Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 15.03.2007

Federal Law No. 34-FZ of March 13, 2007 on the Amendments to Article 11 of the Federal Law on the Insurance of Deposits of Natural Persons in the Banks of the Russian Federation and Article 6 of the Federal Law on the Payments of the Bank of Russia Pertaining to Deposits of Natural Persons in the Banks Recognised Bankrupt That Fail to Participate in the System of Obligatory Insurance of Deposits of Natural Persons in the Banks of the Russian Federation

In view of the growth of the number of large deposits of natural persons, the amount of the aggregate insurance reimbursement pertaining to bank deposits of citizens is increased from Rbl 190,000 to Rbl 400,000. The mentioned increase pertains to the deposits in the banks participating in the system of obligatory insurance of deposits of natural persons and the deposits in the banks failing to form part of this system.

Decision of the Government of the Russian Federation No. 150 of March 10, 2007 on the Procedure to Pay out Compensations of Transportation Expenses to Participants of the State Program of Assistance of Voluntary Resettlement to the Russian Federation of Compatriots Living Abroad

Expenses subject to compensation include travel and transportation of personal belongings of the participant of the program and members of his family, as well as appropriate customs payments and taxes.
      The Decision is entered into force from the date of official publication and applies to legal relations emerging from January 1, 2007.

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