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 15.10.2008

Order of the Federal Service for Tariff Rates No. 173-e/5 of September 17, 2008 on the Endorsement of the Methodology Recommendations on the Regulation of the Amount of Payment for Supply and Sales Services Rendered to End Users by Suppliers of Gas

Offers a new method of regulation and calculation of the amount of payment for supply and sales services rendered by suppliers of gas to end users.

Order of the Ministry of Finance of the Russian Federation No. 94n of September 11, 2008 on the Amendments to the Order of the Ministry of Finance of the Russian Federation No. 136n of November 7, 2006 on the Endorsement of the Form of the Tax Declaration for the Value Added Tax and Its Filling Procedure

Refines the list of codes of operations used to fill in the tax declaration for the given tax.

Order of the Federal Service for Financial Markets No. 08-36/pz-n of September 23, 2008 on the Amendments to the Regulation on the Composition and Structure of Assets of Joint-Stock Investment Funds and Assets of Shared Investment Funds Endorsed by the Order of the Federal Service for Financial Markets of Russia No. 08-19/pz-n of May 20, 2008

The assets of joint-stock and shared investment funds may include financial instruments where the basic assets is other property if this is directly envisaged only in the regulation on the composition and structure of assets - not in other acts of the Federal Service for Financial Markets as was the case earlier.

Order of the Ministry of Agriculture of the Russian Federation and the Ministry of Transport of the Russian Federation No. 405/137 of August 20, 2008 on the Endorsement of the Norms of Natural Loss of Ethyl Alcohol during Transportation

Introduces new norms of natural loss of ethyl alcohol during transportation.

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