Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 7.03.2007

Decision of the Government of the Russian Federation No. 142 of March 3, 2007 on the Amendment to the Regulation on the Application of Uniform Rates of Customs Duties, Taxes for Commodities Moved Across the Customs Border of the Russian Federation by Natural Persons for Personal Use Endorsed by the Decision of the Government of the Russian Federation No. 718 of November 29, 2003

During the period of the State Program of Assistance of Voluntary Resettlement to the Russian Federation of Compatriots Living Abroad, customs duties, taxes and fees are not collected for the import of commodities (including cars) by its participants purchased earlier when entering the territory of the Russian Federation.
      The Decision is entered into force from the day of its official publication and applies to legal relations emerging from January 1, 2007.

Decision of the Government of the Russian Federation No. 132 of March 3, 2007 on the Amendments to the Decision of the Government of the Russian Federation No. 398 of June 29, 2006

Abandons special requirements to the procedure of re-labelling of alcoholic products imported to the customs territory of the Russian Federation until March 31, 2006 inclusive and labelled with excise duty stamps issued until December 31, 2005 inclusive.
      The Decision is entered into force from the day of its official publication.

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