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 3.11.2009

Federal Law No. 243-FZ of October 30, 2009 on the Amendments to Article 32.1 of the Law of the Russian Federation on the Organisation of Insurance Activities in the Russian Federation

The amendments alleviate qualification requirements to the head and chief accountant of the mutual insurance company.

Federal Law No. 242-FZ of October 30, 2009 on the Amendment to Article 373 of Part 2 of the Tax Code of the Russian Federation

Lifts the duty to submit estimates and declarations for the property tax from organisations in the absence of the object of taxation.

Federal Law No. 239-FZ of October 30, 2009 on the Amendment to Article 23 of the Federal Law on the Peasant (Farmer) Company

The time limit for re-registration of peasant (farmer) companies with a status of a legal entity is extended until January 1, 2013.

Decree of the President of the Russian Federation No. 1232 of October 31, 2009 on the Amendments to the Regulation on the Federal Migration Service Endorsed by the Decree of the President of the Russian Federation No. 928 of July 19, 2004

Extends the sphere of reference of the Federal Migration Service of Russia because of the amendments to the law on the legal status of foreign citizens in Russia.

Decision of the Government of the Russian Federation No. 860 of October 29, 2009 on the Requirements to the Outfit of Public-Use Highways with Highway Service Objects Located within the Alienation Zone

Public-use highways of federal, regional, inter-municipal and local significance have different outfit requirements.

Decision of the Government of the Russian Federation No. 855 of October 29, 2009 on the Amendment to the Rules of Granting Subsidies from the Federal Budget in 2009 to Russian Credit Organisations to Reimburse Shortfall in Income for the Credits Granted by Russian Credit Organisations in 2009 to Natural Persons for the Purchase of Cars

Russian banks granting credits for the purchase of a home-made car up to Rbl 600,000 get subsidies to compensate the shortfall in income.

Decision of the Government of the Russian Federation No. 853 of October 29, 2009 on the Endorsement of the Rules for the Banks to Send a Proposal to Participate in the Procedure of Increasing of Capitalisation and Adoption of the Decision to Satisfy (Refuse to Satisfy) the Bank Proposal to Participate in the Procedure of Increasing of Capitalisation

The state may take measures to increase capitalisation of joint-stock banks by exchange of the bonds of the federal loan for the preference stocks of these banks.

Decision of the Government of the Russian Federation No. 846 of October 28, 2009 on the Endorsement of the Rules of Investigation of the Reasons of Accidents in the Power-Supply Industry

Regulates the procedure of investigation of the reasons of accidents in the power-supply industry except for the accidents at nuclear power stations.

Order of the Ministry of Economic Development of the Russian Federation No. 428 of October 26, 2009 on the Endorsement of the Procedure of Selection of Electronic Sites for the Purpose of Open Auctions in the Electronic Form

From July 1, 2009, open auctions for the state and municipal contracts may be arranged in the Internet.

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