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 19.09.2005

Decree of the President of the Russian Federation No. 1062 of September 10, 2005 "Issues of Military and Technical Cooperation of the Russian Federation with Foreign States"

Endorses a number of provisions specifying the procedure for military and technical cooperation of the Russian Federation with foreign states, granting the right to Russian organisations to carry out foreign trade activities pertaining to products of military destination, examination of requests of foreign clients and coordination of draft decisions of the President of the Russian Federation, Government of the Russian Federation and the Federal Service for Military and Technical Cooperation of Russia on supplies of products of military destination, licensing in the Russian Federation of import and export of products of military destination.

Endorses the Regulation on the Commission for Military and Technical Cooperation of the Russian Federation with Foreign States being an advisory body working out for the head of the state proposals on the main directions of the state policy in the sphere of military and technical cooperation.

Import to the Russian Federation and export form the Russian Federation, leasing, financial leasing, export for processing of the products of military destination in the course of the military and technical cooperation shall be arranged in compliance with decisions of the President of the Russian Federation, Government of the Russian Federation or the Federal Service for Military and Technical Cooperation of Russia under licenses issued by the Federal Service for Military and Technical Cooperation of Russia.

Decisions granting the right for foreign trade activities to Russian organisations pertaining to products of military destination, and refusing such right, shall be taken by the President of the Russian Federation at the presentation of the Government of the Russian Federation.

The Decree is entered into force from the day of its signing.

Order of the Federal Treasury No. 11n of August 18, 2005 on the Endorsement of the Procedure of Opening and Keeping of Personal Accounts to Register Operations with Sources of Financing of the Deficit of the Federal Budget

Personal accounts shall be opened and kept in the Federal Treasury and/or its territorial bodies to register operations with the sources of financing of the deficit of the federal budget. Personal accounts of administrators with the code 12 in the first and second digits of their numbers shall be opened according to the procedure specified for the opening of the personal accounts of the administrator of resources of the federal budget to register operations of execution of expenses of the federal budget. Personal accounts of recipients of resources for the sources of financing of the deficit of the federal budget with the code 13 in the first and second digits of their numbers shall be opened according to the procedure specified for the opening of personal accounts of recipients of resources of the federal budget.

Registered in the Ministry of Justice of the Russian Federation on September 14, 2005. Reg. No. 7008.

Order of the Federal Treasury No. 12n of August 25, 2005 on the Endorsement of the Common Procedure of Cash Services for the Execution of the Budgets of the Budget System of the Russian Federation

Defines the procedure of handing over of individual authority of the Federal Treasury in cash services for the execution of the budget of the subject of the Russian Federation, budgets of the territorial state extra-budgetary funds of the subject of the Russian Federation and the budgets of its constituent municipal formations to executive bodies of state power of this subject.

Also provides the rules for carrying out and registration of operations of cash receipts to the budget and cash payments from the budget.

The particulars of cash services for the execution of individual budgets shall be specified in other normative legal acts of the Federal Treasury.

The Order is entered into force from January 1, 2006.

Registered in the Ministry of Justice of the Russian Federation on September 14, 2005. Reg. No. 7006.

Order of the Ministry of Public Health and Social Development of the Russian Federation No. 535 of August 22, 2005 on the Endorsement of Classifications and Criteria Used in the Medical and Social Expert Certification of Citizens by the Federal State Institutions of Medical and Social Expert Evaluation

Classifications used in the course of the medical and social expert certification of citizens by the federal state institutions of medical and social expert evaluation shall define the main types of the human body malfunctions stipulated by diseases, consequences of injuries and defects, their degree, the main categories of human activities and degree of restrictions of these categories.

The criteria used in the medical and social expert certification of citizens by the federal state institutions of medical and social expert evaluation shall define the terms of qualifying the degree of labour disability and disability groups (invalid child category).

Registered in the Ministry of Justice of the Russian Federation on September 13, 2005. Reg. No. 6998.

Order of the Ministry of Finance of the Russian Federation No. 105n of August 12, 2005 on the Registration of Commercial Concession (Subconcession) Contracts

The state registration shall apply to the contract of commercial concession (subconcession), as well as its changing or termination (including an early one). The contract shall be registered by the territorial body of the Federal Tax Service of Russia having registered the legal entity or independent entrepreneur acting as franchisor under the contract. If the franchisor is registered in a foreign state, the registration is carried out at the place of location of the franchisee under the contract. The registration must be carried out no later than within five working days from the day of submission of the documents to the body in charge of registration.

The Order lists information to be contained in the submitted documents.

Registered in the Ministry of Justice of the Russian Federation on September 13, 2005. Reg. No. 6997.

Order of the Federal Service for Financial Markets No. 05-34/pz-n of September 13, 2005 on the Non-Application of the Decision of the Federal Commission for Securities and the Stock Market of the Government of the Russian Federation No. 13 of June 27, 1996 on the Endorsement of the Interim Regulation on the Granting and Publication by the Management Company of the Shared Investment Fund of Information on Activities Pertaining to the Management of the Property of the Shared Investment Fund

The mentioned Decision shall not apply pursuant to the entry into force of the Order of the Federal Service for Financial Markets No. 05-23/pz-n of June 22, 2005 on the endorsement of the Regulation on the requirements to the procedure and time limits for disclosing of information pertaining to activities of joint-stock investment funds and management companies of shared investment funds, as well as to the content of disclosed information.

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