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 13.04.2009

Federal Law No. 58-FZ of April 9, 2009 on the Amendments to the Budget Code of the Russian Federation and Individual Legislative Acts of the Russian Federation

The amendments provide for the balancing of the federal budget in the presence of the world financial crisis.

Federal Law No. 56-FZ of April 9, 2009 on the Amendment to Article 825 of Part 2 of the Civil Code of the Russian Federation and on Invalidation of Article 10 of the Federal Law on the Entry into Force of Part 2 of the Civil Code of the Russian Federation

Specifies which organisations may conclude factoring contracts as financial agents.

Federal Law No. 55-FZ of April 9, 2009 on the Ratification of the Protocol to the Convention between the Government of the Russian Federation and the Government of the Czech Republic on Avoidance of Double Taxation and Prevention of Evasion of Taxes on Incomes and Capital

Ratifies the Protocol to the Convention between the Government of the Russian Federation and the Czech Republic on avoidance of double taxation and prevention of evasion of taxes on incomes and capital.

Federal Law No. 54-FZ of April 9, 2009 on the Ratification of the Agreement between the Government of the Russian Federation and the Government of the Chinese People's Republic on the Promotion and Mutual Protection of Capital Investments and the Protocol to the Agreement between the Government of the Russian Federation and the Government of the Chinese People's Republic on the Promotion and Mutual Protection of Capital Investments

The ratified Agreement and Protocol were signed by the sides on November 9, 2006 in Peking.

Federal Law No. 53-FZ of April 9, 2009 on the Ratification of the Agreement between the Government of the Russian Federation and the Government of the Federal Republic of Brazil on the Mutual Protection of Technologies Pertaining to Cooperation in Investigation of the Outer Space for Peaceful Purposes

The ratified Agreement was signed on December 14, 2006 in the city of Brasilia.

Decision of the Government of the Russian Federation No. 314 of April 8, 2009 on the Endorsement of the Rules of State Control of the Economic Concentration in the Sphere of Use of Water Objects

The Water Code of the Russian Federation prohibits monopolistic activities and unfair competition in the sphere of use of water objects.

Decision of the Government of the Russian Federation No. 313 of April 8, 2009 on the Amendments to the Regulation on the Federal Service for Intellectual Property, Patents and Trade-Marks

The Federal Service for Intellectual Property, Patents and Trade-Marks is empowered with a new function of control of protection and use of results of works of civil destination carried out at the expense of the federal budget.

Decision of the Government of the Russian Federation No. 311 of April 8, 2009 on the Endorsement of the Rules of Fixing of Time Limits of Processing of Commodities in Excess of 2 Years for Armaments and Military Equipment

Armaments and military equipment produced on the territory of the Russian Federation and supplied abroad are placed under the customs regime of processing on the customs territory when imported to Russia for repair.

Order of the Ministry of Justice of the Russian Federation No. 89 of March 31, 2009 on the Endorsement of the Administrative Regulation of the Ministry of Justice of the Russian Federation on the Execution of the State Function of Providing Information on the Registered Organisations to Natural Persons and Legal Entities

The Ministry of Justice of Russia assumes the authority of registration of non-commercial organisations earlier vested in the Federal Registration Service.

Order of the Ministry of Justice of the Russian Federation No. 84 of March 25, 2009 on the Endorsement of the Forms of Documents Necessary for the Creation and Carrying out of Activities on the Territory of the Russian Federation of Branches and Representations of International Organisations and Foreign Non-Commercial Non-Governmental Organisations

Introduces a new form of the notification pursuant to the transfer of the function of the Federal Registration Service to the Ministry of Justice of the Russian Federation.

Order of the Federal Customs Service No. 1657 of December 23, 2008 on the Endorsement of the Procedure of Application of Special, Simplified Procedures of Customs Registration

Persons importing commodities to Russia may apply simplified procedures of customs registration.

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