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 18.07.2007

Decree of the President of the Russian Federation No. 848 of July 5, 2007 on the Preparation for and Carrying out of the XXII Winter Olympic Games and the XI Winter Paralympic Games of 2014 in the City of Sochi

The Government of the Russian Federation together with the Olympic Committee of Russia and the Paralympic Committee of Russia are ordered to implement the measures of preparation for the XXII Winter Olympic Games and the XI Winter Paralympic Games of 2014 in the city of Sochi.
      The Decree is entered into force from the day of its signing.

Decision of the Government of the Russian Federation No. 445 of July 14, 2007 on the Endorsement of the Rates of Export Customs Duties for Raw Oil and Individual Categories of Commodities of Oil Exported from the Territory of the Russian Federation outside the Member-States of the Customs Union Agreements

Increases the rates of the export customs duties for raw oil and individual categories of commodities of oil exported from the territory of the Russian Federation outside the member-states of the Customs Union agreements. The previous increase occurred on June 1, 2007.
      The Decision is entered into force from August 1, 2007.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-02-07/1-275 of June 5, 2007

Provides explanations on the issue of offsetting (return) of amounts of excessively paid tax.

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