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 22.06.2006

Decision of the Government of the Russian Federation No. 384 of June 20, 2006 on the Endorsement of the Rules of Determination of the Boundaries of Protected Objects and Coordination of the City Planning Regulations for Such Zones

Specifies the procedure of determination of the boundaries of protected objects as one of the types of zones with special conditions of use of territories and coordination of city planning regulations for such zones. The goals of identification of the zones of protected objects is ensuring security of such objects.

According to the endorsed Rules, the size of the zone of protected objects and its boundaries are determined taking into account the size of the land plot housing protected objects, available construction on the land plot and around it, terrain relief, as well as other conditions affecting the security of protected objects. The distance from the boundaries of the land plot housing protected objects to the boundaries of the mentioned zone must not be greater than 1 km.

Direction of the Central Bank of Russia No. 1684-U of May 18, 2006 on the Amendment to the Direction of the Bank of Russia No. 1482-U of July 28, 2004 on the List of Securities Forming the Lombard List of the Bank of Russia

The Lombard List of securities of the Bank of Russia accepted as a collateral for the credits provided to credit organisations by the Central Bank of Russia is extended to include the bonds of the internal state currency loan of 1993 and 1996 issued in pursuance of the Decisions of the Government of the Russian Federation No. 222 of March 15, 1993 and No. 229 of March 4, 1996.

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 June 20, 2006. Reg. No. 7944.

Order of the Ministry of Finance of the Russian Federation No. 76n of May 11, 2006 on the Procedure of Submission of Information on Insurance Brokerage Activities

Endorses the form "Information on Insurance Brokerage Activities during the Year" (Form 1-broker).

Insurance brokers having obtained the license for insurance brokerage activities must submit information according to the given form to the Federal Service of Insurance Enforcement on the annual basis no later than February 1 of the year following the reported one on paper and in the electronic form in compliance with the structure of files specified by the Ministry of Finance of Russia.

The Order is entered into force beginning with the information on insurance brokerage activities for the year 2006.

Registered in the Ministry of Justice of the Russian Federation on June 20, 2006. Reg. No. 7943.

Order of the Ministry of Finance of the Russian Federation No. 80n of May 17, 2006 on the Endorsement of the Blank Form of Strict Accountability "Slip of Received Insurance Premium (Contribution)"

According to the available legislation, organisations and independent entrepreneurs can make monetary payments in cash and/or payments using pay cards without cash registers when rendering services to the population if they hand out appropriate blank forms of strict accountability similar to cash slips. The forms are endorsed by the Ministry of Finance of Russia to appeals of interested bodies of state power, Bank of Russia and organisations uniting the subjects of entrepreneurial activities engaged in a certain sphere of services.

In this connection, the Ministry of Finance of the Russian Federation endorses the blank form of strict accountability to be used when rendering insurance services to the population - "Slip of Received Insurance Premium (Contribution)".

Registered in the Ministry of Justice of the Russian Federation on June 20, 2006. Reg. No. 7942.

Information Letter of the Presidium of the Higher Arbitration Court of the Russian Federation No. 110 of May 30, 2006 on the Determination of the Country of Origin of Commodities Imported from the Participating States of the Agreement on the Creation of the Free Trade Zone

The Presidium of the Higher Arbitration Court of the Russian Federation explained some controversial issues emerging with the courts in the determination of the country of origin of commodities imported from the participating states of the Agreement on the creation of the free trade zone.

The country of origin of the commodity is considered to be the member-state of the Agreement where the commodity was produced completely or processed enough. Even when the commodity heading of the initial and produced commodity is different by one of the first four digits according to the Foreign Trade Commodity Nomenclature, but the produced commodity is obtained as a result of operations indicated in Item 5 of the Rules of determination of the country of origin of commodities endorsed by the Decision of the Council of the Heads of Governments of the CIS States of November 30, 2000, produced commodity does not meet the enough processing criteria.

The commodity is not considered to be originating in the given country until the documents and/or information confirming its origin are not present. The customs body of the country of import may take into account other information and documents available at its disposal to eliminate emerging doubts. If the available documents show that the country of origin of the commodity is defined in the certificate using other than specified requirements, tariff preferences may apply only if it is found that the country of origin is a member-state of the Agreement.

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