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 6.10.2005

Decision of the Government of the Russian Federation No. 594 of October 4, 2005 on the Amendments to the Regulation on the Organisation of Sale of State or Municipally Owned Stocks of Open-Type Joint-Stock Companies at the Special Auction Endorsed by the Decision of the Government of the Russian Federation No. 585 of August 12, 2002

Changes the procedure of sale of state or municipally owned stocks of open-type joint-stock companies at the specialised auction. If the total amount of the monetary resources indicated in the requests of the participants of the specialised auction is less than the cost of the stocks put out at the specialised auction at the initial selling price, the auction is considered to have failed. The joint selling price may not be lower than the initial selling price.

Decision of the Government of the Russian Federation No. 592 of September 30, 2005 on the Raising from September 1, 2005 of the Salaries for the Occupied Position to Employees Occupying Positions Other Than the State Ones and Providing Technical Support of Activities of the Federal State Bodies

From September 1, 2005, salaries for the occupied positions for employees occupying the mentioned positions are increased 1.33 times.

Order of the Ministry of Public Health and Social Development of the Russian Federation No. 601 of September 28, 2005 on the Endorsement of the List of Medicines

Lists the medicines sold to doctor (feldsher) prescriptions when rendering additional free medical aid to individual categories of citizens entitled for the state social aid.

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

Registered in the Ministry of Justice of the Russian Federation on September 29, 2005. Reg. No. 7052.

Order of the Federal Treasury No. 17n of September 17, 2005 on the Endorsement of the Procedure of Opening and Keeping by the Territorial Bodies of the Federal Treasury of Personal Accounts to Register Operations with Resources Available in Temporary Use with the Federal Institutions in Compliance with the Legislation of the Russian Federation

Operations with resources received for temporary use by the federal institutions are registered on the personal accounts for operations with resources received for temporary use by the federal institutions opened for them in the territorial bodies of the Federal Treasury.

The body of the Federal Treasury shall open a personal account for operations with the mentioned resources to the client to register operations with resources available in temporary use. The numbering of personal accounts for operations with resources available in temporary use shall use code 05 - personal account for operations with resources available in temporary use.

The Order provides the procedure of registration of operations on the personal accounts for the mentioned operations.

Registered in the Ministry of Justice of the Russian Federation on September 29, 2005. Reg. No. 7047.

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