minimum and/or Maximum) Levels of Tariff Rates and Tariff Rates for the Products (Services) of Organisations Engaged in Regulated Activities

Defines the methodology of indexing of the limiting (minimum and/or maximum) levels of tariff rates for electric and thermal power, as well as tariff rates for the appropriate services rendered by organisations engaged in regulated activities. The Directions are intended for use by the federal body of executive power and bodies of executive power of the subjects of the Russian Federation in the sphere of the state regulation of tariff rates, as well as by regulated organisations.

The indexing of tariff rates (prices) may be introduced by the body in charge of regulation for at least one year.

Registered in the Ministry of Justice of the Russian Federation on August 5, 2005. Reg. No. 6881.

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