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 26.03.2007

Federal Law No. 38-FZ of March 23, 2007 on the Amendments to Article 217 of Part 2 of the Tax Code of the Russian Federation

According to the introduced amendments, an exemption of the incomes tax from natural persons applies to amounts obtained by taxpayers in the form of grants (gratuitous aid) provided to support science and education, culture and arts in the Russian Federation by Russian organisations. The list of such organisations will be endorsed by the Government of the Russian Federation.
      The Federal Law is entered into force from January 1, 2008, however, no sooner than one month after the day of its official publication.

Federal Law No. 37-FZ of March 23, 2007 on the Amendments to Articles 3 and 26 of the Federal Law on the Specially Protected Natural Territories and Article 26.3 of the Federal Law on the General Principles of Organisation of Legislative (Representative) and Executive Bodies of State Power of the Subjects of the Russian Federation

The adopted Law delimits the authority of the federal and regional bodies of state power in the sphere of organisation and functioning of the specially protected natural territories.

Decree of the President of the Russian Federation No. 372 of March 20, 2007 on the Amendments to the General Principles of Service Conduct of State Servants Endorsed by the Decree of the President of the Russian Federation No. 885 of August 12, 2002

Extends the list of general principles of service conduct of state servants endorsed by the Decree of the President of the Russian Federation No. 885 of August 12, 2002.

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