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 29.12.2008

Federal Law No. 291-FZ of December 25, 2008 on the Amendments to Article 11 of the Law of the Russian Federation on the State Border of the Russian Federation

Reduces the time of passing of the border guard and other types of state control by international passenger trains.

Federal Law No. 290-FZ of December 25, 2008 on the Ratification of the Agreement on the Procedure of Organisation and Carrying out of Joint Anti-Terrorist Measures on the Territory of the Member-States of the Shanghai Organisation of Cooperation

Ratifies the above Agreement.

Federal Law No. 289-FZ of December 25, 2008 on the Ratification of the Agreement between the Government of the Russian Federation and the Government of the Laos People's Democratic Republic on the Settlement of the Debt of the Laos People's Democratic Republic in Roubles to the Russian Federation in Earlier Granted Credits

Ratifies the Agreement on the restructuring of the Laos debt to Russia under credits granted in 1986-1990 to finance construction.

Federal Law No. 284-FZ of December 25, 2008 on the Handing over of Rights for the Uniform Technologies

Regulates relations of transfer of uniform technologies of civil, military, special or dual destination for their practical application belonging fully or partly to the Russian Federation or subjects thereof.

Federal Law No. 282-FZ of December 25, 2008 on the Amendments to Part 2 of the Tax Code of the Russian Federation

After March 1, 2009, victims of highway accidents may apply directly to the insurer to claim the insurance payment. Resources obtained by the insurer under agreements of direct reimbursement of losses are exempted from VAT.

Federal Law No. 280-FZ of December 25, 2008 on the Amendments to Individual Legislative Acts of the Russian Federation pursuant to the Ratification of the UN Convention against Corruption of October 31, 2003 and the Criminal Law Convention on Corruption of January 27, 1999 and Adoption of the Federal Law on the Combating of Corruption

Introduces anti-corruption duties, prohibitions and restrictions for the civil servants, servicemen and employees of law enforcement bodies.

Federal Law No. 276-FZ of December 25, 2008 on the Amendment to Article 56 of the Federal Law on the Central Bank of the Russian Federation (Bank of Russia)

The Regulation on the Banking Enforcement Committee is endorsed by the Board of Directors of the Central Bank of Russia.

Federal Law No. 275-FZ of December 25, 2008 on the Ratification of the Agreement on the Protection of Participants of Criminal Proceedings

Ratifies the Agreement signed in Minsk on November 28, 2006 by CIS member-states.

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