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 1.06.2010

Federal Law No. 109-FZ of May 31, 2010 on the Amendments to Article 12 and 14 of the Federal Law on the Licensing of Individual Types of Activities

Adjusts the law on the licensing of individual types of activities.

Federal Law No. 108-FZ of May 31, 2010 on the Amendments to the Code of Administrative Violations of the Russian Federation

The amendments provide for the implementation of the law on the access to information on activities of the state and municipal bodies having entered into force from January 1, 2010.

Federal Law No. 107-FZ of May 31, 2010 on the Amendments to the Federal Law on the Russian Corporation of Nanotechnologies and Article 17 of the Federal Law on the State Corporation of Nuclear Power Rosatom

Adjusts the laws on the two state corporations.

Federal Law No. 106-FZ of May 31, 2010 on the Amendments to the Federal Law on the Privatisation of the State and Municipal Property

Introduces a number of amendments to the law on the privatisation of the state and municipal property.

Federal Law No. 104-FZ of May 31, 2010 on the Ratification of the Treaty between the Russian Federation and the Socialist Republic of Vietnam on the Legal Aid and Legal Relations in Civil and Criminal Cases and the Protocol to the Treaty between the Russian Federation and the Socialist Republic of Vietnam on the Legal Aid and Legal Relations in Civil and Criminal Cases of August 25, 1998

Ratifies the treaty between Russia and Vietnam signed in Moscow on August 25, 1998.

Decision of the Constitutional Court of the Russian Federation No. 11-P of May 25, 2010 on the case of Constitutionality of Paragraph 10 of Article 2 of the Law of the Russian Federation on the Employment of Population in the Russian Federation Pursuant to the Appeal of Citizen N.I.Gushchin

The case challenged the norm recognising the founders (participants) of organisations as employed and, therefore, not begin able to get the unemployment allowance.

Information of the Central Bank of Russia of May 31, 2010 on the Reduction of the Rate of Refinancing and the Interest Rates for Individual Operations of the Bank of Russia.

From June 1, 2010, the rate of refinancing will be reduced from 8% to 7.75%.

Letter of the Ministry of Regional Development of the Russian Federation No. 22030-VT/08 of May 26, 2010 ~Indices of Change of the Estimated Cost of Construction and Installation Works, Indices of Change of the Estimated Cost of Design and Survey Works, Indices of Change of the Estimated Cost of Other Works and Expenses, As Well As the Indices of Change of the Estimated Cost of Equipment Recommended for Application in the II Quarter of 2010~

Provides the above indices.

Information Letter of the Presidium of the Higher Arbitration Court of the Russian Federation No. 139 of May 11, 2010 on the Amendments to Information Letters of the Presidium of the Higher Arbitration Court of the Russian Federation No. 91 of May 25, 2005 on Some Issues of Application by Arbitration Courts of Chapter 25.3 of the Tax Code of the Russian Federation and No. 117 of March 13, 2007 on Individual Issues of the Practice of Application of Chapter 25.3 of the Tax Code of the Russian Federation

Revises explanations on the issues of payment of the state duty pursuant to the introduction of amendments to the Tax Code of the Russian Federation.

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