Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 12.02.2007

Decision of the Government of the Russian Federation No. 85 of February 8, 2007 on the Seasonal Duties for Rice and Mill and Grain from It Imported to the Territory of the Russian Federation

Introduces seasonal duties for the import to the Russian Federation of rise and mills and grain from it (codes according to the Foreign Trade Commodity Nomenclature of Russia 1006, 1103 19 500 0, 1103 20 500 0, 1104 19 910 0, 1108 19 100 0) until May 31 and from October 1 to December 31, 2007. The rate of the import seasonal duty for the mentioned commodities will make EUR 0.12 per kg (at present, the rate of the import customs duty makes EUR 0.07 per kg).
      The Decision is entered into force one month after the day of its official publication.

Decision of the Government of the Russian Federation No. 84 of February 8, 2007 on the Endorsement of the Rate of the Export Customs Duty for Rape Seeds or Colza, Whether or Not Ground, Exported Outside the Member-States of the Customs Union Agreements

The rate of the export duty for rape seeds or colza, whether or not ground (code according to the Foreign Trade Commodity Nomenclature of Russia 1205), for the cases of export from the Russian Federation outside the member-states of the Customs Union agreements is fixed in the amount of 15% of the customs cost, however, not less than EUR 30 per 1,000 kg.
      The Decision is entered into force one month after the day of its official publication.

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