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 9.09.2009

Decision of the Government of the Russian Federation No. 717 of September 2, 2009 on the Norms of Alienation of Lands for Highways and/or Objects of Highway Services

Specifies the norms of alienation of lands for highways and/or objects of highway services.

Order of the Ministry of Justice of the Russian Federation No. 241 of August 3, 2009 on the Amendments to the Order of the Ministry of Justice of the Russian Federation No. 256 of December 27, 2007

In the absence of the notary, the notary actions may be committed by the head of the local administration or the specially authorised official.

Order of the Ministry of Transport of the Russian Federation No. 128 of July 31, 2009 on the Endorsement of the Federal Aviation Rules "Preparation and Carrying out the Flights in the Civil Aviation in the Russian Federation"

Endorses the new Federal Aviation Rules "Preparation and Carrying out the Flights in the Civil Aviation of the Russian Federation".

Order of the Federal Service for Financial Markets No. 09-27/pz-n of July 16, 2009 on the Amendments to Some Orders of the Federal Service for Financial Markets

Adjusts the procedure of calculation of the estimated cost of bonds forming the assets of the joint-stock or shared investment fund.

Order of the Ministry of Regional Development of the Russian Federation No. 254 of July 3, 2009 on the Endorsement of the Form of the Application for Participation in the Selection of Projects of State Significance Enjoying Budget Allocations of the Investment Fund of the Russian Federation and Its Filling Methodology Recommendations

An investment fund is formed in the structure of the federal budget to manage the projects of development of infrastructure of state significance.

Order of the Ministry of Internal Affairs and the Federal Tax Service No. 495/MM-7-2-347 of June 30, 2009 on the Endorsement of the Procedure of Interaction of the Bodies of Internal Affairs and the Tax Bodies in Prevention, Revealing and Stopping Tax Violations and Crimes

Adjusts the procedure of interaction of the bodies of internal affairs and the tax bodies in the course of organisation and carrying out of on-site tax checks.

Order of the Ministry for Emergency Situations of the Russian Federation No. 305 of May 19, 2009 on the Endorsement of the Administrative Regulation of the Ministry of the Russian Federation for Civil Defence, Emergency Situations and Elimination of Consequences of Natural Disasters on the Execution of the State Function of Enforcement in the Internal Waters and the Territorial Sea of the Russian Federation of the Use of Small Vessels and Their Anchorage Bases (Structures)

Enforcement of implementation by natural persons and legal entities of the requirements of use of small vessels and their anchorage bases (structures) is vested in the Ministry for Emergency Situations of Russia.

Letter of the Federal Tax Service No. ShS-22-3/684@ of September 1, 2009 on the Procedure of Calculation of the Limiting Amount of Incomes Restricting the Use of the Simplified System of Taxation in 2009

The taxpayer looses the right for the application of the simplified system of taxation if at the end of the tax period his incomes exceed Rbl 20 million.

Letter of the Department of the Tax and Customs Tariff Policy of the Ministry of Finance of the Russian Federation No. 03-11-11/169 of August 24, 2009

Organisations and private enterprises may switch over to the simplified system of taxation if their incomes are not greater than Rbl 15 million at the end of 9 months of the year when the appropriate application is submitted.

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