Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 22.09.2005

Decision of the Government of the Russian Federation No. 570 of September 15, 2005 on the Endorsement of the Rules of Registration of Insurants in the Territorial Fund of Obligatory Medical Insurance and the Form of the Certificate of Registration of the Insurant in the Territorial Fund of Obligatory Medical Insurance

Registration in the territorial fund of obligatory medical insurance applies to organisations, independent entrepreneurs, private lawyers, notaries, as well as the natural persons making taxable payments under labour and civil contracts (as insurants for the employed population) and the bodies of executive power of the subjects of the Russian Federation (as insurants for the unemployed population).

The Decision provides the forms of applications submitted by the mentioned persons to the territorial funds for subsequent registration.

Each insurant gets registration number at registration, the structure being endorsed by the fund of obligatory medical insurance. This number is indicated by the insurant in the payment orders when transferring the resources entered as incomes in the funds of obligatory medical insurance, as well as in other cases envisaged in the normative acts.

Decision of the Government of the Russian Federation No. 569 of September 15, 2005 on the Regulation on the State Sanitary and Epidemiological Enforcement in the Russian Federation

The state sanitary and epidemiological enforcement is a system of state measures aimed at prevention of infectious and mass non-infectious diseases of the population of the Russian Federation, prevention of harmful impact of the factors of the environment on the human being, as well as hygienic education of citizens. The state sanitary and epidemiological enforcement is vested in the Federal Service of Enforcement in the Sphere of Protection of Consumer Rights and Human Well-Being, as well as other federal bodies of executive power in their spheres of activities.

Decision of the Government of the Russian Federation No. 568 of September 15, 2005 on the Endorsement of the Rules of Compensation to Communication Operators of Expenses of Providing Telephone Communication Services in 2005 to Some Categories of Citizens Entitled for the Benefits

Communication operators shall get compensation for the expenses of provided telephone communication services in 2005 to the Heroes of the Soviet Union, Russian Federation, holders of the Order of Glory, Heroes of Socialist Labour, holders of the Order of Labour Glory and, in individual cases, members of their families living together with them. The compensation applies to the benefits in the payment of user fee and installation of the telephone line.

Letter of the Central Bank of Russia No. 120-T of September 13, 2005 on the List of Organisations

The list of organisations whose promissory notes (claims rights under credit contracts) may be accepted as a security for the credits of the Bank of Russia, as well as organisations that may act as guarantors for the promissory notes (claims rights under credit contracts) accepted as a security for the credits of the Bank of Russia, shall include also the open-type joint-stock company Vympel-Kommunikatsii (Vympelcom).

Letter of the Central Bank of Russia No. 119-T of September 13, 2005 on the Present-Day Approaches to the Organisation of Corporate Management in Credit Organisations

Corporate management is implied to be the general management of activities of the credit organisation implemented by the general meeting of participants (stock-holders), the board of directors (supervisory board) and including a complex of their relations (both regulated by internal documents and informal) with the personal executive body, collegiate executive body of the credit organisation and other interested parties.

The Letter examines such directions of corporate management as distribution of authority among the management bodies, determination of strategy of development, management of bank risks, prevention of conflicts of interests, observance of principles of professional ethics, information policy and assessment of the condition of corporate management.

Letter of the Federal Treasury No. 42-7.1-01/2.4-250 of September 5, 2005 on the Particulars of Submission of Reports of Execution of the Federal Budget by Chief Administrators of Resources of the Federal Budget to the Federal Treasury

Explains the procedure of drawing up and submission by chief administrators of resources of the federal budget of the quarterly, annual and monthly budget reports to the Ministry of Finance of Russia. In particular, defines the particulars of generation of budget reports for non-financial credits of international financial organisations and tied credits of the governments of foreign states, banks and companies, as well as for the cases of transfer of resources to the accounts of administrators (recipients) of resources of the federal budget in roubles and foreign currencies.

Provides the form of the report of execution of the budget of the chief administrator (administrator), recipient of resources of the federal budget.

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