Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 21.09.2005

Decision of the Government of the Russian Federation No. 572 of September 17, 2005 on the Endorsement of the Rules of Carrying out of Contests to Select the Specialised Depositary to Conclude the Contract for the Services of a Specialised Depositary and to Choose the Management Companies to Conclude Contracts of Trust Control for the Savings of the Housing Support for Servicemen

The contest organiser is the Ministry of Defence of Russia. The contest is an open one. The Decision defines the procedure of preparation and carrying out of the contest, requirements to the contest documentation, procedure of submission of requests and determination of the winner.

Provides the rules of determination of the total weighted figure (rating) of the specialised depositary or the management company during the contests.

Order of the Ministry of Agriculture of the Russian Federation No. 163 of September 5, 2005 on the Endorsement of the Procedure of Arranging Auctions to Sell the Quotas of the Catch of Water Bioresources and Shares in the Total Volume of Quotas of the Catch of Water Bioresources for the Purposes of Industrial Fishing

Defines the terms of arranging of auctions to sell the quotas of the catch of water bioresources and the shares in the total volume of the catch of water bioresources for the purposes of industrial fishing. The auction organiser is the Federal Fishing Agency that creates a special commission.

The auctions may be of open type (sale of quotas and shares for the purpose of industrial fishing, except for the coastal fishing) and of closed type (for the coastal fishing). The sale of quotas and shares shall be arranged in the sales area of the exchange selected according to established procedure. The Order defines the documents submitted to the commission to take part in the auction 10 working days in advance of the date of the auction. Specifies the procedure of transfer and return of the advance payment.

The auction is considered to have failed if the number of participants is less than 2. The notification of the auction shall be published in Rossiyskaya Gazeta, as well as on the web site of the Federal Fishing Agency no later than 30 days in advance of the auction.

Endorses the Regulation on the commission specifying its status, goals, tasks and procedure of forming.

Registered in the Ministry of Justice of the Russian Federation on September 16, 2005. Reg. No. 7019.

Direction of the Central Bank of Russia No. 1606-U of August 11, 2005 on the Procedure of Processing of the Documents Used As the Basis of Activities of Credit Organisations before the State Registration of the Changes in Constituent Documents, State Registration of Credit Organisations Created through Reorganisation, As Well As before the Replacement of Licenses for Bank Operations

Defines the procedure of work of the structural divisions of the Bank of Russia with the documents that were used by credit organisations as the basis of their activities before expansion, before registration of the changes in the constituent documents, before abandonment of restrictions for operations available in the licenses, before obtaining the status of a bank by a non-bank credit organisation or obtaining the status of a non-bank credit organisation by a bank, as well as before the reorganisation of the credit organisation.

Lists the documents that the territorial institution of the Bank of Russia must hand out to the chairman of the board of directors (supervisory board) of the credit organisation or another authorised person on condition of submission of the earlier issued certificates and licenses used as the basis for the activities of credit organisations before replacement of licenses (expansion of activities, change of status, reorganisation, abandonment of restrictions available in the licenses).

The Direction is entered into force 10 days after the day of its official publication in the Herald of the Bank of Russia.

Registered in the Ministry of Justice of the Russian Federation on September 16, 2005. Reg. No. 7016.

Order of the Federal Tax Service No. SAE-3-22/417 of August 31, 2005 on the Endorsement of the Forms of Documents Necessary for the Application of the Simplified System of Taxation on the Basis of a Patent

Endorses three forms: No. 26.2.P-1 "Application for the Patent for the Right of Application of the Simplified System of Taxation on the Basis of a Patent", No. 26.2.P-2 "Notification of the Refusal to Issue the Patent" and No. 26.2.P-3 "Patent for the Right of Application of the Simplified System of Taxation on the Basis of a Patent".

Registered in the Ministry of Justice of the Russian Federation on September 15, 2005. Reg. No. 7010.

Direction of the Central Bank of Russia No. 1595-U of July 14, 2005 on the Adjustment of Individual Acts of the Bank of Russia

Invalidates the Direction of the Bank of Russia No. 118-U of December 30, 1997 on the procedure of submission of reports by credit organisations with revoked licenses for bank operations with amendments. Instead of the mentioned document, one should be guided by the Direction of the Bank of Russia No. 1594-U of July 14, 2005 on the list, forms and procedure of drawing up and submission of reports of liquidated credit organisations to the Central Bank of the Russian Federation.

The Direction is entered into force 10 days after the day of its official publication in the Herald of the Bank of Russia.

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