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 17.10.2005

Federal Constitutional Law No. 6-FKZ of October 14, 2005 on the Forming in the Russian Federation of the New Subject of the Russian Federation As a Result of a Merger of the Krasnoyarsk Territory, Taymyr (Dolgano-Nenetsky) Autonomous District and the Evenki Autonomous District

Defines the main terms, procedure and time limit for the forming of the new subject of the Russian Federation, its status and borders, time limit for the termination of the Krasnoyarsk Territory, Taymyr (Dolgano-Nenetsky) and the Evenki Autonomous Districts. Specifies the transient period for the forming of the new subject of the Russian Federation - Krasnoyarsk Territory - from January 1 and no later than December 31, 2007. Within the mentioned transient period, the forming of the bodies of state power of the new subject of the Russian Federation must be finished.

Also defines the procedure of preparation and adoption of the budgets of the new subject of the Russian Federation, procedure for its financial support from the federal budget, procedure of functioning in the transient period, as well as the legal succession, including the property of the territory and the autonomous districts, procedure of implementation of the laws and other normative legal acts.

Also defines the particulars of organisation of the local government on the territory of the new subject of the Russian Federation and other pertinent issues.

The Federal Constitutional Law is entered into force from the day of its official publication.

Federal Law No. 126-FZ of October 12, 2005 on the Amendments to Article 14 of the Federal Law on the Executive Proceedings

The changes envisage a single, three-year long time limit for execution of the writs of execution issued on the basis of the acts of the courts of general jurisdiction, arbitration courts and court orders. Earlier, a reduced, six-month long period was envisaged for the acts of the arbitration courts, which was in violation of Article 321 of the Code of Arbitration Procedures.

However, the writs of execution issued on the basis of the acts of arbitration courts where the missed time limit was restored may be presented for execution within three months.

Decision of the Government of the Russian Federation No. 612 of October 13, 2005 on the Endorsement of the Rates of Import Customs Duties for Palm Oil

The Decision preserves the rates of the import customs duties for palm oil earlier introduced for 9 months by the Decision of the Government of the Russian Federation No. 725 of December 2, 2004.

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

Decision of the Government of the Russian Federation No. 609 of October 12, 2005 on the Endorsement of the Special Technical Regulation on the Requirements to the Exhausts of Hazardous Substances (Pollutants) of the Automobiles Permitted for Circulation on the Territory of the Russian Federation

The endorsed Regulation specifies the requirements to the exhausts of hazardous substances (pollutants) of the automobiles outfitted with internal combustion engines. The objects of the Technical Regulation are newly made in the Russian Federation, as well as imported to the Russian Federation, automobiles and internal combustion engines installed on them where it permits to exhausts, as well as the fuel for such engines.

The automobiles are divided into ecology classes. Information on the ecology class is entered in the automobile identification documents. Technical requirements are defined to the automobiles and internal combustion engines installed on them

Compliance of automobiles and engines installed on them with the requirements of the Regulation is certified with a report envisaged in the UN ECE rules or the compliance certificate. The period of validity of the compliance certificates is restricted by the date of entry into force of the requirements to the ecological class, but may not be greater than 4 years. The earlier issued compliance certificates preserve their force until expiry.

The Decision defines the time limits for the entry into force of the technical normatives for exhausts.

The Special Technical Regulation is entered into force 6 months after the day of its official publication of the Decision.

Decision of the Government of the Russian Federation No. 605 of October 12, 2005 on the Amendments to the Customs Tariff of the Russian Federation Pertaining to Individual Types of Shoes

Adjusts the rates of the import customs duties for individual types of shoes. Introduces new codes of the Foreign Trade Commodity Nomenclature and specifies import duties for 9 months.

Thus, shoes with the franco frontier price of the country of import not greater than EUR 15 per pair shall be imported at the rate of EUR 2 per pair, other shoes - 10% of the customs cost, however, not less than EUR 1.8 per pair. Home and sports shoes shall be imported at the rate of 10% of the customs cost, however, not less than EUR 1 per pair (earlier, 15% of the customs cost, however, not less than EUR 0.7 per pair). Individual parts of shoes shall be imported at the rate of 5% (earlier, 10%) of the customs cost.

The Decision is entered into force 2 months after the day of its official publication.

Contact Us

Leave us a message