Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 28.09.2007

Decision of the Government of the Russian Federation No. 548 of August 30, 2007 on the Endorsement of the Requirements to Transport Vehicles of Operative Services Used for Emergency Protection of Life and Health of Citizens

Transport vehicles of the fire service, militia, emergency medical aid, rescue services and the military motor transport inspection used for emergency protection of life and health of citizens must have on their exterior special colouring, as well as special signalling devices, equipment necessary for the execution of their tasks.
      The Decision is entered into force from January 1, 2008.

Decision of the Government of the Russian Federation No. 545 of August 29, 2007 on the Amendments to the Rules of Working out and Endorsement of the Normatives of Generation of Waste and Limits of Its Disposal

The draft normatives and limits are being worked out on the basis of the methodology recommendations endorsed by the Federal Service of Ecological, Technological and Nuclear Enforcement, rather than the Ministry of Natural Resources of Russia, and submitted to the territorial bodies of the Federal Service of Ecological, Technological and Nuclear Enforcement (earlier, territorial bodies of the Ministry of Natural Resources of Russia).

Order of the Federal Service for Financial Markets No. 07-87/pz-n of August 9, 2007 on the Amendments to the Procedure of Licensing of the Types of Professional Activities at the Securities Market Endorsed by the Order of the Federal Service for Financial Markets No. 07-21/pz-n of March 6, 2007

Applicant wishing to get the license for professional activities at the securities market may submit the documents to one of the self-regulating organisations to get the solicitation of the self-regulating organisation. In the presence of the mentioned solicitation, the documents may be submitted to the licensing body by the self-regulating organisation.
      Registered in the Ministry of Justice of the Russian Federation on September 3, 2007. Reg. No. 10090.

Order of the Ministry of Agriculture of the Russian Federation No. 383 of August 3, 2007 on the Endorsement of the Rules of Organisation of Work of the Veterinary Stamping of Raw Materials of Leather and Fur

The veterinary stamping confirming the safety of skins applies to all kinds of domestic and wild fauna.
      Registered in the Ministry of Justice of the Russian Federation on August 31, 2007. Reg. No. 10083.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-04-05-01/268 of August 13, 2007

Incomes obtained by the natural person from the sale of securities purchased in exchange for the privatisation checks (vouchers) is subject to the incomes tax from natural persons on common grounds.

Decree of the President of the Russian Federation No. 1144 of September 2, 2007 on the Elections of the Deputies of the State Duma of the Federal Assembly of the Russian Federation of the New Convocation

Elections of the deputies of the State Duma of the Federal Assembly of the Russian Federation of the fifth convocation are assigned on December 2, 2007.
      The Decree is entered into force from the day of its official publication.

Decree of the President of the Russian Federation No. 1132 of September 1, 2007 on the Endorsement of the Regulation on the Military Commissariats

The military commissariats are territorial bodies of the Ministry of Defence of Russia in the subjects of the Russian Federation, municipal formations and form part of the military districts (Baltic Fleet).
      The Decree is entered into force from the day of its official publication.

Decision of the Government of the Russian Federation No. 556 of September 3, 2007 on the Amendments to the List of the Federal Bodies of Executive Power in Charge of Licensing

Pursuant to the changes in the legislation in the sphere of licensing of individual types of activities, adjusts the list of the federal bodies of executive power in charge of licensing.

Direction of the Central Bank of Russia No. 1882-U of August 31, 2007 on the Amendments to the Direction of the Bank of Russia No. 1601-U of August 5, 2005 on the Terms for the Bank of Russia to Grant Credits to Credit Organisations Secured with Promissory Notes, Claims Rights under Credit Contracts of Organisations or Guarantees of Credit Organisations

The amendments pertain to the terms of inclusion of credit organisations in the list of organisations whose promissory notes (claims rights under credit contracts) may be accepted as a security for the credits of the Bank of Russia, as well as organisations that may act as guarantors for the promissory notes (claims rights under credit contracts) accepted as a security for the credits of the Bank of Russia.
      The Direction is entered into force 10 days after the day of its official publication in the Herald of the Bank of Russia.

Letter of the Central Bank of Russia No. 136-T of August 30, 2007 on Individual Issues of Activities of Credit Organisations and Other Legal Entities

Explains the issues of legality of individual types of activities carried out by credit and non-credit organisations.

Letter of the Central Bank of Russia No. 133-T of August 28, 2007 on the Codes of Classification of Incomes of the Budget System of the Russian Federation Administered by the Department of Licensing of Activities and Financial Rehabilitation of Credit Organisations of the Bank of Russia and the Requisites of Payment Orders to Transfer These Incomes

Provides classification codes to transfer the state duties. The Letter must be published in the Herald of the Bank of Russia.

Decision of the Government of the Russian Federation No. 552 of September 3, 2007 on the Interim Rate of the Import Customs Duty for Digital Cameras

Introduces for 9 months the zero rate of the customs duty for digital cameras (code of Foreign Trade Commodity Nomenclature of Russia 8525 80 300 0). At present, the import of the mentioned commodities is subject to the rate of 5% of the customs cost.
      The Decision is entered into force 1 month after the day of its official publication.

Order of the Ministry of Natural Resources of the Russian Federation No. 185 of July 16, 2007 on the Endorsement of the Rules of Maintenance of Forests

The maintenance of forests is arranged through the felling of the part of trees and bushes, land improvement and other measures carried out by the parties using forests in the framework of forest management projects or the bodies of state power, bodies of local government within their sphere of reference.
      Registered in the Ministry of Justice of the Russian Federation on August 29, 2007. Reg. No. 10069.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-04-06-01/296 of August 17, 2007

According to the Tax Code of the Russian Federation, amounts of savings on interest when the taxpayers get borrowed (credit) resources in excess of the amounts mentioned in Item 2 of Article 212 of the Tax Code of the Russian Federation are subject to the incomes tax from natural persons at the rate of 35%. However, amounts in the form of material benefit from savings on interest for the use of targeted loans (credits) obtained and actually spent for new construction or purchase of dwelling home, flat or a share(s) in them are subject to the incomes tax from natural persons at the rate of 13%.

Decision of the Government of the Russian Federation No. 559 of September 5, 2007 on the Amendments to the Decisions of the Government of the Russian Federation No. 156 of April 6, 2004 and No. 324 of June 30, 2004

The amendments refine the legal status of the Federal Service of Labour and Employment, as well as exclude from its sphere of reference the state employment institutions (centres of employment of population).

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-03-06/2/154 of August 17, 2007

Provides explanations on the acknowledgement for the purposes of the profit tax of expenses in the form of interest under credits granted on comparable terms.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-01-03/7-94 of August 17, 2007

Provides explanations on the issue of writing off of arrears in federal taxes and debts in penalties and fines.

Decision of the Government of the Russian Federation No. 564 of September 7, 2007 on the Interim Rate of the Import Customs Duty for Video Games Played through TV Set

Reduces for 9 months on the temporary basis the rate of the import customs duty for video games played through TV set (code according to the Foreign Trade Commodity Nomenclature of Russia 9504 10 000 0) from 20% to 10% of the customs cost.
      The Decision is entered into force 1 month after the day of its official publication.

Order of the Federal Tax Service of the Russian Federation No. MM-3-13/448@ of August 15, 2007 on the Amendments to the Order of the Federal Tax Service of Russia No. SAE-3-13/224@ of April 12, 2006 on the Endorsement of the Formats of Files of Information Submitted to the Tax Bodies by the Bodies, Institutions and Organisations Listed in Items 1, 2, 3, 8 of Article 85 of Part 1 of the Tax Code of the Russian Federation

According to the amendments introduced in the Tax Code of the Russian Federation in pursuance of the Federal Law No. 137-FZ of July 27, 2006 (having entered into force from January 1, 2007), lawyer chambers of the subjects of the Russian Federation must report to the tax body at the place of location no later than the 10th of each month information on the lawyers included in the Register of Lawyers of the Russian Federation in the previous month or excluded from the mentioned register, as well as on the decisions suspending (restoring) the lawyer status taken during this month.

Decision of the Government of the Russian Federation No. 560 of September 5, 2007 on the Permission for the Multiple Crossings of the State Border of the Russian Federation by Russian Fishing Vessels Catching Aquatic Biological Resources in the Internal Sea Waters, in the Territorial Sea, Exclusive Economic Zone and/or on the Continental Shelf of the Russian Federation and on the Control of the Mentioned Fishing Vessels

Specifies the procedure to obtain the permission for multiple crossings of the state border of the Russian Federation for the Russian fishing vessels catching aquatic biological resources without unloading the catch to foreign vessels, as well as to Russian vessels covered by the border guard control, when the catch is delivered for processing or sale to the territory of the Russian Federation.

Order of the Ministry of Transport of the Russian Federation No. 116 of August 13, 2007 on the Amendments to the Order of the Federal Aviation Service of Russia No. 342 of October 30, 1998

Introduces amendments to the federal aviation rules "Certification Requirements to Organisations Providing Organisational Support of the Flights of Air Vessels", as well as the federal aviation rules "Certification Procedures for the Organisations Providing Organisational Support of the Flights of Air Vessels".

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-04-06-02/164 of August 24, 2007

Examines the issues of taxation with the uniform social tax and the incomes tax from natural persons of the amounts paid out by the organisation under training contracts, amounts of daily allowance, amounts of reimbursement of business trip expenses, as well as the cost of employee travel to the place of spending of the vacation.

Decree of the President of the Russian Federation No. 1184 of September 12, 2007 on the Government of the Russian Federation

The President of the Russian Federation took the decision to dismiss the Government of the Russian Federation.
      The Decree is entered into force from the day of its signing.

Decision of the Government of the Russian Federation No. 570 of September 10, 2007 on the Vegetable Products Produced (Grown) and Collected on the Territory of the Special Economic Zone in the Kaliningrad Province, Including Those Made on the Basis of Imported Raw Materials, Export of Which from the Territory of the Special Economic Zone in the Kaliningrad Province is Exempted from the Export Customs Duties

According to the amendments introduced by the Federal Law No. 84-FZ of May 17, 2007 to the Federal Law on the special economic zone in the Kaliningrad Province, vegetable products produced (grown) and collected on the territory of the special economic zone, including those made on the basis of imported raw materials, when exported from the territory of the special economic zone, is exempted until July 1, 2012 from the export customs duties according to the list defined by the Government of the Russian Federation.
      The Decision is entered into force from the day of its official publication and applies to legal relations emerging from June 30, 2007.

Order of the Federal Tax Service No. MM-3-25/494@ of August 20, 2007 on the Endorsement of the Form of the Act of the Joint Verification of Estimates of Taxes, Fees, Penalties and Fines

From January 1, 2007 amendments to the Tax Code of the Russian Federation are entered into force that introduced opportunities of joint verification of estimates of taxes, fees, penalties and fines if excessive transfer of taxes is suspected.
      Registered in the Ministry of Justice of the Russian Federation on September 11, 2007. Reg. No. 10113.

Decision of the Government Order the Russian Federation No. 575 of September 10, 2007 on the Endorsement of the Rules of Rendering of Telematic Communication Services

The rules regulate relations between the user and the communication operator rendering telematic communication services.
      The rules shall enter into force from January 1, 2008.

Order of the Ministry of Agriculture of the Russian Federation No. 395 of August 16, 2007 on the Endorsement of the Norms of Natural Loss for Meat and Meat Products at Storage

Specifies the norms of natural loss of meat and meat products at storage.
      Registered in the Ministry of Justice of the Russian Federation on September 11, 2007. Reg. No. 10120.

Letter of the Central Bank of Russia No. 142-T of September 7, 2007 on Some Issues Pertaining to the Entry into Force of the Regulation of the Bank of Russia No. 302-P of March 26, 2007 on the Rules of Accounting Work in Credit Organisations Located on the Territory of the Russian Federation and to the Drawing up of the Annual Accounting Report for the Year Article 2007

In the course of the inventory taking, credit organisations shall analyse the residues available on the accounts due for closing or renaming from January 1, 2008 to determine their presence or closing proceeding from the nature of available resources, define the procedure of closing of the mentioned accounts, procedure of opening of new accounts and the need to rework the software processing the information.

Decision of the Government of the Russian Federation No. 587 of September 13, 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

From October 1, 2007, 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.

Decision of the Government of the Russian Federation No. 582 of September 11, 2007 on the Interim Rates of Import Customs Duties for Individual Types of Commodities

Introduces for 9 months on the temporary basis the zero rates of the import customs duties for accumulators (codes according to the Foreign Trade Commodity Nomenclature 8507 80 200 0; 8507 80 300 0; 8507 80 800 0), as well as for parts of antennas (8517 70 900 9), integrated circuits (8542 31 900 1).
      The Decision is entered into force 1 month after the date of if its official publication.

Order of the Ministry of Finance of the Russian Federation No. 72n of August 24, 2007 on the Endorsement of the Instruction on the Procedure of Drawing up and Submission of the Annual, Quarterly and Monthly Reports of Execution of the Budgets of the Budget System of the Russian Federation

Specifies the forms to draw up and submit the annual, quarterly and monthly reports of execution of the budgets of the budget system of the Russian Federation.
      The Order is entered into force beginning with reports as of January 1, 2008.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-03-06/1/596 of August 27, 2007

In the case of purchase of electronic ticket by employee for business trips, the documents confirming expenses for the purposes of the profit tax may include the rout/slip drawn up on the passenger ticket endorsed as a strict-accountability form, check or another document confirming the payment drawn up on a strict-accountability form.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-01-15/9-286 of August 23, 2007

Strict-accountability forms endorsed in pursuance of the Decision of the Government of the Russian Federation No. 171 of March 31, 2005 are a payment document issued by the organisation and independent entrepreneur in replacement of the cash slip when rendering services to the population.

Order of the Government of the Russian Federation No. 1227-r of September 13, 2007

Specifies the list of the types of paid activities that may be carried out by a non-commercial organisation - owner of the target capital, except for the specialised organisation.

Decision of the Social Insurance Fund of the Russian Federation No. 192 of August 21, 2007 on the Amendments to Certain Acts of the Social Insurance Fund of the Russian Federation

Amends the form of the estimate sheet for the resources of the Social Insurance Fund of the Russian Federation (form 4-FSS RF) endorsed by the Decision of the Social Insurance Fund of the Russian Federation No. 111 of December 22, 2004.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-05-07-01/18 of September 3, 2007

According to the law of the Russian Federation on the property tax from natural persons, when the property right for a building, room, structure is transferred from one owner to another during the calendar year, the property tax from natural persons is paid by the initial owner from January 1 this year to the beginning of the month when he lost the right for the mentioned property, and by the new owner - beginning with the month when he acquired such right.

Decision of the Higher Arbitration Court of the Russian Federation No, 45 of July 26, 2007 on Some Issues of Application by Arbitration Courts of Provisions of Chapter 25.1 of the Tax Code of the Russian Federation Pertaining to Fees for the Use of Objects of Aquatic Biological Resources

Examines the cases of introduction of amendments in the appropriate permission for the catching of aquatic biological resources. Since such amendments form an integral part of the initially issued permission, they may not imply the duty of the payer to pay anew the fee for the same volume of bioresources permitted for catching. The mentioned fee, however, must be distinguished from the state duty for the issued permission, which is collected in pursuance of Subitem 74 of Item 1 of Article 333 of the Tax Code of the Russian Federation.

Direction of the Central Bank of Russia No. 1881-U of August 31, 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

The amendments are stipulated by the entry into force from January 1, 2008 of the new rules of accounting work in credit organisations located on the territory of the Russian Federation. According to the new rules, incomes and expenses of credit organisations must be registered proceeding from the fact of committing rather than the fact of receipt or transfer of monetary resources (their equivalents).
      The Direction is entered into force from October 1, 2007.
      Registered in the Ministry of Justice of the Russian Federation on September 17, 2007. Reg. No. 10155.

Direction of the Central Bank of Russia No. 1883-U of August 31, 2007 on the Amendments to the Direction of the Bank of Russia No. 1482-U of July 28, 2004 on the List of Securities Forming the Lombard List of the Bank of Russia

Of all bonds of credit organisations, only those are included in the Lombard List with the mortgage coverage, where execution of obligations is covered by the state guarantees of the subjects of the Russian Federation.
      The Direction is entered into force 10 days after the day of its official publication in the Herald of the Bank of Russia.
      Registered in the Ministry of Justice of the Russian Federation on September 17, 2007. Reg. No. 10147.

Order of the Federal Service for Tariff Rates No. 168-e/3 of August 21, 2007 on the Endorsement of the Wholesale Price for Liquefied Gas for Household Needs

From January 1, 2008, the wholesale price for liquefied gas for household needs will make Rbl 4,500 per ton (without VAT). At present, the wholesale price for liquefied gas for household needs makes Rbl 3,500 per ton (without VAT).
      Registered in the Ministry of Justice of the Russian Federation on September 17, 2007. Reg. No. 10154.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-04-05-01/288 of September 4, 2007

From January 1, 2007, a provision has been excluded from the Tax Code of the Russian Federation on the property tax exemption reducing the incomes from the purchase and sale of securities.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-04-06-02/189 of September 7, 2007

Explains the issues of payment of the uniform social tax, insurance contributions for obligatory pension insurance and the incomes tax from natural persons from payments to a foreign citizen made by the Russian organisation for activities abroad, as well as of registration of the given payments when calculating the profit tax.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-05-06-01/99 of September 6, 2007

Explains the procedure of determination of the cost of property for the purpose of calculation of the property tax from organisations, as well as the issue of the incomes tax from natural persons for the amounts of compensations to the employee sent on a business trip for the airport services providing the VIP hall.

Federal Law No. 223-FZ of September 24, 2007 on the Amendments to the Federal Law on the Labour Pensions in the Russian Federation Pursuant to the Introduction of the Amounts of Basic Parts of the Labour Pensions

To provide for a step-wise equalisation of the amount of the basic part of the labour pension and the cost of living of the pensioner, increases from October 1, 2077 the amount of the basic part of the labour old-age, disability and lost-breadwinner pensions.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-11-05/209 of September 4, 2007

According to the Tax Code of the Russian Federation, the system of taxation in the form of the uniform imputed income tax may be applied also for entrepreneurial activities in the form of retail trade carried out through shops and pavilions with the sales area not greater than 150 square meters for each trade object.

Decree of the President of the Russian Federation No. 1274 of September 24, 2007 "Issues of the Structure of the Federal Bodies of Executive Power"

Endorses a new structure of the federal bodies of executive power. The Decree is entered into force from the day of its official publication.

Decision of the Federal Service of State Statistics No. 63 of September 13, 2007 on the Revocation of Statistical Tools of the Weekly Monitoring of the Volumes of Sale and Prices for Commodities at Retail Markets

In view of the changing of the periods of issuance of statistical information on the situation at retail markets, invalidates from September 12, 2007 the Decision of the Federal Service of State Statistics No. 86 of December 27, 2006 having specified the forms of the federal state statistical monitoring (weekly) of the volumes of sale and prices for commodities at retail markets for the year 2007, the procedure and time limits of their submission.

Order of the Federal Fund of Obligatory Medical Insurance No. 191 of September 10, 2007 on the Endorsement of the Procedure to Grant Resources in 2007 for the Implementation in the Subjects of the Russian Federation of the Pilot Project to Improve the Quality of Services in the Sphere of Public Health

The budget of the Federal Fund of Obligatory Medical Insurance for the year 2007 envisages resources for the pilot project to be implemented in the subjects of the Russian Federation to improve the quality of services in the sphere of public health.
      Registered in the Ministry of Justice of the Russian Federation on September 21, 2007. Reg. No. 10173.

Order of the Ministry of Finance of the Russian Federation No. 70n of August 21, 2007 on the Amendments to the Regulation of the Ministry of Finance of the Russian Federation Endorsed by the Order of the Ministry of Finance of the Russian Federation No. 45n of March 23, 2005

Provides a new wording for the section of the Regulation of the Ministry of Finance of the Russian Federation regulating the procedure of processing of appeals of citizens and reception of citizens.
      Registered in the Ministry of Justice of the Russian Federation on September 21, 2007. Reg. No. 10170.

Decision of the Government of the Russian Federation No. 607 of September 25, 2007 on the Amendments to the Regulation on the State Regulation of Tariff Rates for the Services of Public Telecommunication and Public Postal Communication

The amendments regulate in addition the procedure of carrying out of checks of the financial and economic activities of communication operators where it pertains to the economic substantiation of expenses and other figures taken into account when fixing the regulated tariff rates (state regulation), as well as of the state control of correctness of application by communication operators of the regulated tariff rates for the communication services (the state control).

Order of the Ministry of Natural Resources of the Russian Federation No. 225 of August 30, 2007 on the Endorsement of the Forms of Documents Drawn up As a Result of the Measures of State Forestry Control and Enforcement Carried out by the Federal Service of Enforcement in the Sphere of Use of Natural Resources

Endorses the new forms of the act of check of observation of the requirements of the forestry legislation and the Order to remove the revealed violations of the requirements of the forestry legislation drawn up by the Federal Service of Enforcement in the Sphere of Use of Natural Resources and its territorial bodies as a result of the carried out checks.
      Registered in the Ministry of Justice of the Russian Federation on September 25, 2007. Reg. No. 10180.

Order of the Ministry of Public Health and Social Development of the Russian Federation No. 615 of September 20, 2007 on the Amendments to the Order of the Ministry of Public Health and Social Development of the Russian Federation No. 360 of May 25, 2007 on the Measures to Implement the Decision of the Government of the Russian Federation No. 296 of May 19, 2007 on the Endorsement of the Rules of Financing in 2007 of Expenses to Implement in the Subjects of the Russian Federation the Pilot Project to Improve the Quality of Services in the Sphere of Public Health and the List of Subjects of the Russian Federation Participating in It

The budget of the Federal Fund of Obligatory Medical Insurance for the year 2007 envisages resources to implement in the subjects of the Russian Federation the pilot project aimed at improving the quality of services in the sphere of public health.
      Registered in the Ministry of Justice of the Russian Federation on September 21, 2007. Reg. No. 10174.

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