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 27.11.2009

Federal Law No. 281-FZ of November 25, 2009 on the Amendments to Parts 1 and 2 of the Tax Code of the Russian Federation and Individual Legal Acts of the Russian Federation

The amendments pertain to the calculation of the value added tax, income tax from natural persons and the profit tax for operations with financial instruments of futures transactions (derivates) and for REPO operations.

Federal Law No. 280-FZ of November 25, 2009 on the Amendment to Article 4 of the Federal Law on the Amendments to Article 11 of the Federal Law on the Insurance of Deposits of Natural Persons in the Banks of the Russian Federation and Some Other Legislative Acts of the Russian Federation

Prolongs until December 31, 2010 the authority of the Bank of Russia to restrict the rates for deposits.

Federal Law No. 279-FZ of November 25, 2009 on the Amendment to Article 3 of the Federal Law on the Additional Measures of Support of the Financial System of the Russian Federation

Prolongs for one year the mechanism of compensation to banks of losses in individual transactions at the interbank market.

Federal Law No. 275-FZ of November 25, 2009 on the Amendments to Articles 346.5 and 346.6 of Part 2 of the Tax Code of the Russian Federation

The amendments refine the list of expenses taken into account in the determination of the taxable base for the uniform agricultural tax.

Federal Law No. 273-FZ of November 25, 2009 on the Amendments to Article 3.2 of the Federal Law on the Entry into Force of the City Planning Code of the Russian Federation and Individual Legislative Acts of the Russian Federation

Terminates from January 1, 2010 licenses for construction activities.

Federal Law No. 266-FZ of November 25, 2009 on the Amendments to the Federal Law on the Personal Information in the Issues of Implementation of International Treaties of the Russian Federation on the Readmission

Removes legal gaps in the issues of Russia|s obligations in the framework of international treaties on readmission.

Federal Law No. 262-FZ of November 25, 2009 on the Ratification of the Agreement between the Government of the Russian Federation and the Government of the Republic of Korea on the Simplification of the Procedure of Issuance of Visas in the Cases of Short-Term Mutual Trips of Citizens

Ratifies the Russian-Korean agreement signed in Moscow on September 29, 2008.

Decision of the Government of the Russian Federation No. 954 of November 26, 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 it exported outside the member-states of the Customs Unions agreements.

Decision of the Government of the Russian Federation No. 953 of November 24, 2009 on the Access to Information on the Work of the Government of the Russian Federation and the Federal Bodies of Executive Power

Endorses a new list of information on the work of the Government of the Russian Federation that must be placed in the Internet on the obligatory basis.

Order of the Government of the Russian Federation No. 1715-r of November 13, 2009

Endorses the Power-Supply Strategy of Russia until 3020.

Order of the Federal Service for Financial Markets No. 09-257/pz of October 20, 2009 on the Amendments to the Composition of Information on the Work of the Federal Service for Financial Markets of Russia Placed on the Internet Site of the Federal Service for Financial Markets of Russia Endorsed by the Order of the Federal Service for Financial Markets of Russia No. 07-247/pz of December 13, 2007

Adjusts the composition of the information on the work of the Federal Service for Financial Markets of Russia placed in the Internet.

Order of the Ministry of Transport of the Russian Federation No. 137 of August 19, 2009 on the Endorsement of the Procedure of Closing of Public-Use Railways, Including the Low-Intensity Lines and Parts Thereof

The Ministry of Transport of Russia specifies the above procedure in their sphere of reference.

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