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 9.01.2008

Decision of the Government of the Russian Federation No. 983 0f December 29, 2007 on the Endorsement of the Quota for 2008 of Invitations to Foreign Citizens to Enter the Russian Federation for the Purpose of Employment

The quota of invitations to foreign citizens in 2008 is fixed in the amount of 672,304.

Decision of the Government of the Russian Federation No. 982 of December 29, 2007 on the Endorsement of the Quota of Employment Permissions for 2008

The quota for 2008 makes 1,828,245 employment permissions.

Decision of the Government of the Russian Federation No. 989 of December 29, 2007 on the Budget Investments in 2008 into Objects of Capital Construction in the State Property of the Russian Federation and Objects of Capital Construction Owned by Legal Entities Not Being State or Municipal Institutions and State or Municipal Unitary Enterprises

Endorses the lists of construction projects and objects for the federal state needs for 2008 and the years of 2009-2010.

Decision of the Government of the Russian Federation No. 985 of December 29, 2007 on the Endorsement of the Rates of Import Customs Duties for Polycarbonates

Introduces for 9 months the zero rate of the import customs duty for polycarbonates for making optical data storage media.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-02-07/1-477 of December 11, 2007

Provides explanations on the procedure of submission to the tax bodies of tax declarations, on the payment of taxes in cases of reorganisation in the form of incorporation, on the setting off of the overpaid amounts of taxes and on the legality of penalties accrued with the reorganised organisation in the case of payment of taxes at the place of registration of the reorganised organisation.

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