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 22.05.2006

Decision of the Government of the Russian Federation No. 295 of May 18, 2006 on the Interim Rates of Import Customs Duties for Natural Uranium and Uranium-235 Depleted Uranium

Endorses for 9 months the zero rates of the import customs duties for natural uranium and uranium-235 depleted uranium. Earlier, the rate of the import customs duty for the mentioned products of inorganic chemistry amounted to 5%.

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

Decision of the Government of the Russian Federation No. 294 of May 18, 2006 on the Interim Rates of Import Customs Duties for Individual Types of Rolled Items of Non-Ferrous Metals

Introduces for 9 months the rates of the import customs duties in the amount of 0% of the customs cost for individual types of rolled stock of non-ferrous metals available in the Foreign Trade Commodity Nomenclature of the Russian Federation (codes 7208 51 300 0; 7208 51 500 0; 7225 40 200 0).

Earlier, these rates amounted to 5% of the customs cost.

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

Decision of the Government of the Russian Federation No. 293 of May 18, 2006 on the Endorsement of the Rate of the Export Customs Duty for Raw Oil and Raw Oil Products from Bituminous Materials Exported from the Territory of the Russian Federation outside the Member-States of the Customs Union Agreements

From June 1, 2006, the rate of the export customs duty for raw oil and raw oil products from bituminous materials (code according to the Foreign Trade Commodity Nomenclature of Russia 2709 00) exported from the territory of the Russian Federation outside the member-states of the Customs Union Agreements is fixed in the amount of USD 199.8 per 1,000 kg. The earlier available rate amounted to USD 186.4 per ton.

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

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