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 7.08.2009

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.

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