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 26.11.2008

Federal Law No. 223-FZ of November 25, 2008 on the Amendments to the Code of Civil Procedures of the Russian Federation

Adjusts the procedure of reimbursement of court expenses, payments to witnesses and interpreters.

Federal Law No. 220-FZ of November 25, 2008 on the Amendments to Article 17 of the Federal Law on Narcotic Drugs and Psychotropic Substances

Maintains existing volumes of production of narcotic drugs and psychotropic substances necessary in the sphere of public health.

Federal Law No. 217-FZ of November 25, 2008 on the Insurance Tariff Rates for Obligatory Social Insurance against Industrial Accidents and Occupational Diseases for the Year 2009 and for the Planned Period of 2010 and 2011

The procedure that was in effect in 2006 and 2007 is extended also for 2009 and for the planned period of 2010 and 2011.

Federal Law No. 213-FZ of November 24, 2008 on the Ratification of the Agreement on the Outfit of the Territory, Joint Use of Objects of Military Infrastructure of the Member-States of the Organisation of the Collective Security Treaty

Ratifies the Agreement regulating the issues of joint use of objects of military infrastructure by the armed forces of the member-states.

Federal Law No. 212-FZ of November 24, 2008 on the Ratification of the Agreement on the Creation of the System of Management of Forces and Resources of the Collective Security System of the Organisation of the Collective Security Treaty

The ratified Agreement is aimed at safeguarding the military security of the member-states of the Organisation of the Collective Security Treaty.

Federal Law No. 211-FZ of November 24, 2008 on the Ratification of the Treaty of Friendship, Cooperation and Mutual Aid between the Russian Federation and the Republic of Abkhazia

The ratified Treaty was signed in Moscow on September 17, 2008.

Federal Law No. 210-FZ of November 24, 2008 on the Ratification of the Treaty of Friendship, Cooperation and Mutual Aid between the Russian Federation and the Republic of South Ossetia

Ratifies the Treaty singed in Moscow on September 17, 2008.

Federal Law No. 209-FZ of November 24, 2008 on the Amendment to Article 149 of Part 2 of the Tax Code of the Russian Federation

VAT shall not be collected from operations of sale of commodities, works, services carried out by the production shops of corrective institutions of the criminal execution system.

Federal Law No. 208-FZ of November 24, 2008 on the Amendment to Article 346.14 of Part 2 of the Tax Code of the Russian Federation

From January 1, 2009, taxpayers using the simplified system of taxation may change the object of taxation once a year.

Federal Law No. 206-FZ of November 24, 2008 on the Suspension of Individual Legislative Acts of the Russian Federation Pursuant to the Adoption of the Federal Law on the Federal Budget for the Year 2009 and for the Planned Period of 2010 and 2011

Until January 1, 2012, suspends individual federal laws, because the federal budget for the year 2009 and for the planned period of 2010 and 2011 does not envisage resources for their implementation.

Federal Law No. 205-FZ of November 24, 2008 on the Amendments to Individual Legislative Acts of the Russian Federation Pursuant to the Adoption of the Federal Law on the Federal Budget for the Year 2009 and for the Planned Period of 2010 and 2011

Amends individual legislative acts, since their provisions fail partially to meet the requirements of the budget legislation.

Federal Law No. 204-FZ of November 24, 2008 on the Federal Budget for the Year 2009 and for the Planned Period of 2010 and 2011

The total volume of incomes of the federal budget for the year 2009 is specified at the level of Rbl 10,927.1 billion, for the year 2010, Rbl 11,733.6 billion, for the year 2011, Rbl 12,839 billion. The volume of expenses must make Rbl 9,024.7 billion in 2009, Rbl 10,320.3 billion in 2010 and Rbl 11,317.7 billion in 2011.

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