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 23.10.2006

Federal Law No. 164-FZ of October 19, 2006 on the Amendment to Article 1 of the Convention on Prohibitions or Restrictions on the Use of Certain Conventional Weapons Which May Be Deemed to Be Excessively Injurious or to Have Indiscriminate Effects



The amendment to the Convention on prohibitions or restrictions on the use of certain conventional weapons which may be deemed to be excessively injurious or to have indiscriminate effects has been adopted at the conference on the Convention effect on December 21, 2001 in Geneva.

The mentioned amendment worked out with an active participation of Russia envisages application of the Convention and the Protocols attached to it to internal armed conflicts (that do not include violations of internal order and internal tensions, such as disorders, individual acts of violence and other acts of similar nature).

The amendment will permit to enhance significantly the Convention and the Protocols to it having adapted them to present-day conditions taking into account the growing significance of the problems of application of “inhuman” weapons.

Participants of the Convention include 94 states, 37 of which expressed agreement to join the amendment.

The amendment does not specify any other rules than are envisaged in the legislation of the Russian Federation, its execution does not require changing available or adoption of new federal laws.

Decision of the Government of the Russian Federation No. 616 of October 20, 2006 on the Amendment to the Rules of Determination of the Customs Cost of Commodities Exported from the Customs Territory of the Russian Federation Endorsed by the Decision of the Government of the Russian Federation No. 500 of August 13, 2006



According to the amendments, expenses not included (according to the common rule) in the customs cost that are separated from the price actually paid or due for payment and declared by the declaring party and confirmed with documents are included in the customs cost when declaring commodities moved across the customs border of the Russian Federation by pipelines or over electric lines.

According to the rules of determination of the customs cost of commodities exported from the Russian Federation, the mentioned expenses include: expenses of transportation for the purpose of export from the customs territory of the Russian Federation and expenses of subsequent transportation; duties, taxes and fees collected in the Russian Federation because of the export of commodities; duties, taxes and fees collected for assessed commodities in the country where these commodities are imported to.

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

Decision of the Government of the Russian Federation No. 615 of October 18, 2006 on the Endorsement of the Rules of Checking of Compliance of Activities of the Resident of the Special Economic Zone in the Kaliningrad Province with the Requirements of the Federal Law on the Special Economic Zone in the Kaliningrad Province and on the Amendments to Some of the Legislative Acts of the Russian Federation to Be Carried out by the Administration of the Special Economic Zone in the Kaliningrad Province Together with the Tax Body at the Place of Registration of the Resident for Taxation Purposes



The Federal Law on the special economic zone in the Kaliningrad Province and on the amendments to some of the legislative acts of the Russian Federation envisages carrying out of checks of compliance of activities of the residents of the special economic zone with the requirements of the actual legislation. The endorsed rules specify the procedure of carrying out of such check.

The checking is vested in the Administration of the Special Economic Zone in the Kaliningrad Province together with the tax body at the place of registration of the resident for taxation purposes. The checking is carried out after the resident fulfils the terms of the investment declaration, however, no later than two months after expiry of the first three years from the day of inclusion of the legal entity in the Joint Register of Residents of the Special Economic Zone in the Kaliningrad Province. The check may not be longer than fourteen working days.

The rules specify the rights and duties of those checking and those being checked, the procedure of drawing up of the act of the check.

If there are not facts of underpaid amounts of capital investments revealed as a result of the check, the Administration must hand out to the resident the certificate of fulfilling of the terms of the investment declaration. If the fact of reduction of the volume of capital investments is found or incompliance of activities of the resident with specified requirements, the Administration may demand to exclude the resident from the Register of Residents of the Special Economic Zone in the Kaliningrad Province.

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