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 22.10.2007

Order of the Government of the Russian Federation No. 1420-r of October 15, 2005

A list of the public and religious associations whose activities have been suspended or which are covered by a court's decision that has become final on liquidation or ban on activity due to their pursuing extremist activities will be published, for instance, in Rossiyskaya Gazeta.

Letter of the Department for Taxation and Customs-Tariff Policies of the Ministry of Finance of the Russian Federation No. 03-03-06/1/717 of October 11, 2007

Explanations are provided concerning the deeming an electronic air ticket on a paper medium as strict-accountability form for the purpose of keeping record of the sum for which the ticket was bought for profit tax assessment. For example, a print-out of an electronic air ticket acquired by an employee sent on a business trip and the boarding pass will be used by accountants to recognise expenses for profit taxation purposes.

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