Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 3.07.2008

Decision of the Government of the Russian Federation No. 485 of June 28, 2008 on the List of International Organisations Whose Grants (Free Aid) Received by Taxpayers Are Exempted from Taxes and Are Not Included for Taxation Purposes in Incomes of Russian Organisations Getting the Grants

Lists international organisations whose gratuitous aid (grants) to taxpayers is exempted from taxes and are not included for taxation purposes in incomes of Russian organisations getting the grants.

Direction of the Central Bank of Russia No. 2020-U of June 4, 2008 on the Amendments to Items 2.1 and 3.6 of the Regulation of the Bank of Russia No. 273-P of July 14, 2005 on the Procedure for the Bank of Russia to Grant Credits to Credit Organisations Secured with Pledged Promissory Notes, Claims Rights under Credit Contracts of Organisations or Guarantees of Credit Organisations

From July 1, 2008, introduces a new procedure of assessment of the economic standing of banks.

Direction of the Central Bank of Russia No. 2018-U of June 4, 2008 on the Amendment to Item 2.1 of the Regulation of the Bank of Russia No. 312-P of November 12, 2007 on the Procedure for the Bank of Russia to Grant Credits to Credit Organisations Secured with Assets

Instead of assessment of the financial standing of credit organisations, introduces a procedure of assessment of the economic standing of banks.

Direction of the Central Bank of Russia No. 2017-U of June 4, 2008 on the Amendment to Item 3.5 of the Regulation of the Bank of Russia No. 236-P of August 4, 2003 on the Procedure for the Bank of Russia to Grant Credits to Credit Organisations Secured with Pledged (Blocking of) Securities

Adjusts the procedure for the Bank of Russia to grant credits to credit organisations secured with the pledge (blocking) of securities.

Direction of the Central Bank of Russia No. 2016-U of June 4, 2008 on the Amendments to Items 3.1 and 3.3 of the Regulation of the Bank of Russia No. 290-P of July 4, 2006 on the Procedure for the Bank of Russia to Grant Permissions to Credit Organisations to Have Affiliated Organisations on the Territory of a Foreign State

Revises the list of documents to be submitted to get the permission to have affiliated organisations in a foreign state.

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