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 21.09.2006

Decision of the Government of the Russian Federation No. 566 of September 16, 2006 on the Amendments to the Customs Tariff of the Russian Federation Pertaining to Auto Components Imported for Industrial Processing



Introduces amendments to the Foreign Trade Commodity Nomenclature of the Russian Federation that include in the subheadings materials and component parts for motor vehicle assembly.

Endorses for 9 months the interim rates of import customs duties for auto components imported for industrial assembly of tractors, trucks, special vehicles, warehouse automotive equipment. The zero rates are introduced for individual commodities. For the main variety of imported component parts included in the Foreign Trade Commodity Nomenclature, the rates of 5%, 10% and 15% of the customs cost apply.

The Decision is entered into force two months after the day of its official publication.

Order of the Ministry of Finance of the Russian Federation No. 108n of August 25, 2006 on the Endorsement of the Forms of Notifications of the Maximum Retail Prices for Tobacco Items



In pursuance of the Federal Law No. 134-FZ of July 26, 2006, from July 1, 2007, each box (package) of cigarettes must show the maximum retail price they may be sold at to consumers. Without the given information, the sale of cigarettes (including the imported ones) on the territory of the Russian Federation will be prohibited.

The maximum retail price shall be specified by the taxpayer independently per unit of consumer package of tobacco items separately for each name.

From December 15, 2006, the taxpayers must submit to the tax body at the place of registration (customs body at the place of registration of excisable commodities) a notification of the maximum retail prices no later than 10 calendar days ahead of the calendar month wherefrom the maximum retail prices mentioned in the notification will be applied.

The Order endorses the forms of the notifications of the maximum retail prices for tobacco items (produced in the Russian Federation, as well as imported to the customs territory of the Russian Federation).

The forms of the notifications shall apply from December 15, 2006.

Registered in the Ministry of Justice of the Russian Federation on September 15, 2006. Reg. No. 8292.

Order of the Federal Tax Service No. MM-3-07/534@ of August 17, 2006 on the Endorsement of the Form of the Ledger of Registration of the Volumes of Production and Circulation (Except for the Retail Sale) and/or Use for Own Needs of Ethyl Alcohol, Alcoholic and Alcohol-Containing Products and Its Filling Procedure



To implement the state control over production and circulation of ethyl alcohol, alcoholic and alcohol-containing products, specifies the form of the ledger of registration of the volumes of production and circulation (except for the retail sale) and/or use for own needs of ethyl alcohol, alcoholic and alcohol-containing products and endorses the procedure of filling of the mentioned ledger.

The ledger is necessary for organisations engaged in production and/or wholesale circulation of ethyl alcohol, alcoholic and alcohol-containing edible products, as well as alcohol-containing non-edible products with the content of ethyl alcohol greater than 40% of the volume of the finished product and applying automatic means of measurement and registration of concentration and volume of anhydrous alcohol in the finished products, as well as the volume of the finished products.

The ledger is filled out using the software of the Joint State Automatic Information System of registration of the volume of production and circulation of ethyl alcohol, alcoholic and alcohol-containing products.

The ledger is filled out by the person in charge of material values of the organisation and is preserved for at least 5 years.

Information recorded in the ledger is used by the organisation to fill out the declarations of the volume of production, circulation and use of ethyl alcohol, alcoholic and alcohol-containing products submitted to the tax bodies.

Registered in the Ministry of Justice of the Russian Federation on September 15, 2006. Reg. No. 8293.

Order of the Ministry of Economic Development of the Russian Federation No. 222 of August 12, 2006 on the Endorsement of the Methodology Directions on the Determination of the Cadastral Cost of the Newly Formed Land Plots and Existing Land Plots in Cases of Change of the Category of Lands, Type of Permitted Use or Refinement of the Area of the Land Plot



Specifies the procedure of determination of the cadastral cost of the newly formed land plots and existing land plots in cases of change of the category of lands, type of permitted use or refinement of the area of the land plot. The procedure of determination of the cadastral cost is differentiated depending on the category (agricultural lands, lands of the specially guarded territories and objects, lands of the water fund) and the group of the land plots.

The cadastral cost is not changed in the cases of change of the type of permitted use of the land plot forming part of the lands of residential settlements within one group and the land plot forming part of the lands of the forestry fund.

In cases of change of the area of the land plot when its borders are adjusted, the cadastral cost is changed in proportion to the change of the area of the land plot.

The cadastral cost is determined by the land cadastral chamber in the appropriate subject of the Russian Federation for the purposes of calculation of the land tax. The results of the determination of the cadastral cost of the land plots are recorded in the appropriate act of determination of the cadastral cost of land plots (the form of the act provided in the appendix) to be certified by the official of the department of the Federal Agency of Cadastre of Objects of Immovable Property in the appropriate subject of the Russian Federation in charge of the keeping of cadastral records.

Registered in the Ministry of Justice of the Russian Federation on September 15, 2006. Reg. No. 8297.

Order of the Federal Service for Financial Markets No. 06-87/pz-n of August 8, 2006 on the Endorsement of the Regulation on the Accreditation of Organisations Certifying Specialists of the Financial Market



Defines the terms and procedure of accreditation of organisations certifying citizens in the sphere of professional activities at the securities market and the sphere of activities of management companies of investment funds, shared investment funds and non-state pension funds and specialised depositaries of investment funds, shared investment funds and non-state pension funds stating that certification may be carried out by educational institutions providing studies in the sphere of the securities market, as well as self-regulating organisations of professional participants of the securities market and management companies of investment funds, shared investment funds and non-state pension funds.

According to accreditation terms, the candidate must be a legal entity, have a certification commission (at least 5 members), software support permitting to generate examination tests in compliance with the programs of qualification examinations for the specialists of the financial market endorsed by the Federal Service for Financial Markets, documents regulating the work of the certification commission and the qualification examinations.

In addition to the mentioned conditions, the educational institution, to get the accreditation, must be engaged in educational activities for at least 5 years and train at least 200 specialists (bachelors, masters) in specialities: "Securities", "Securities Market", “Stock Exchange Markets" or "Financial Markets" included in specialities of higher professional education "Finances and Credit" or train at least 3,000 persons within 3 years to pass the qualification examinations of the Federal Service for Financial Markets or the Federal Commission for the Securities Market.

To get the accreditation, a questionnaire is submitted to the Federal Service for Financial Markets drawn up to the endorsed form, copies of constituent documents, licenses for the right of educational activities or permissions for activities of a self-regulating organisation, the list of the members of the certification commission and a copy of the document defining the procedure of its work, regulation in two copies.

The decision on the accreditation or refusal of accreditation shall be taken by the Federal Service for Financial Markets within 15 working days from the date of receiving of the full set of the mentioned documents.

The accreditation is provided for the period of 3 years, which may be prolonged on condition of candidate compliance with accreditation requirements, issue of at least 500 certificates of specialists of the financial market within 3 years preceding the submission of documents to prolong the accreditation. The documents to prolong the accreditation shall be submitted by the candidate no sooner than 60 working days ahead of the expiry of the period of accreditation.

Registered in the Ministry of Justice of the Russian Federation on September 15, 2006. Reg. No. 8298.

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