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 21.02.2007

Decision of the Government of the Russian Federation No. 96 of February 17, 2007 on the Amendments to Some of the Acts of the Government of the Russian Federation on the Alternative Civil Service

Differentiates the duration of alternative civil service for citizens called up before January 1, 2007, in the period from January 1, 2007 to December 31, 2007 inclusive and from January 1, 2008.

Letter of the Ministry of Finance of the Russian Federation No. 03-11-02/35 of February 5, 2007

Budget-supported institutions may not apply the simplified system of taxation according to Subitem 17 of Item 3 of Article 346.2 of the Tax Code. The norm applies to all budget-supported institutions.

Letter of the Ministry of Finance of the Russian Federation No. 03-07-15/02 of January 11, 2007

The taxpayer must keep separate records for the amounts of the value added tax for the purchased commodities (works, services) used in operations both subject to this tax and exempted from it.

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