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 14.03.2007

Budget Message to the Federal Assembly of the Russian Federation on the Budget Policy in 2008-2010 of March 9, 2007

Defines the main guidelines and directions of the budget strategy for the years 2008-2010.

Decision of the Government of the Russian Federation No. 156 of March 12, 2007 on the Cost of Insurance Year in 2007

The cost of insurance year in 2007 is fixed in the amount of Rbl 1,848.

Decision of the Government of the Russian Federation No. 152 of March 10, 2007 on the Federal Body of Executive Power in Charge of the State Regulation in the Sphere of Shared Construction of Apartment Houses and/or Other Objects of Immovable Property

The federal body of executive power in charge of the state regulation in the sphere of shared construction of apartment houses and/or other objects of immovable property is the Federal Service for Financial Markets.

Decision of the Government of the Russian Federation No. 147 of March 10, 2007 on the Endorsement of the Regulation on the Use of Official Internet Sites to Place Information on the Orders for Supplies of Commodities, Carrying out Works, Rendering Services for the State and Municipal Needs and on the Requirements to the Technological, Software, Linguistic, Legal and Organisational Means of Use of the Mentioned Sites

Official sites will be used to place on the obligatory basis information envisaged in the Federal Law on the placing of orders for supplies of commodities, carrying out works, rendering services for the state and municipal needs, information on the authorised body, as well as the requirements to the forms of submission and placing of information and the protocols of exchange of electronic messages for submission of information to be placed on the official site.

Order of the Ministry of Justice of the Russian Federation No. 29 of February 14, 2007 on the Endorsement of the Instruction on the Particulars of Entry of Records in the Joint State Register of the Rights for Immovable Property and Transactions with It at the State Registration of Rights for the Objects of Immovable Property Being Common Property in an Apartment House, Providing Information on the Registered Rights of the Common Shared Property for Such Objects of Immovable Property

The Instruction specifies the particulars of the state registration of the rights for the objects of immovable property being common property in an apartment house (objects of immovable property), as well as the particulars of keeping of files of documents of title and providing of information on the registered rights for the common shared property for such objects of immovable property.
      Invalidates the Instruction on the procedure of the state registration of rights for immovable property and transactions with it in condominiums.
      Registered in the Ministry of Justice of the Russian Federation on March 6, 2007. Reg. No. 9069.

Order of the Ministry of Public Health and Social Development of the Russian Federation No. 37 of January 17, 2007 on the Endorsement of the Regulation on the Ministry of Public Health and Social Development of the Russian Federation

Endorses the Regulation specifying general rules of organisation of activities of the Ministry of Public Health and Social Development of Russia.
      Registered in the Ministry of Justice of the Russian Federation on March 6, 2007. Reg. No. 9030.

Information Letter of the Central Bank of Russia No. 35 of February 28, 2007 "Summary of the Practice of Application of the Federal Law on Currency Regulation and Currency Control and the Normative Acts of the Bank of Russia Adopted in Pursuance of It"

Information on the payments for commodities handed over to a non-resident (received from a non-resident) on the territory of the Russian Federation and the invoice cost of these commodities is not registered in the bank control sheet. For the payments under a foreign trade contract, the payments pertaining to VAT paid by the resident are not registered in Section II "Information on Payments" of the bank control sheet. Availability of a short name with the bank of the transaction certificate may not server as grounds to redraw the transaction certificate by residents.
      When carrying out currency operations that required special bank accounts earlier in compliance with the normative acts of the Russian Federation through the bank accounts of the bank clients not being special accounts, the certificate of currency operations of the payment document should indicate the codes of the type of the currency operation proceeding from the nature of the carried out currency operations regardless of availability of the appropriate sign in the list of currency operations of clients of authorised banks provided in Appendix 2 to Instruction 117-I.

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