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 17.09.2007

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.

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