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 3.12.2008

Decision of the Government of the Russian Federation No. 896 of November 27, 2008 on the Amendments to the Typical Regulation on the Body of Executive Power of the Subject of the Russian Federation in Charge of the State Regulation of Tariff Rates

The bodies of executive power of the subjects of the Russian Federation in charge of the state regulation of tariff rates assume additional functions.

Decision of the Government of the Russian Federation No. 863 of November 19, 2008 on the Amendments to the Federal Rules (Standards) of Audit Activities Endorsed by the Decision of the Government of the Russian Federation No. 696 of September 23, 2002

Specifies new requirements pertaining to control of quality of executed audit orders.

Letter of the Federal Tax Service No. ShS-6-3/868@ of November 28, 2008 on the Procedure of Application of Item 4 of Article 168 of the Tax Code of the Russian Federation

Explains the procedure of application of VAT when the borrower pays for the goods purchased by the lender or dispatches the goods in redemption of the debt.

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