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 28.10.2005

Decision of the Government of the Russian Federation No. 636 of October 24, 2005 on the Amendments to Some of the Legislative Acts of the Government of the Russian Federation on Housing Subsidies to Citizens Leaving (Having Left) the Regions of the Far North and Similar Localities

The functions of the Ministry of Economic Development of Russia in grating housing subsidies to citizens leaving (having left) the regions of the Far North and similar localities are redistributed between the Federal Agency for Construction and the Housing and Communal Services and the Ministry of Regional Development of Russia. The duties of the state orderer for the main measures in implementation of the Federal Law on the housing subsidies leaving the regions of the Far North and similar localities are vested in the Federal Agency for Construction and the Housing and Communal Services. Control of application of the Regulation on the registration of citizens entitled for the housing subsidies because of the resettlement from the regions of the Far North and similar localities of December 10, 2002 is also vested in the Federal Agency for Construction and the Housing and Communal Services. The Ministry of Regional Development of Russia shall endorse distribution of certificates by the subjects of the Russian Federation. Blank forms of the housing certificates shall be issued by the Federal Agency for Construction and the Housing and Communal Service.

The Decision extends the list of the documents submitted to draw up the housing certificates. It shall include: a copy of the personal account of the dwelling space occupied at the pace of registration; documents confirming kindred relations of the applicant and the persons indicated as parents, spouse, children; documents confirming acknowledgment by the family members of the applicant of other persons indicated by the applicant as such. Introduces a new form of the state housing certificate.

Credit organisations selected on the contest basis to implement the subprogram "State Housing Certificates" for the years 2004-2010 are permitted to participate in 2005 in financial servicing of the measures of implementation of the Federal Law on the housing subsidies for the citizens leaving the regions of the Far North and similar localities.

Letter of the Federal Tax Service No. MM-6-03/877@ of October 19, 2005 on the Procedure of Collection of Indirect Taxes in Cases of Import of Commodities from the Territory of the Republic of Belarus

For the purposes of VAT payment at the import of commodities from the territory of the Republic of Belarus, the taxable base is determined as a sum of the cost of purchased commodities including the transportation and delivery expenses for the given commodities, as well as excise duties due for payment. In the determination of the cost of the purchased commodities (products of processing), the price of the transaction shall include, in particular, expenses of delivery of commodities, including the expenses of transportation, loading, unloading, reloading and forwarding. In this case it is of no importance if the transportation was made by the Russian importer independently or the services of transportation, loading, unloading, reloading and forwarding were rendered by outside organisations. A similar procedure of determination of the taxable base for the value added tax is applied also for the cases of services of transportation, loading, unloading, reloading, and forwarding rendered by Belorussian taxpayers.

Letter of the Department of Regulation of the State Financial Control, Audit Activities, Accounting Work and Reporting of the Ministry of Finance of the Russian Federation No. 07-05-06/269 of October 5, 2005

When commercial organisations generate reports of use of budget resources, it is necessary to be guided by the requirements of the budget legislation.

The chief administrator of the budget resources may specify the requirements to the composition and procedure of submission by the commercial organisation receiving budget resources of the figures confirming the expediency of spending of the mentioned monetary resources.

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