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 18.08.2005

Decision of the Government of the Russian Federation No. 516 of August 15, 2005 on the Amendments to the Regulation on the Federal Service of Enforcement of Observation of Legislation in the Sphere of Mass Communication and Protection of Cultural Heritage

Specifies that the Federal Service of Enforcement of Observation of Legislation in the Sphere of Mass Communication and Protection of Cultural Heritage shall issue permissions to distribute foreign periodicals on the territory of the Russian Federation

Decision of the Government of the Russian Federation No. 514 of August 13, 2005 on the Particulars of the Status of and the Typical Regulation on the Position of State Secretaries - Deputy Heads of the Federal Bodies of Executive Power

The position of the state secretary is qualified as a higher group of officials of the civil service of the category "heads". The main service duties of state secretaries shall include preparation of draft laws in the federal bodies of executive power, preparation of suggestions to form the position of the President of the Russian Federation and the Government of the Russian Federation on the draft federal laws processed by the Parliament, as well as providing for interaction with the chambers of the Federal Assembly. Provides a typical regulation on the position of the state secretary.

Order of the Central Bank of Russia No. OD-469 of August 5, 2005 on the Application of the Procedure of Granting Credits to the Banks by the Bank of Russia Secured with the Pledging of Promissory Notes, Claims Rights under Credit Contracts of Organisations or Guarantees of Credit Organisations

Lists the territorial institutions of the Bank of Russia entitled to carry out operations of refinancing of credit organisations in compliance with the Regulation of the Bank of Russia No. 273-P of July 14, 2005 on the procedure of granting credits to credit organisations by the Bank of Russia secured with the pledging of promissory notes, claims rights under credit contracts of organisations or guarantees of credit organisations.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-05-01-04/250 of July 27, 2005

If the purchase and sale transaction for the dwelling home or flat is committed between relatives being mutually dependent, the property tax exemption envisaged in Item 1 of Article 220 of the Tax Code of the Russian Federation does not apply.

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