Windfall tax for major companies to be introduced in Russia

Garant Free Online Demo

Legal information system for your company.
Simply click on the button Start working and the system Legislation of Russia in English will be available for unlimited time.

Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 14.10.2005

Federal Law No. 128-FZ of October 12, 2005 on the Renaming of the City of Bednodemyanovsk of the Bednodemyanovsk Region of the Penza Province into the City of Spassk

The city of Bednodemyanovsk has regained its historical name - city of Spassk. In 1779, the village of Novo-Spasskoye was renamed into the regional city of Spassk of the Tambov Province at the decree of Empress Catherine II. In 1925, the All-Russia Central Executive Committee adopted a decision on the basis of the decision of the province party conference on the renaming of the city of Spassk of the Penza Province into the city of Bednodemyanovsk.

Federal Law No. 127-FZ of October 12, 2005 on the Amendments to Article 96.1 of the Budget Code of the Russian Federation

The changes envisage an increase of the basic price for the Urals raw oil for the cases of use of resources of the Stabilisation Fund of the Russian Federation from USD 146 per ton (USD 20 per barrel) to USD 197.1 per ton (USD 27 per barrel).

The Federal Law is entered into force from January 1, 2006.

Decision of the Government of the Russian Federation No. 604 of October 12, 2005 on the Introduction of Special Duties for Individual Commodities Originating in the Ukraine and Imported to the Customs Territory of the Russian Federation

Starch treacle (code according the Foreign Trade Commodity Nomenclature 1702 30 990 1) shall be imported from the Ukraine to the Russian Federation at the special duty of EUR 0.6 per kg (the rate for the import of the mentioned commodity from other countries makes 5% of the customs cost). The same amount of the special duty is introduced for boiled sweets containing cocoa, whether or not stuffed, toffee, caramels and other similar sweets (codes according to the Foreign Trade Commodity Nomenclature 1806 90 500 1, 1806 90 500 2 and 1806 90 500 9). Boiled sweets without cocoa, whether or not stuffed, toffee, caramels and similar sweets (codes according to the Foreign Trade Commodity Nomenclature 1704 90 710 0 and 1704 90 750 0) shall be imported at the special rate of 20% of the customs cost, however, not less than EUR 0.25 per kg.

The Decision is entered into force one month after the day of its official publication.

Order of the Ministry of Public Health and Social Development of the Russian Federation No. 627 of October 7, 2005 on the Endorsement of the Joint Nomenclature of State and Municipal Public Health Institutions

The Joint Nomenclature shall include medical treatment and prevention institutions (hospitals, dispensaries, out-patient clinics, centres, including the scientific research and practical ones, first aid institutions and blood transfusion institutions, maternity and childhood protection institutions, sanatoria and resorts), special-type public health institutions, institutions of enforcement in the sphere of protection of consumer rights and human well-being, apothecary institutions.

The heads of the federal bodies of executive power possessing subordinate public health intuitions, heads of the bodies of public health management of the subjects of the Russian Federation are recommended to bring the names of the public health institutions in compliance with the Joint Nomenclature.

Registered in the Ministry of Justice of the Russian Federation on October 12, 2005. Reg. No. 7070.

Order of the Federal Antimonopoly Service No. 213 of September 23, 2005 on the Endorsement of the Procedure of Determination of the Dominating Position of Leasing Organisations at the Market of Leasing Services

Position of the leasing organisation is recognised to be dominating if the share at the federal market of leasing services is exceeded by 10% and at the regional - by 25%. The dominating position is not considered to be a violation of the antimonopoly legislation, but serves as grounds for a systematic monitoring of activities of the leasing organisation on the part of the antimonopoly body to prevent or stop abuse of the dominating position.

The dominating position is determined on the basis of analysis of the competition at the federal and/or regional markets of leasing services. The dominating position at the federal market is assessed only for a leasing organisation maintaining its activities in at least two subjects of the Russian Federation.

Registered in the Ministry of Justice of the Russian Federation on October 12, 2005. Reg. No. 7069.

Order of the Ministry of Finance of the Russian Federation No. 107n of August 22, 2005 on the Endorsement of the Standards of Disclosing of Information on the Investing of Resources of Accumulated Pensions

Defines the composition, procedure and time limits for disclosing of information on the investing of resources of accumulated pensions and information on the structure and composition of stock-holders (participants) of the management companies and the specialised depositary.

Disclosing of information applies to the management companies having concluded contracts of trust control for the resources of accumulated pensions with the Pension Fund as a result of the contest, state management company, specialised depositary having concluded the contract for the services to the Pension Fund and the Pension Fund itself.

Lists information that must be disclosed, in particular, investment declaration and the audit statement on the accounting work and financial reports of the management company pertaining to generation and investing of resources of accumulated pensions, as well as financing of payments at the expense of accumulated pensions. The information is disclosed with various frequency through the Internet, as well as by submitting it to the Federal Service for Financial Markets and the Pension Fund.

Registered in the Ministry of Justice of the Russian Federation on October 12, 2005. Reg. No. 7067.

Contact Us

Leave us a message