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 8.02.2007

Decision of the Government of the Russian Federation No. 75 of February 5, 2007 on the Amendments to the Decision of the Government of the Russian Federation No. 795 of December 23, 2006 Pertaining to Individual Types of Unprocessed Timber

Amends the Decision of the Government of the Russian Federation No. 795 of December 23, 2006 having endorsed the rates of the export customs duties for commodities exported from the territory of the Russian Federation outside the member-states of the Customs Union agreements. By 2011, the mentioned rates will increase several times.

Order of the Ministry of Finance of the Russian Federation No. 185n of December 29, 2006 on the Endorsement of the Form of the Declaration for the Tax on Extraction of Mineral Resources and Its Filling Procedure

Pursuant to the changing from January 1, 2007 of the procedure of submission of the tax declaration, procedure of determination of the taxable base, as well as calculation and payment of the tax on extraction of the mineral resources, appropriate corrections are introduced in the procedure of filling of the declaration for extraction of mineral resources.
      The Order is entered into force beginning with the tax declaration for January 2007.
      Registered in the Ministry of Justice of the Russian Federation on February 5, 2007. Reg. No. 8901.

Order of the Federal Service for Financial Markets No. 06-148/pz-n of December 14, 2006 on the Amendment to the Regulation on the Information Disclosed by Issuers of Emission Securities Endorsed by the Order of the Federal Service for Financial Markets of Russia No. 06-117/pz-n of October 10, 2006

Envisages opportunities of simultaneous registration of the prospectus of securities and the state registration of additional issue of securities. Specifies that prospectus of securities applies to all securities of such additional issue, as well as all securities of the issue where the additional issue pertains.
      Registered in the Ministry of Justice of the Russian Federation on February 5, 2007. Reg. No. 8897.

Order of the Ministry of Finance of the Russian Federation No. 176n of December 19, 2006 on the Amendments to the Order of the Ministry of Finance of the Russian Federation No. 7n of January 17, 2006 on the Endorsement of the Form of the Tax Declaration for the Cases of Simplified System of Taxation and Its Filling Procedure

Pursuant to the changing from January 1, 2007 of the procedure of submission of the tax declaration, appropriate corrections are introduced in the form of the tax declaration for the cases of simplified system of taxation and its filling procedure
      The Order is entered into force beginning with the tax declaration for the first reporting period of 2007.
      Registered in the Ministry of Justice of the Russian Federation on February 5, 2007. Reg. No. 8893.

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