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 31.05.2006

Decision of the Government of the Russian Federation No. 325 of May 29, 2006 on the Interim Rates of Import Customs Duties for Electrodes

Reduces from 15% to 5% of the customs cost the rates of the import customs duties for electrodes for electrolysis plants (code according to the Foreign Trade Commodity Nomenclature of the Russian Federation 8545 19 100 0) and other electrodes (code according to the Foreign Trade Commodity Nomenclature of the Russian Federation 8545 19 900 0). The new rates shall preserve for 9 months.

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

Decision of the Government of the Russian Federation No. 319 of May 27, 2006 on the Endorsement of the Typical Concession Agreement Pertaining to Motorways and Engineering Structures of the Transport Infrastructure, Including the Bridges, Viaducts, Tunnels, Parkings, Points of Transfer of Motor Vehicles, Points of Collection of Fees from Owners of Trucks

According to the typical agreement, the concessionary is obliged to create/create and reconstruct/reconstruct at own expense certain immovable property where the proprietary right belongs (or will belong) to the concedent and operate public-use motorways, bridges, tunnels, viaducts, parkings for motor vehicles, points of transfer of motor vehicles, points of collection of fees from owners of trucks using the object of the agreement, with the concedent being obliged to grant to the concessionary for a certain period of time the right of possession and use of this object.

Decision of the Government of the Russian Federation No. 316 of May 27, 2006 on the Endorsement of the Rules of Granting Subsidies in 2006 from the Federal Budget to the Budgets of the Subjects of the Russian Federation to Implement the Authority of the Bodies of State Power of the Subjects of the Russian Federation to Prepare for the All-Russia Agricultural Census

Defines the procedure of granting subsidies in 2006 from the Federal Fund of Compensations to the budgets of the subjects of the Russian Federation to implement the authority of the bodies of state power of the subjects of the Russian Federation to prepare for the All-Russia Agricultural Census in compliance with the Federal Law on the All-Russia Agricultural Census.

The subventions are provided within the limits of budget obligations envisaged in the summary budget list of the federal budget for the Federal Service of State Statistics. The transfer of subventions shall be arranged by the Federal Service of State Statistics on the basis of reports of implementation of the authority pertaining to the mentioned census submitted by the body of state power of the subject of the Russian Federation in charge of the preparation of the All-Russia Agricultural Census to the Federal Service, including the reports of spending of subventions. The given reports shall be submitted to the territorial body of the Federal Service of State Statistics for coordination.

Accounting work for operations pertaining to the use of subventions shall be arranged on the personal accounts of recipients of resources of the budgets of the subjects of the Russian Federation opened in the territorial bodies of the Federal Treasury.

Control over the use of subventions by the subjects of the Russian Federation shall be vested in the Federal Service of Financial and Budget Enforcement.

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

Decision of the Government of the Russian Federation No. 313 of May 27, 2006 on the Endorsement of the Rules of Repair of Private Dwelling Homes Owned by Family Members of Servicemen Having Lost the Bread-Winner

The rules define the norm of the total dwelling space of private dwelling homes owned by family members of servicemen having lost the bread-winner that must be repaired at the expense of the federal budget by paying out appropriate resources to citizens, procedure of calculation of the amount of such resources and relations between citizens and the authorised bodies in the sphere of social protection of population. The rules do not apply to citizens living in the homes of state and municipal dwelling funds, as well as in the dwelling space owned by citizens in apartment houses.

Family members shall take the decision to repair the dwelling space on the voluntary basis and may implement their right for the repair at the expense of the federal budget once in 10 years.

Decision of the Government of the Russian Federation No. 310 of May 26, 2006 on the Alienation of Animals and Removal of Products of Animal Breeding When Eliminating the Foci of Specially Hazardous Animal Diseases

The endorsed rules are aimed at prevention of dissemination of infecting agents of animal diseases and protection of population against diseases common for the human being and animals. The list of diseases permitting to alienate animals and remove products of animal breeding shall be defined by the Ministry of Agriculture of Russia. The Decision specifies the procedure of decision taking to alienate animals and remove products of animal breeding, reimbursement of damage incurred through withdrawal (alienation) on citizens and legal entities is envisaged. The amount of damage due for reimbursement shall be defined by the subject of the Russian Federation on the basis of state regulated prices or, if such are not available, on the basis of the market cost of withdrawn property.

Direction of the Central Bank of Russia No. 1685-U of May 22, 2006 on the Adjustment of the Acts of the Bank of Russia

Pursuant to the adoption of the Instruction of the Bank of Russia No. 129-I of April 26, 2006, invalidates individual documents pertaining to bank operations and other transactions carried out by clearing non-bank credit organisations, their obligatory normatives and particulars of control over such organisations carried out by the Bank of Russia.

The Direction is entered into force from October 1, 2006.

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