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 11.01.2008

Decision of the Government of the Russian Federation No. 988 of December 29, 2007 on the Endorsement of the Rules of Collection, Distribution and Paying out of Rewards to Performers and Makers of Phonograms for the Use of Phonograms Published for Commercial Purposes

Collection of rewards is carried out by organisations in charge of the management of the rights of performers and makers of phonograms on the collective basis that have state accreditation.

Decision of the Government of the Russian Federation No. 984 of December 29, 2007 on the Determination of the Need to Attract Foreign Workforce to the Russian Federation in 2008

Endorses distribution of the need to attract foreign workforce to the Russian Federation in 2008 by priority professional and qualification groups (1,828,245 persons).

Decision of the Government of the Russian Federation No. 980 of December 29, 2007 on the State Regulation of Tariff Rates for the Services of Subjects of Natural Monopolies for Transportation of Oil and Oil Products

The state regulation includes the fixing of tariff rates or their limiting levels, as well as the measures of state control of the fixing (change, revocation) and application of tariff rates.

Decision of the Government of the Russian Federation No. 951 of December 29, 2007 on the Amendments to Individual Decisions of the Government of the Russian Federation on the Particulars of Functioning of the Wholesale Market of Electric Power in the Transient Period on the Territories That Are Not Covered by the Pricing Zones

The amendments are stipulated by the particulars of the functioning of the wholesale market of electric power in the transient period on the territories that are not included in the pricing zones.

Decision of the Plenum of the Higher Arbitration Court of the Russian Federation No. 65 of December 18, 2007 on Some Procedural Issues Emerging with Arbitration Courts Processing Taxpayer Applications on the Protection of the Right to Reimburse the Value Added Tax for Operations Subject to the 0 Percent Tax Rate

Explains individual issues pertaining to protection of the right to reimburse the value added tax in operations subject to the 0 percent tax rate.

Order of the Ministry of Justice of the Russian Federation No. 256 of December 27, 2007 on the Endorsement of the Instruction on the Procedure for the Heads of Local Administrations of Residential Settlements and Specially Authorised Officials of the Local Government of Residential Settlements to Commit Notary Actions

Permits the heads to local administrations and specially authorised officials of the local government to commit notary actions in the absence of the notary in the residential settlement.

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