Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 24.10.2005

Decision of the Government of the Russian Federation No. 625 of October 18, 2005 on the Endorsement of the Rules of Spending of Subventions from the Regional Fund of Compensations Financed at the Expense of Subventions from the Federal Fund of Compensations

The subventions are granted to the local budgets to finance expenditure obligations of municipal formations when the bodies of local government are empowered by the federal laws and the laws of the subjects of the Russian Federation with individual state authority financed at the expense of subventions from the Federal Fund of Compensations.

The subventions are transferred to the local budgets to the accounts of territorial bodies of the Federal Treasury opened for cash services for the execution of the local budgets.

In cases of use of subventions for other than designated purposes, appropriate resources are collected to the budget of the Russian Federation for subsequent transfer to the federal budget.

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

Order of the Ministry of Finance of the Russian Federation No. 120n of September 20, 2005 on the Amendments to the Order of the Ministry of Finance of the Russian Federation No. 89n of July 11, 2005 on the Endorsement of the Regulation on the Territorial Bodies of the Federal Service of Financial and Budget Enforcement

Territorial bodies of the Federal Service of Financial and Budget Enforcement are empowered with the functions of currency control on the territory of one or several subjects of the Russian Federation. Earlier, the mentioned bodies were agents of currency control, which did not comply with the changes introduced by the Federal Law No. 90-FZ of July 18, 2005 to the legislation on currency regulation and currency control.

The mentioned function is implemented by checking observation by residents and non-residents of the acts of the currency legislation of the Russian Federation and the acts of the bodies of currency regulation, full and true records and reports on currency operations of residents and non-residents. Territorial bodies of the Federal Service of Financial and Budget Enforcement may request and obtain information, including the one pertaining to currency operations, opening and keeping of accounts.

Registered in the Ministry of Justice of the Russian Federation on October 19, 2005. Reg. No. 7105.

Order of the Ministry of Public Health and Social Development of the Russian Federation No. 609 of September 29, 2005 on the Amendment to the Order of the Ministry of Public Health and Social Development of Russia No. 336 of December 23, 2004 on the Labour Remuneration for the Heads of the Federal State Institutions of Medical and Social Expert Evaluation - Chief Bureaus of Medical and Social Expert Evaluation - Chief Experts of Medical and Social Expert Evaluation

In view of the raising in pursuance of the Decision of the Government of the Russian Federation No. 522 of August 18, 2005 from September 1, 2005 of tariff rates (salaries) of employees of the federal state institutions, appropriate changes are introduced in tariff rates (salaries) of the Uniform Tariff of Labour Remuneration for the heads of the federal state institutions of medical and social expert evaluation - chief bureaus of medical and social expert evaluation - chief experts of medical and social expert evaluation.

Registered in the Ministry of Justice of the Russian Federation on October 19, 2005. Reg. No. 7099.

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