Large foreign IT companies were obliged to open branches in Russia

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Daily Monitoring of the Legislation

Monitoring of the Federal Legislation dated 3.12.2007

Federal Law No. 287-FZ of November 29, 2007 on the Amendments to the Law of the Russian Federation on the Organisation of Insurance Activities in the Russian Federation and to Some Other Legislative Acts of the Russian Federation

The amendments refine the procedure of regulation of activities, including the licensing, of mutual insurance companies insuring their members only.

Federal Law No. 286-FZ of November 29, 2007 on the Mutual Insurance

The Federal Law is adopted to implement Article 968 of the Civil Code of the Russian Federation ("Mutual Insurance") and defines the status, principles, restrictions and particulars of activities of non-commercial mutual insurance companies, as well as the rights and duties of their participants.
      The Federal Law is entered into force from the day of its official publication, except for the provision on the licensing of activities of mutual insurance entering into force from July 1, 2008.

Federal Law No. 283-FZ of November 29, 2007 on the Amendments to the Federal Law on the Export Control

The amendments are stipulated by the need to adapt some norms of the Federal Law to the new challenges and hazards to the state security in the sphere of foreign trade activities, including the tasks of combating international terrorism.
      The Federal Law is entered into force from January 1, 2008.

Federal Law No. 280-FZ of November 29, 2007 on the Amendments to Article 2.1 of the Federal Law on the Amendments to Part 2 of the Tax Code of the Russian Federation and Some Other Acts of the Legislation of the Russian Federation on Taxes and Fees, As Well As on Invalidation of Individual Acts (Provisions of Acts) of the Legislation of the Russian Federation on Taxes and Fees

To improve the financial standing of agricultural producers, extends the period of application of the zero percent tax rate for the profit tax until January 1, 2009, and tax exemptions for the profit tax from agricultural producers granted as a measures of state support until they switch over to the uniform agricultural tax are extended until December 31, 2015.
      The Federal Law is entered into force from January 1, 2008, however, no sooner than one month from the day of its official publication.

Federal Law No. 277-FZ of November 29, 2007 on the Ratification of the Agreement on the Uniform Procedure of Export Control of the Member-States of the Eurasia Economic Community

The goals of the Agreement signed in Moscow on October 28, 2003 is creation of favourable conditions for an efficient functioning of the single economic and customs market zone, promotion of development of balanced, mutually beneficial trade and scientific and technical ties between the member-states, enhancing of non-proliferation of mass destruction weapons and means of their delivery, as well as protection of national interests and security of the states of the Community.

Federal Law No. 276-FZ of November 29, 2007 on the Suspension of the Conventional Forces in Europe Treaty by the Russian Federation

The Russian Federation suspends the Conventional Forces in Europe Treaty.
      The Federal Law is entered into force from the day of its official publication.

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