Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 31.08.2009

Federal Law No. 217-FZ of August 2, 2009 on the Amendments to Individual Legislative Acts of the Russian Federation on the Issues of Creation by Budget-Supported Scientific and Educational Intrusions of Economic Subjects for the Purposes of Practical Application (Introduction) of Results of Intellectual Activities

Budget-supported scientific and higher educational institutions may create economic subjects for practical introduction of results of intellectual activities.

Decision of the Government of the Russian Federation No. 616 of July 30, 2009 on the Endorsement of the Rate of the Import Customs Duty for Bodies of Individual Types of Transport Vehicles

Introduces on a permanent basis a combined rate of import customs duty for bodies of cars and other motor transport vehicles.

Decision of the Plenum of the Higher Arbitration Court of the Russian Federation No. 57 of July 23, 2009 on the Some Procedural Issues of the Practice of Processing of Cases Pertaining to the Failure to Execute or Improper Execution of Contractual Obligations

Provides explanations to prevent abuse of procedural rights in the cases of failure to execute or improper execution of contacts.

Decision of the Plenum of the Higher Arbitration Court of the Russian Federation No. 54 of July 23, 2009 on Some Issues Arising with Arbitration Courts When They Process Cases of Collection of the Land Tax

Provides explanations on the moment when the person becomes a payer of the land tax, particulars of inclusion of some categories of persons in taxpayers and other issues.

Decision of the Plenum of the Higher Arbitration Court of the Russian Federation No. 59 of July 23, 2009 on Some Issues of the Practice of Application of the Federal Law on Executive Proceedings in Cases of Bankruptcy

Provides recommendations pertaining to disputes on execution of enforcement documents and improvement of enforcement procedures in cases of bankruptcy.

Decision of the Plenum of the Higher Arbitration Court of the Russian Federation No. 58 of July 23, 2009 on Some Issues of Satisfaction of Pledge Holder Claims in Cases of Pledger Bankruptcy

The explanations are stipulated by the changes in the legislation pertaining, in particular, to the procedure of sale of the pledged property of the debtor.

Order of the Ministry of Finance of the Russian Federation No. 67n of July 1, 2009 on the Form of the Application to Conclude the Contract of Obligatory Insurance of Civil Liabilities of Owners of Transport Vehicles, Form of Insurance Policy of Obligatory Insurance of Civil Liabilities of Owners of Transport Vehicles, Form of the Document Containing Information on the Insurance of Civil Liabilities of Owners of Transport Vehicles under the Contract of Obligatory Insurance

From January 1, 2009, part of authority of the Government of the Russian Federation is handed over to the federal bodies of executive power, including the Ministry of Finance of Russia.

Decision of the Plenum of the Higher Arbitration Court of the Russian Federation No. 63 of July 23, 2009 on the Current Payments for Monetary Obligations in the Case of Bankruptcy

According to the explanations, a current payment may only be the one suggesting the use of money as a means of payment, means of redemption of the monetary debt.

Decision of the Plenum of the Higher Arbitration Court of the Russian Federation No. 64 of July 23, 2009 on Some Issues of the Practice of Processing of Disputes over the Rights of Owners of Space in the Common Property of the Building

Explains some unsolved issues arising in disputes over the rights of owners of objects of immovable property (space) or the common property of the building or structure.

Decision of the Plenum of the Higher Arbitration Court of the Russian Federation No. 60 of July 23, 2009 on Some Issues Pursuant to the Adoption of the Federal Law No. 296-FZ of December 30, 2008 on the Amendments to the Federal Law on Insolvency (Bankruptcy)

The amendments changed the legal status of obligations having emerged before the initiation of the case of bankruptcy, as well as the notion of "current payments".

Decision of the Government of the Russian Federation No. 621 of July 30, 2009 on the Endorsement of the Form of the Map (Plan) of the Land Planning Object and Requirements to It

Federal Law No. 66-FZ of May 13, 2008 adjusted the procedure of granting of land plots and land planning works. The layout of the site location on the cadastral plan (map) must be endorsed instead of the boundaries design.

Information of the Central Bank of Russia of August 7, 2009

From August 10, 2009, the rate of refinancing of the Central Bank of Russia is reduced from 11% to 10.75% annual.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-02-07/1-371 of July 20, 2009

If the taxpayer fails to pay the tax, penalty or fine, operations on his accounts may be suspended at the decision of the tax body.

Decision of the Government of the Russian Federation No. 643 of August 5, 2009 on the State Regulation and Control of Tariff Rates, Fees and Payment for the Works (Services) of Subjects of Natural Monopolies in the Sphere of Railway Transportation

Specifies a new procedure of regulation and control of tariff rates, fees and payment for the works (services) of subjects of natural monopolies in the sphere of railway transportation.

Order of the Ministry of Regional Development of the Russian Federation No. 255s of July 3, 2009 on the Forming of the Council of the Ministry of Regional Development of the Russian Federation in Charge of the Interests of Small and Medium-Size Businesses

Creates the Council for the Issues of Small and Medium-Size Businesses under the auspices of the Ministry of Regional Development of Russia.

Decision of the Government of the Russian Federation No. 637 of August 5, 2009 on the Amendment to the List of Goods Subject to Obligatory Certification

Tobacco items are excluded from the list of goods subject to obligatory certification.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-04-06-01/196 of July 29, 2009 on the Standard Tax Exemption for the Income Tax from Natural Persons Granted to Taxpayers Having a Dependent Child (Children)

The standard tax exemption for the income tax from natural persons in the amount of Rbl 1,000 for each month of the tax period applies to each child of the taxpayer supporting the child and being his parent or parent spouse.

Report of the Federal Service of State Statistics of July 9, 2009 on the Index of Consumer Prices in June 2009

In June 2009, the index of consumer prices amounted to 100.6% (as in May 2009), and from the year beginning, to 107.4% (in June 2008, 101%).

Letter of the Supreme Court of the Russian Federation No. 8/obsh 1936 of July 20, 2009

Loan contracts concluded by credit organisations with citizens may contain a prerequisite to process disputes at the place of location of the credit organisation.

Decision of the Government of the Russian Federation No. 654 of August 8, 2009 on the Improvement of the State Regulation of Prices for the Vital and Most Important Medicines

Amends decisions of the Government of the Russian Federation to improve the state regulation of prices for the vital and most important medicines.

Decision of the Government of the Russian Federation No. 653 of August 8, 2009 on the Amendments to the Rules of Obligatory Insurance of Civil Liabilities of Owners of Transport Vehicles

From January 1, 2009, some authority of the Government of the Russian Federation is handed over to the federal bodies of executive power, including the Ministry of Finance of Russia.

Decision of the Government of the Russian Federation No. 649 of August 8, 2009 on the Amendments to Some Acts of the Government of the Russian Federation

Official abbreviated names of a number of federal agencies and federal services are introduced in the regulations on these state bodies.

Direction of the Central Bank of Russia No. 2254-U of June 26, 2009 on the Amendments to the Instruction of the Bank of Russia No. 110-I of January 16, 2004 on the Obligatory Normatives of Banks

Refines some requirements to obligatory normatives of banks.

Program of Anticrisis Measures of the Government of the Russian Federation for the Year 2009 (Endorsed by the Government of the Russian Federation on June 19, 2009)

Endorses the program of further anticrisis measures of the Government of the Russian Federation for the year 2009.

Order of the Ministry of Finance of the Russian Federation No. 58n of June 22, 2009 on the Endorsement of the Form of the Tax Declaration for the Tax Paid When Applying the Simplified System of Taxation and Its Filling Procedure

Endorses a new form of the tax declaration for the above tax and its filling procedure pursuant to the introduction of amendments to the Tax Code of the Russian Federation.

Order of the Ministry of Finance of the Russian Federation No. 57n of June 22, 2009 on the Endorsement of the Form of the Tax Declaration for the Uniform Agricultural Tax and Its Filling Procedure

Introduces new forms of the tax declaration for the uniform agricultural tax and its filling procedure.

Letter of the Federal Tax Service No. ShS-22-3/647@ of August 18, 2009 on the Information Necessary for the Calculation of the Tax on Extraction of Mineral Resources for Oil for July 2009

Provides information for the calculation of the tax on extraction of mineral resources for oil for July 2009.

Decision of the Government of the Russian Federation No. 663 of August 12, 2009 on Some Issues to Provide for the Interests of the Russian Federation As a Creditor in a Bankruptcy Case and in the Procedures Applied in Bankruptcy Cases

Adjusts the Regulation on the procedure to put forwards the claims in obligations to the Russian Federation in bankruptcy cases and in bankruptcy proceedings.

Order of the Ministry of Finance of the Russian Federation No. 69n of July 3, 2009 on the Amendments to the Instruction on the Budget Accounting Work Endorsed by the Order of the Ministry of Finance of the Russian Federation No. 148n of December 30, 2008

Refines the above Instruction.

Direction of the Central Bank of Russia No. 2255-U of July 1, 2009 on the Rules of Registration and Storage of Ingots of Precious Metals in Credit Organisations on the Territory of the Russian Federation

The ingots must meet Russian and international standards.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-01-15/7-327 of July 9, 2009

The norms of the Federal Law on the Protection of Rights of Legal Entities and Entrepreneurs in the Course of State Control (Enforcement), Municipal Control do not apply to the measures of financial control and financial and budget enforcement.

Letter of the Federal Tax Service No. ShS-22-3/634@ of August 12, 2009 on the Procedure of Drawing up of Invoices by Tax Agents

Provides explanations for tax agents in view of the changes of the rules of keeping of ledgers of received and issued invoices, ledgers of purchase and ledgers of sales in VAT estimates.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-04-06-01/208 of August 12, 2009

Compensation to the head of organisation in the amount of three average monthly earnings paid out in the case of dismissal is exempted from the uniform social tax and the income tax from natural persons.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-01-15/8-409 of August 11, 2009

Explains the procedure of registration of cash registers installed in payment terminals (cash dispensers).

Decision of the Government of the Russian Federation No. 679 of August 20, 2009 on the Endorsement of the Rates of Import Customs Duties for Individual Types of Spare Parts, Units and Equipment for Air Vessels, As Well As for Aircraft Simulators

Endorses on the permanent basis the rates of import customs duties for some types of spare parts, units and equipment for air vessels, as well as for aircraft simulators.

Decision of the Government of the Russian Federation No. 688 of August 20, 2009 on the Endorsement of the Rules of Fixing of Boundaries of Land Planning Objects on the Terrain

The boundaries of land planning objects are fixed on the terrain using coordinates of characteristic points of such boundaries information of which is available in the State Cadastre of Immovable Property.

Decision of the Government of the Russian Federation No. 687 of August 20, 2009 on the Endorsement of the List of Tobacco Items Requiring Obligatory Confirmation of Compliance When Placed under the Customs Regimes Envisaging Opportunities of Alienation or Use of These Products for Their Designated Purposes on the Customs Territory of the Russian Federation

The Technical Regulation for tobacco items is entered into force from December 26, 2009.

Decision of the Government of the Russian Federation No. 674 of August 19, 2009 on the Endorsement of the Rules of Expert Evaluation of the System Project of Communication Network

Regulates the procedure of obligatory expert evaluation of the system project of the communication network forming part of the public-use communication network.

Order of the Federal Service for Financial Markets No. 103 of May 8, 2009 on the Endorsement of the Recommendations to Work out the Criteria to Reveal and Determine the Signs of Unusual Transactions

Works out new criteria of revealing of signs of unusual transactions.

Decision of the Government of the Russian Federation No. 689 of August 20, 2009 on the Endorsement of the Rules of Accreditation of Citizens and Organisations Attracted by the Bodies of State Control (Enforcement) and the Bodies of Municipal Control to Control Measures

To carry out the checks, control (enforcement) bodies have to attract experts and expert organisations if necessary.

Decision of the Government of the Russian Federation No. 675 of August 19, 2009 on the Amendments to the Decisions of the Government of the Russian Federation No. 24 of January 14, 2009 and No. 262 of March 30, 2009

Russian motor industry and transport engineering organisations get reimbursed their expenses to pay the interest under credits obtained in 2008-2009 for technological modernisation.

Decision of the Government of the Russian Federation No. 697 of August 24, 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.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-04-05-01/639 of August 18, 2009 on the Standard Tax Exemption for the Income Tax from Natural Persons in Double Amount Granted to Taxpayers with a Dependent Child (Children)

The tax exemption in double amount is granted to the sole parent. It does not apply if the second parent is deprived of the parental rights.

Decision of the Government of the Russian Federation No. 696 of August 21, 2009 on the Endorsement of the Rates of Import Customs Duties for Individual Types of Goods of Medical Destination

Introduces on the permanent basis the zero rates of import customs duties or individual types of goods of medical destination.

Decision of the Government of the Russian Federation No. 664 of August 19, 2009 on the Prolongation of the Rates of Import Customs Duties for Plasma Modules (Screens) and Liquid Crystal Devices

Prolongs for 9 months more from August 19, 2009 the zero rates of import customs duties for plasma and liquid crystal modules (screens) for TV receivers.

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