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 10.09.2007

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.

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