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 12.11.2008

Federal Law No. 193-FZ of November 8, 2008 on the Amendments to the Federal Law on the Federal Budget for the Year 2008 and for the Planned Period of 2009 and 2010

The amendments are aimed at solving the tasks set forth by the President of the Russian Federation, for example, rendering aid to the financial system of the Russian Federation.

Decision of the Government of the Russian Federation No. 840 of November 10, 2008 on the Endorsement of the Rates of Import Customs Duties for Individual Types of Civil Aircraft

Endorses on the permanent basis the rates of customs duties for the import to the Russian Federation of individual types of aircraft.

Decision of the Government of the Russian Federation No. 836 of November 7, 2008 on the Endorsement of the Quota for the Issue of Invitations to Foreign Citizens to Enter the Russian Federation for the Purposes of Employment for the Year 2009

The quota for the issue of invitations to foreigners to enter the Russian Federation for the purposes of employment for the year 2009 is fixed in the amount of 1,250,769.

Decision of the Government of the Russian Federation No. 835 of November 7, 2008 on the Endorsement of the Quota for the Issue of Employment Permissions to Foreign Citizens for the Year 2009

In 2009, the quota for foreigners makes 3,976,747 employment permissions.

Decision of the Government of the Russian Federation No. 834 of November 7, 2008 on the Demand for Foreign Workforce for the Russian Federation in 2009

The Government of the Russian Federation determines each year the demand for foreign workforce for the Russian Federation taking into account the political, economic, social and demographic situation, as well as assessment of the efficiency of use of the foreign workforce.

Decision of the Government of the Russian Federation No. 813 of November 7, 2008 on the Interim Rates of Import Customs Duties for Waste and Scrap of Ferrous Metals, Individual Types of Rolled Stock

To support the domestic metal making and motor industry, introduces on the temporary basis (for 9 months) the zero rates of import customs duties for waste and scrap of cast iron, alloyed steel, ferrous metals, batch lump.

Information of the Central Bank of Russia of November 11, 2008

To reduce the outflow of capital from Russia and confine inflation trends, increases the rate of refinancing and the interest rates for operations carried out by the Central Bank.

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