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 30.03.2007

Decision of the Constitutional Court of the Russian Federation No. 4-P of March 22, 2007 on the Case of Constitutionality of the Provision of Part 1 of Article 15 of the Federal Law on the Budget of the Social Insurance Fund of the Russian Federation for the Year 2002 Pursuant to the Appeal of Citizen T.A.Banykina

The Constitutional Court of the Russian Federation recognised as unconstitutional the norm on the maximum amount of the maternity allowance, the amount making at present Rbl 16,125.

Decision of the Government of the Russian Federation No. 185 of March 27, 2007 on the Amendments to the Rules of Sale of Individual Types of Commodities

Amends the rules of sale of individual types of commodities endorsed by the Decision of the Government of the Russian Federation No. 55 of January 19, 1998. According to the amendments, the prohibition of retail trade through vending stands and kiosks applies not only to audio and video pieces, phonograms, but also to copies of computer programs and databases.

Decision of the Government of the Russian Federation No. 183 of March 27, 2007 on the Endorsement of the Coefficient of Indexing of the Estimated Pension Capital of the Insured

From April 1, 2007, the coefficient of indexing of the estimated pension capital of the insured as of January 1, 2006 is fixed in the amount of 1.16.
      The Decision is entered into force from April 1, 2007.

Decision of the Government of the Russian Federation No. 181 of March 27, 2007 on the Endorsement of the Coefficient of Indexing from April 1, 2007 of the Basic Part of the Labour Pension and the Coefficient of Additional Increase from April 1, 2007 of the Amount of the Insured Part of the Labour Pension

From April 1, 2007, the coefficient of indexing of the basic part of the labour pension is fixed in the amount of 1.075 (the previous coefficient fixed as of April 1, 2006 amounted to 1.085).
      The coefficient of additional increase of the amount of the insured part of the labour pension makes 1.092 (in the previous year, 1.063 respectively).
      The Decision is entered into force from April 1, 2007.

Decision of the Government of the Russian Federation No. 176 of March 24, 2007 on the Labour Remuneration for the Employees of the Federal State Bodies Occupying Positions Not Being the Ones of the Federal State Civil Service

Decree of the President of the Russian Federation No. 763 of July 25, 2006 introduced new amounts of monthly salaries and the monthly monetary incentives for all categories of the federal state civil servants, as well as the salaries for the class grade used from January 1, 2006. In this connection, the Government of the Russian Federation is ordered to adjust the labour remuneration of employees occupying positions not being the ones of the federal state civil servants.
      The Decision is entered into force from the date of official publication and applies to legal relations emerging from January 1, 2007.

Direction of the Central Bank of Russia No. 1803-U of March 26, 2007 on the Amendments to the Direction of the Bank of Russia No. 1376-U of January 16, 2004 on the List, Forms and Procedure of Drawing up and Submission of the Forms of Reports of Credit Organisations to the Central Bank of the Russian Federation

Amends 7 forms of reports (0409051, 0409052, 0409135, 0409345, 0409401, 0409652 and 0409904) and 12 procedures of drawing up and submission of reports (0409115, 0409135, 0409153, 0409301, 0409345, 0409401, 0409601, 0409664, 0409665, 0409806, 0409807 and the General Procedure of Filling of the Forms of Reports 901, 902, 904, 906, 907, 908, 909).
      The Direction is entered into force from April 1, 2007.
      Registered in the Ministry of Justice of the Russian Federation on March 29, 2007. Reg. No. 9168.

Letter of the Federal Service of Labour and Employment No. 472-6-0 of March 1, 2007

Explains the issue of legality of paying out of employee earnings once a month.

Official Report of the State Corporation "Deposit Insurance Agency" of March 23, 2007

According to the actual legislation on the insurance of deposits of natural persons in the banks of the Russian Federation, the Board of Directors of the state corporation "Deposit Insurance Agency" is entitled to fix the rate of insurance contributions of banks to the Fund of Obligatory Insurance of Deposits. From July 1, 2007, the mentioned rate is fixed in the amount of 0.13 percent of the estimated base for the estimated period (calendar quarter of the year).

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