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 27.11.2008

Order of the Ministry of Transport of the Russian Federation No. 147 of September 12, 2008 on the Endorsement of the Federal Aviation Rules "Requirements to the Members of the Crew of Air Vessels, Specialists of Maintenance of Air Vessels and Civil Aviation Flight Support Employees (Traffic Controllers)"

Specifies the requirements to the types of aviation personnel: private and commercial pilots, pilot of a crew, line pilot, pilot of a glider or a super light vessel etc.

Federal Law No. 214-FZ of November 25, 2008 on the Budget of the Pension Fund of the Russian Federation for the Year 2009 and for the Planned Period of 2010 and 2011

Endorses the main characteristics of the budget of the Pension Fund of the Russian Federation for the years 2009-2011.

Federal Law No. 215-FZ of November 25, 2008 on the Budget of the Federal Fund of Obligatory Medical Insurance for the Year 2009 and for the Planned Period of 2010 and 2011

Regulates budget relations of the Federal Fund of Obligatory Medical Insurance of the Russian Federation for the year 2009 and for the planned period of 2010 and 2011.

Federal Law No. 224-FZ of November 26, 2008 on the Amendments to Part 1, Part 2 of the Tax Code of the Russian Federation and Individual Legislative Acts of the Russian Federation

Improves taxation administration, procedure of calculation and payment of the value added tax, incomes tax from natural persons, profit tax from organisations and the uniform social tax.

Federal Law No. 216-FZ of November 25, 2008 on the Budget of the Social Insurance Fund of the Russian Federation for the Year 2009 and for the Planned Period of 2010 and 2011

Adopts the budget of the Social Insurance Fund do Russia for the year 2009 and for the panned period of 2010 and 2011.

Decision of the Government of the Russian Federation No. 858 of November 19, 2008 on the Procedure of Working out and Endorsement of the Summary Rules

Summary rules are adopted in case of absence of national standards.

Decision of the Government of the Russian Federation No. 870 of November 20, 2008 on the Reduced Length of Working Time, Additional Annual Paid Leave, Increased Labour Remuneration for Employees Engaged in Heavy Works, Works with Adverse and/or Hazardous or Other Special Working Conditions

Employees engaged in heavy works, works with adverse and/or hazardous or other special working conditions may work now no longer than 36 hours a week and enjoy an additional annual paid leave of at least 7 calendar days.

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