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 29.07.2009

Decision of the Government of the Russian Federation No. 612 of July 27, 2009 on the Endorsement of the Rates of Export Customs Duties for Raw Oil and Individual Categories of Commodities of Oil Exported from the Territory of the Russian Federation Outside the Member-States of the Customs Union Agreements

Increases the rates of export customs duties for raw oil and individual categories of commodities of oil exported outside the member-states of the Customs Union agreements.

Order of the Ministry of the Industry and Trade of the Russian Federation No. 453 of May 28, 2009 on the Endorsement of the Criteria for the Projects of Technological Modernisation of Russian Motor Industry and Transport Engineering Organisations Permitting to Get Subsidies from the Federal Budget to Reimburse Part of Expenses to Pay Interest under Credits Obtained in 2008-2009 in Russian Credit Organisations, As Well As International Financial Organisations Created in Compliance with International Treaties Where Russia Is a Participant

Russian motor industry and transport engineering organisations having received credits in 2008-2009 for technical modernisation are entitled for reimbursement from the federal budget of the part of expenses to pay the interest.

Direction of the Central Bank of Russia No. 2258-U of July 2, 2009 on the Invalidation of Individual Normative Acts of the Bank of Russia

Increases the registered capital and own resources of the credit organisation in roubles (earlier specified in the rouble equivalent of euro).

Letter of the Federal Tax Service No. ShS-22-3/566@ of July 15, 2009 on the Absence of Duty to Submit to the Tax Bodies Accounting Reports for Organisations Applying the Simplified System of Taxation

Organisations applying the simplified system of taxation must not submit accounting reports to the tax bodies and the latter may not call them to account.

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