Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 25.11.2008

Decision of the Government of the Russian Federation No. 860 of November 19, 2008 on the Cost of Living in Per Capita Figures and for the Main Socio-Demographic Groups of Population on the Whole for the Russian Federation for the I and II quarters of 2008

The cost of living for the whole of the Russian Federation in per capita figures is fixed in the amount of Rbl 4,402 for the I quarter and Rbl 4,646 for the II quarter of 2008.

Letter of the Federal Tax Service No. ShS-6-3/827@ of November 13, 2008 on the Procedure of Application of Paragraph 9 of Item 4 of Article 170 of the Tax Code of the Russian Federation.

Specifies the procedure of keeping of separate records for VAT amounts presented for the purchased commodities (works, services) that are used for both operations only subject to or only exempted from VAT and for simultaneous use in the mentioned operations.

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