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 8.12.2008

Federal Law No. 240-FZ of December 3, 2008 on the Amendments to the Code of Administrative Violations of the Russian Federation

Provisions of the Code of Administrative Violations of the Russian Federation on the enforcement procedure of revision of decisions and rulings in the cases of administrative violations are being brought in compliance with the constitutional principles of competition and equality of sides in a court hearing.

Federal Law No. 237-FZ of December 3, 2008 on the Amendment to Article 25.11 of the Federal Law on the Procedure of Exit from the Russian Federation and Entry to the Russian Federation

Introduces a visa-free regime of entry and stay in the Russian Federation for foreign tourists arriving to Russia for up to 3 days on ferries.

Federal Law No. 234-FZ of December 3, 2008 on the Amendments to Article 3 of the Law of the Russian Federation on the Customs Tariff

Reduces from two to one month the period of monitoring of prices for raw oil at the world markets.

Federal Law No. 233-FZ of December 3, 2008 on the Invalidation of Article 19 of the Federal Law on the Priority Measures in the Sphere of Budget and Tax Policy and the Federal Law on the Amendment to Article 19 of the Federal Law on the Priority Measures in the Sphere of Budget and Tax Policy

Earlier, platinum and platinum group metals could have been exported only through federal state unitary enterprises. Now, this prohibition is abandoned.

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