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 4.04.2006

Decision of the Government of the Russian Federation No. 176 of March 31, 2006 on the Endorsement of the Rules of Transfer of Individual Land Plots out of Lands Allocated for the Needs of Defence and Security for Leasing or Free Use for a Limited Period of Time by Legal Entities and Citizens for Agricultural, Forestry and Other Purposes

Defines the terms of transfer, out of lands allocated for the needs of defence and security, of the federally owned land plots that are not used temporarily for these needs to legal entities and citizens for leasing or free use for a limited period of time for agricultural, forestry and other purposes other than construction (except for construction of temporary structures) without changing their destination.

The rules do not apply to land plots intended for the special-regime objects of the Russian Federation.

Federal bodies of executive power where the federal law envisages military service shall form according to established procedure out of lands allocated for the needs of defence and security that are not used temporarily by them the lists of land plots to be sent no later than May 1 with attached boundary proposals to the Federal Agency of Federal Property Management.

Within 2 weeks from the date of receiving of the lists, information on the mentioned land plots shall be placed in the printed media, as well as on the official site of the Federal Agency of Federal Property Management in the Internet.

Decision to grant or refuse to grant the land plot shall be taken by the Federal Agency of Federal Property Management within 2 weeks from the day of receiving of the appropriate application of the legal entity or citizen.

Decision of the Government of the Russian Federation No. 173 of March 30, 2006 on the Federal Aeronavigation Service

Specifies that the Federal Aeronavigation Service shall implement the authority vested in compliance with the legislation of the Russian Federation in the federal body of executive power in charge of transport, specially designated body in the sphere of civil aviation, designated body in the sphere of defence, management body of the joint system of air traffic control, state inspection bodies of civil aviation in the sphere of use of the air space of the Russian Federation, aeronavigation services of users of the air space of the Russian Federation and the air and outer space search and rescue.

Endorses the Regulation on the Federal Aeronavigation Service describing its sphere of reference. This is, in particular, the authority to adopt the federal aviation rules and other normative legal acts, issue flight permissions and certificate of the air personnel, carry out obligatory certification, specify the rates of fees for the aeronavigation services, provide remote radio navigation support.

The norm of the Regulation on the remote radio navigation support to be implemented by the Federal Aeronavigation Service shall enter into force from the day of entry into force of the act of the Government of the Russian Federation ordering the transfer in the sphere of reference of the service of institutions of the Ministry of Defence of the Russian Federation providing remote radio navigation support.

The Decision specifies the limiting number of employees of the central office and territorial bodies of the Federal Aeronavigation Service, endorses the labour remuneration fund for the mentioned employees, regulates the issues of financing of expenses for their maintenance. Employees of the Federal Aeronavigation Service fulfilling control and enforcement functions shall enjoy the rights and authority specified in the legislation for the federal state servants of the state inspection bodies of civil aviation and inspection services of the federal body of executive power in the sphere of defence.

Order of the Ministry of Internal Affairs of the Russian Federation, Ministry of Foreign Affairs of the Russian Federation, Federal Security Service of the Russian Federation, Ministry of Economic Development of the Russian Federation and the Ministry of Information Technologies and Communication of the Russian Federation No. 148/2562/98/62/25 of March 10, 2006 on the Keeping and Use of the Central Databank to Register Foreign Citizens and Stateless Persons Arriving Temporarily and Living Temporarily or Permanently in the Russian Federation

On the basis of the Federal Migration Service of Russia, creates a central databank to register foreign citizens and stateless persons arriving temporarily and living temporarily and permanently in the Russian Federation, which is an integral part of the federal interagency information system of control of migration in the Russian Federation.

Works out a procedure for keeping the databank, providing access to information and providing it to the bodies of local government and organisations other than databank users, as well as natural persons.

Information exchange with the central database of registration of foreign citizens and stateless persons shall be arranged within their sphere of reference by the Ministry of Internal Affairs, Federal Migration Service, Ministry of Foreign Affairs and the Federal Security Service of Russia using protected communication lines. Access to information will be provided at the federal and regional levels by way of requests transmitted for execution to the Federal Migration Service of Russia in the form of written requests drawn up in a free form on official letterheads, electronic media, by electronic mail, as well as by direct access over protected communication lines.

Information to the bodies of local government and organisations other than users, as well as natural persons, will be provided by the territorial bodies of the Federal Migration Service of Russia. Natural persons shall get information on them in full amount in affordable form. Restriction of access for citizens to information on them is permitted only on grounds envisaged in the federal laws.

Registered in the Ministry of Justice of the Russian Federation on March 31, 2006. Reg. No. 7652.

Direction of the Central Bank of Russia No. 1667-U of March 10, 2006 on the Amendment to the Direction of the Bank of Russia No. 1379-U of January 16, 2004 on the Assessment of the Bank's Financial Stability to Recognise It Sufficient for Participation in the Deposit Insurance System

Amends the procedure of calculation of the assets profitability figure (PD1) used among other figures specified in the Direction of the Bank of Russia No. 1379-U of January 16, 2004 for the determination of the bank's financial stability to recognise it sufficient for participation in the deposit insurance system.

To assess the figures of the group of figures of assessment of profitability, the Committee of Bank Enforcement of the Bank of Russia, on the basis of the request of the territorial institution of the Bank of Russia prepared after examination of the appropriate appeal of the bank, may take the decision to determine the financial result of the bank without taking account of: expenses (losses) stipulated by business development; expenses (losses) having become the reasons (one of the reasons) of the measures of financial rehabilitation of the bank.

To calculate the financial result of the bank, the losses of the previous year are reduced by the amount of monetary resources allocated to cover it at the decision of the general annual meeting of founders (participants) of the bank.

The Direction is entered into force 10 days after the day of its official publication in the Herald of the Bank of Russia.

Registered in the Ministry of Justice of the Russian Federation on March 31, 2006. Reg. No. 7648.

Order of the Ministry of Economic Development of the Russian Federation No. 64 of March 10, 2006 on the Endorsement of the Typical Forms of Agreements on the Industrial Production and Technical Innovation Activities on the Territory of the Special Economic Zones

In the framework of implementation of the provisions of the Federal Law No. 116-FZ of July 22, 2005 on the special economic zones in the Russian Federation, endorses: the typical form of the agreement on the industrial production activities on the territory of the special economic zones and the typical form of the agreement on the technical innovation activities on the territory of the special economic zones.

According to the endorsed typical forms, one of the parties under each of the mentioned agreements must be the Federal Agency of Management of Special Economic Zones. The other party shall be referred to as the Resident in the agreement.

According to the typical forms, the Resident engaged in industrial production or technical innovation activities on the territory of the special economic zone is prohibited to have branches and representations outside this zone. Besides, he may not delegate his rights and duties stipulated by the agreement.

The forms of the agreements emphasise especially that if the Resident looses his status, and the agreement is terminated for reasons specified in the legislation of the Russian Federation, the contracts of lease for the land plot and immovable property within the limits of the territory of the special economic zone concluded by the Resident are terminated. In this case, expenses suffered by the Resident because of execution of the agreement are not reimbursed.

Registered in the Ministry of Justice of the Russian Federation on March 27, 2006. Reg. No. 7636.

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