Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 5.12.2006

Federal Law No. 199-FZ of December 1, 2006 on the Court Proceedings Pertaining to Major Disciplinary Offences in Cases of Disciplinary Arrest of Servicemen and on Execution of the Disciplinary Arrest

Specifies the procedure of application to servicemen and citizens called up to the training exercises of the disciplinary action on the basis of the court ruling. Defines the procedure of examination by the judge of the garrison military court of materials on the major disciplinary offence and taking appropriate decisions. Also provides a procedure of appealing against the court ruling, as well as the procedure of processing of appeals and decision taking by the district (fleet) military judge.

Regulates the procedure of entry into force of the court ruling after processing the case of the major disciplinary offence and its execution.

The Federal Law is entered into force from January 1, 2007.

Order of the Federal Tax Service No. SAE-3-10/776@ of November 9, 2006 on the Endorsement of the Procedure for Conveying to Taxpayers, Payers of Fees and Tax Agents of Information on the Change of the Details of Appropriate Accounts of the Federal Treasury and Other Information Necessary for the Filling out of Orders to Transfer Taxes, Fees, Penalties and Fines to the Budget System of the Russian Federation

After getting from the department of the Federal Treasury in the subject of the Russian Federation information on the change of account details, the department of the Federal Tax Service of Russia in the subject of the Russian Federation shall send within five days to the subordinate tax bodies the mentioned information according to the form provided in the Order, as well as place the given information and other information necessary for the filling out of orders to transfer taxes, fees, penalties and fines to the budget of the Russian Federation on the official Internet site of the department of the Federal Tax Service of Russia in the subject of the Russian Federation.

The subordinate territorial tax bodies shall send within seven working days after receiving of the mentioned information to taxpayers (by mail with a notification of receiving) the given information, as well as inform them through the mass media.

The Order is entered into force from January 1, 2007.

Registered in the Ministry of Justice of the Russian Federation on December 4, 2006. Reg. No. 8556.

Order of the Federal Service for Financial Markets No. 06-126/pz-n of November 2, 2006 on the Amendments to the Regulation on the Activities of Organisation of Trade at the Securities Market Endorsed by the Order of the Federal Service for Financial Markets No. 06-68/pz-n of June 22, 2006

The amendments specify two cases when the trade organiser must suspend transactions with securities at 18 hours local time. This duty is stipulated by the need to provide to each trade participant the register of transactions concluded through the trade organiser until 18 hours of the current trade day, as well as the need of the clearing organisation to provide reports of the results of clearing of appropriate transactions concluded through the trade organiser.

Significant changes are introduced in the procedure and time limits of disclosing of information on the settlement price for each security in ex-pit transactions. These changes are entered into force from July 7, 2007.

The Order is entered into force from January 1, 2007.

Registered in the Ministry of Justice of the Russian Federation on December 1, 2006. Reg. No. 8550.

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