Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 3.12.2009

Federal Law No. 309-FZ of December 2, 2009 on the Amendments to the Federal Law on the Federal Budget for the Year 2009 and for the Planned Period of 2010 and 2011

The Government of the Russian Federation is permitted to allocate resources envisaged for the increase of capitalisation of banks also to implement measures of support of financial market, labour market and industries, measures of social policies.

Federal Law No. 308-FZ of December 2, 2009 on the Federal Budget for the Year 2010 and for the Planned Period of 2011 and 2012

The total volume of incomes of the federal budget for the year 2010 is planned at the level of Rbl 6,950 billion, for the year 2011 - Rbl 7,456 billion, for the year 2012 - Rbl 8,070 billion. The volume of expenses for these years will make Rbl 9,887, Rbl 9,390 and Rbl 9,681 respectively.

Decision of the Government of the Russian Federation No. 960 of November 28, 2009 on the Amendments to the List of Technological Equipment (Including Component and Spare Parts for It) the Analogues of Which Are Not Produced in the Russian Federation and Exempted from the Value Added Tax in the Cases of Import to the Customs Territory of the Russian Federation

Refines the list of equipment that is not produced in Russia and exempted from VAT at import.

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