Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 23.06.2009

Letter of the Federal Tax Service No. ShS-22-3/492@ of June 18, 2009 on the Data Required to Calculate the Mining Tax on Oil for the Month of May 2009

Starting from January 1, 2007 the rate of mining tax on oil equal to 419 roubles per ton of produced water-free salt-free stabilised oil is to be multiplied by a coefficient characterising world oil price variation (Kts) and a coefficient characterising the degree of depletion of the specific subsoil tract (Kv).
Data is provided for mining tax calculation for oil for the month of May 2009. Given the average price of Urals oil on the Mediterranean and Rotterdam oil markets of $56.73 per barrel and the average US dollar exchange rate to the rouble of 32.0652, the value of Kts is set at 5.1267 (its was equal to 4.3070 in the preceding tax period), and that of Kv is to be set by the taxpayer on his own.
Thus, due to the oil price growth the rate of mining tax on oil has grown as compared with the preceding tax period.
The data used for mining tax calculation for the month of April 2009 is available in Letter of the Federal Tax Service No. VE-22-3/402@ of May 18, 2009.

Decision of the Government of the Russian Federation No. 492 of June 15, 2009 on the Significant Conditions and Procedure for Settling Disagreements Concerning a Right of Concluding Contracts in Respect of the Electric Grid Facilities Incorporated in the Unified National (All-Russia) Electric Grid

The electric grid facilities incorporated in the unified national (all-Russia) electric grid are used by their possessors by agreement with the organisation charged with the management of the unified national (all-Russia) electric grid. A list of the significant conditions of an agreement on the procedure for an organisation to use such facilities is defined.
For instance, the organisation has to conclude contracts for power transmission through the use of the facility and to transfer proceeds collected to the possessor of the facility. On his part, the possessor undertakes to seek agreement from the organisation for the procedure for using the facility and to notify all electricity consumers of the conclusion of the agreement with the organisation on the procedure for using the facility.
In some cases the possessor of the facility is entitled to conclude on his own contracts for power transmission.
Apart from the rights and duties of parties the significant conditions of the contract include the effective term thereof, information on the facility and the rate of the payment under the contract.
Disputes as to a right to conclude contracts for power transmission are resolved by the Ministry of Energy of the Russian Federation.
A procedure is established for setting tariffs for power transmission through the unified national (all-Russia) electric grid.

Order of the Federal Tax Service No. MM-7-6/148@ of March 31, 2009 on Endorsing the Procedure for the Provision in an Electronic Form of Public and Generally-Accessible Information from the Comprehensive State Register of Legal Entities and from the Comprehensive State Register of Individual Entrepreneurs

To broaden opportunities for users to get access to the public and generally-accessible information available in these registers a new procedure is defined for the provision of such information in an electronic form.
No significant changes have occurred in the procedure for the provision of information. As before, the recipients of information from the registers are governmental bodies, local self-government bodies, the Bank of Russia, natural persons and legal entities. Applications for provision of information are to be filed with the Federal Tax Service or its territorial bodies.
Natural persons and legal entities can get information for a pay at the rate of 50,000 roubles for one-off provision of information or 150,000 roubles for an annual subscription for one workplace.
The previously effective procedure for the provision of information from the registers in an electronic form is superseded.
Registered by the Ministry of Justice of the Russian Federation, registration No. 14081 of June 11, 2009.

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