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 11.11.2005

Federal Law No. 143-FZ of November 8, 2005 on the Ratification of the Protocol between the Government of the Russian Federation and the Government of the Republic of Bulgaria to the Treaty between the Government of the Russian Federation and the Government of the Republic of Bulgaria on the Promotion and Mutual Protection of Capital Investments of June 8, 1993

Ratifies the Protocol signed in Sofia on March 2, 2003 refining and supplementing individual provisions of the Treaty between the Government of the Russian Federation and the Government of the Republic of Bulgaria on the promotion and mutual protection of capital investments of June 8, 1993.

Federal Law No. 142-FZ of November 8, 2005 on the Ratification of the Treaty between the Government of the Russian Federation and the Government of the Republic of Bulgaria on the Promotion and Mutual Protection of Capital Investments

Ratifies the Treaty signed in Sofia on June 8, 1993. The Treaty is aimed at creation and maintaining of favourable conditions for capital investments of investors of participating countries. Capital investments may not be expropriated or nationalised except for the cases when such measures are taken in the public interests according to the procedure specified in the law, are not discriminatory and imply the paying out of a fast, adequate and efficient compensation.

Decision of the Government of the Russian Federation No. 666 of November 8, 2005 on the Authorised Federal Bodies of Executive Power in Charge of the Normative and Legal Regulation and State Control (Enforcement) in the Sphere of Relations Pertaining to Generation, Investing and Use of Savings of the Housing Support for Servicemen Participating in the Accumulated Mortgage System

The Ministry of Defence of Russia shall fulfil the functions of normative and legal regulation and state control (enforcement) in the sphere of relations pertaining to generation and use of savings of the housing support for the servicemen participating in the accumulated mortgage system, the Federal Service for Financial Markets of Russia - in the sphere of relations pertaining to investing of the savings of the housing support for the mentioned servicemen.

Decision of the Government of the Russian Federation No. 664 of November 8, 2005 on the Amendments to the Decision of the Government of the Russian Federation No. 699 of October 1, 2001

Changes the procedure and terms of the restructuring of the debts in insurance contributions to the state social extra-budgetary funds, accrued penalties and fines available with organisations as of January 1, 2001. The mentioned restructuring is carried out using information of the tax bodies as of the date of adoption of the decision on the restructuring.

The decision on the restructuring of the debts shall be taken on the basis of the additional application of the organisation involved in the restructuring process pertaining to the amount not greater than the amount of debts in penalties and fines, including those acknowledged by the organisation for collection, as of the date of submission of the mentioned application.

Decision of the Government of the Russian Federation No. 663 of November 8, 2005 on the Amendments to the Decisions of the Government of the Russian Federation No. 48 of January 23, 2003 and No. 880 of December 30, 2004

Amount of quota for the import of fresh, chilled or frozen poultry meat and edible offal is increased to 1,090 thousand tons (earlier, the quota reached the level of 2004 and made 1,050 thousand tons). In particular, the amount of the quota for the USA is increased from 771.9 to 811.9 thousand tons.

The Decision is entered into force from the day of its official publication.

Decision of the Government of the Russian Federation No. 655 of November 7, 2005 on the Procedure of Functioning of the Accumulated Mortgage System of Housing Support for Servicemen

Lists the elements necessary for the normal functioning of the accumulated mortgage system of housing support for servicemen. Defines the rules of keeping of the personal savings accounts of participants of the mentioned system, rules of providing information on the management companies, on the specialised depositary, as well as on the condition of the personal savings accounts, as well as the rules of generation of the savings for the housing support and their registration on the personal savings accounts.

The personal savings account is a form of analytical records including the multitude of information on the savings generated at the expense of the resources of the federal budget, other receipts, incomes from investing of these resources, debts and obligations of the participant of the accumulated mortgage system to the authorised federal body secured with pledging, as well as information on this participant.

Order of the Ministry of Justice of the Russian Federation No. 189 of October 14, 2005 on the Endorsement of Internal Rules of Preliminary Investigation Isolation Wards of the Criminal Execution System

Specifies the procedure and conditions of detention of suspects and the accused. The detention regime must provide for the observation of the rights of suspects and the accused, execution of their duties, their isolation, as well as solving the tasks envisaged in the Code of Criminal Procedures of the Russian Federation.

Observation of the regime, maintaining internal rules is vested in the administration of the preliminary investigation isolation wards and their personnel.

The Order regulates the procedure of acceptance and accommodation of detainees, personal investigation, material and medical provisions. Envisages opportunities of execution of religious rites by suspects and the accused, participation in family and legal relations, civil transactions, providing paid telephone communication.

Registered in the Ministry of Justice of the Russian Federation on November 8, 2005. Reg. No. 7139.

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