Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 28.12.2009

Federal Law No. 374-FZ of December 27, 2009 on the Amendments to Article 45 of Part 1 and Chapter 25.3 of Part 2 of the Tax Code of the Russian Federation and Individual Legislative Acts of the Russian Federation, As Well As on the Invalidation of the Federal Law on the Fees for the Issuance of Licenses for the Types of Activities Pertaining to Production and Circulation of Ethyl Alcohol, Alcoholic and Alcohol-Containing Products

Refines the list and amounts of the state duty for committing legally significant actions.

Federal Law No. 371-FZ of December 27, 2009 on the Ratification of the Agreement between the Government of the Russian Federation and the Government of Mongolia on the Activities of the Russian-Mongolian Limited-Liability Company Mongolrostsvetmet

The agreement is expected to create a more efficient production through introduction of advanced technologies.

Federal Law No. 369-FZ of December 27, 2009 on the Ratification of the Agreement between the Russian Federation and the Republic of Belarus on the Joint Protection of the Outer Border of the Union State in the Air and on the Creation of the Joint Regional Air Defence System of the Russian Federation and the Republic of Belarus

The agreement was signed in Moscow on February 3, 2009.

Federal Law No. 368-FZ of December 27, 2009 on the Amendments to Part 2 of the Tax Code of the Russian Federation and the Federal Law on the Amendments to Chapters 23 and 25 of Part 2 of the Tax Code of the Russian Federation and on the Invalidation of Individual Provisions of the Federal Law on the Amendments to Part 1, Part 2 of the Tax Code of the Russian Federation and Individual Legislative Acts of the Russian Federation and on the Invalidation of Individual Provisions of the Legislative Acts of the Russian Federation

Suggests new procedures of accounting work for profit taxation purposes from January 1 to June 30, 2010.

Federal Law No. 349-FZ of December 27, 2009 on the Ratification of the Treaty of the Member-States of the Commonwealth of Independent States on the Combating of Legalisation (Laundering) of Criminal Incomes and Financing of Terrorism

The treaty was signed in Dushanbe on October 5, 2007.

Federal Law No. 348-FZ of December 27, 2009 on the Amendment to Article 7 of the Federal Law on the Amendments to Individual Legislative Acts of the Russian Federation in View of the Additional Authority Vested in the State Corporation of Assistance of Development, Production and Export of Hi-Tech Industrial Products Rostekhnologii and the Forming of Its Property

According to the law on joint-stock companies, the person buying more than 30% of the total number of stocks must send an offer to the rest of stock-holders to buy out their stocks. This rule does not apply in the case of state corporations to form the property at the expense of Russia.

Federal Law No. 347-FZ of December 27, 2009 ~Technical Regulation on the Safety of Low-Voltage Equipment~

The technical regulation contain obligatory requirements to low-voltage equipment produced in Russia.

Federal Law No. 344-FZ of December 27, 2009 on the Amendments to Article 27 of the Federal Law on the Obligatory Insurance of Civil Liabilities of Owners of Transport Vehicles

Two reserves are formed by the Professional Association of Insurers.

Federal Law No. 343-FZ of December 27, 2009 on the Amendments to the Federal Law on the Assistance of Development of the Housing Construction and Individual Legislative Acts of the Russian Federation

Improves activities of the Federal Fund of Assistance of Development of the Housing Construction.

Federal Law No. 342-FZ of December 27, 2009 on the Amendments to Articles 2 and 3 of the Federal Law on the Entry into Force of the Land Code of the Russian Federation and Article 7 of the Federal Law on the Amendments to the Legislative Acts of the Russian Federation Refining the Conditions and Procedure of Purchase of Rights for the Land Plots Available in the State or Municipal Property

Extends until January 1, 2012 the time limit for the purchase of state or municipal land plots at the prices fixed by the regions.

Federal Law No. 340-FZ of December 25, 2009 on the Amendments to the Federal Law on the Special Economic Zones in the Russian Federation and Individual Legislative Acts of the Russian Federation

Improves the mechanism of creation and functioning of special economic zones.

Decision of the Government of the Russian Federation No. 1083 of December 24, 2009 on the Amendments to Some Decisions of the Government of the Russian Federation

Revises the amount of assets of financial organisations requiring to obtain a preliminary consent of the anti-monopoly body.

Decision of the Government of the Russian Federation No. 1082 of December 24, 2009 on the Endorsement of the Technical Regulation on the Safety of Pyrotechnic Compounds and Items Containing Them

Specifies the requirements to the safety of pyrotechnic items.

Decision of the Government of the Russian Federation No. 1045 of December 21, 2009 on the Amendments to the Acts of the Government of the Russian Federation Pursuant to the Introduction of the Particulars of Functioning of the Wholesale Market of Electric Power in the Transient Period and Price Forming for the Services of Transfer of Electric Power over the Joint National (All-Russia) Electric Network

Introduces a separate mechanism of trade at the wholesale market for the electric energy and power in the transient period.

Order of the Ministry of Economic Development of the Russian Federation No. 447 of November 3, 2009 on the Endorsement of the Form of the Declaration on the Object of Immovable Property

Registration of the proprietary right for some objects requires only a document conforming the fact of creation and the document of title for the land plot.

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