Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 16.08.2006

Decision of the Government of the Russian Federation No. 488 of August 13, 2006 on Endorsing the Rates of Import Customs Duties on Partially-Processed Fats and Oils, and on Margarine Products and Spreads

The effective term of the import customs duty rate (20% of customs value but in any case not below 0.2 euro per kilogram) for partially-processed fats and oils, and for margarine products and spreads introduced by Decision of the Government of the Russian Federation No. 599 of October 6, 2005 as nine months (from November 11, 2005 through August 10, 2006) has been extended sine die. The Decision enters into force upon the expiry of one month after its official publication.

Decision of the Government of the Russian Federation No. 487 of August 13, 2006 on Endorsing the Rate of Import Customs Duty on Non-Roasted Coffee

Zero import customs duty rate is established on a permanent basis for non-roasted coffee (the following codes according to the CC FEA of Russia: 0901 11 000 1, 0901 11 000 2, 0901 11 000 9, 0901 12 000 1, 0901 12 000 2, 0901 12 000 9).The said rate has been earlier confirmed for a nine-month term (from January 31 through October 30, 2006) by Decision of the Government of the Russian Federation No. 814 of December 28, 2005. The Decision enters into force as of October 31, 2006.

Decision of the Government of the Russian Federation No. 486 of August 13, 2006 on Endorsing the Rate of Import Customs Duty on Uncrushed or Crushed, Raw or Roasted Cacao

Zero import customs duty rate is established on a permanent basis for uncrushed or crushed, raw or roasted cacao (code 1801 00 000 0 according to the CC FEA of Russia). This rate has been earlier confirmed for a nine-month term (from January 22 through October 21, 2006) by Decision of the Government of the Russian Federation No. 771 of December 17, 2005.The Decision enters into force as of October 22, 2006.

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