Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 25.05.2009

Decision of the Government of the Russian Federation No. 438 of May 20, 2009 on the Endorsement of the List of Codes of Commodities According to the Commodity Nomenclature of Foreign Economic Activities of the Russian Federation Exempted from the Value Added Tax If Imported to the Customs Territory of the Russian Federation from January 1, 2009 to January 1, 2012 by Agricultural Producers Meeting the Criteria Envisaged in Item 2 of Article 346.2 of Part 2 of the Tax Code of the Russian Federation and Russian Organisations Engaged in Leasing Activities to be Later Supplied to Agricultural Producers Meeting the Criteria Envisaged in Item 2 of Article 346.2 of Part 2 of the Tax Code of the Russian Federation

Exempts from the value added tax until January 1, 2012 the import to the Russian Federation of pedigree bovine animals, pedigree swine, sheep and goats, semen and embryos of the mentioned animals, pedigree horses and ova.

Decision of the Government of the Russian Federation No. 431 of May 19, 2009 on the Limiting Time of Temporary Import of Harvesting Combines

Harvesting combines (codes according to the Commodity Nomenclature of Foreign Economic Activities of Russia 8433 51 000 1, 8433 51 000 9) may be imported temporarily to the Russian Federation for up to 5 calendar days.

Decision of the Government of the Russian Federation No. 427 of May 18, 2009 on the Procedure of Checking of the Correctness of Determination of the Estimate Cost of Objects of Capital Construction Financed While Attracting Resources of the Federal Budget

The checks will be carried out from January 1, 2010.

Decision of the Government of the Russian Federation No. 415 of May 18, 2009 on the Amendments to the Instruction on the Procedure of Providing Access to the State Secret to Officials and Citizens of the Russian Federation

Specifies that access to the state secret to the heads of self-regulating organisations of bankruptcy commissioners and bankruptcy commissioners shall be drawn up by the federal body of executive power supervising activities of bankruptcy commissioners and self-regulating organisations of bankruptcy commissioners.

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