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 23.06.2010

Decision of the Government of the Russian Federation No. 457 of June 21, 2010 on Endorsing the Additional Indexation Coefficient for Social Pensions to Be Applied as from July 1, 2010

Social pensions are indexed on an annual basis for taking into account advance in prices of goods and services in the previous year. Starting from July 1, 2010, the indexation coefficient shall be equal to 1.0341. The decision shall enter into effect as from the cited date

Order of the Government of the Russian Federation No. 967-r of June 10, 2010

A number of organisations making operations in monetary assets or other property are bound to exercise internal control. The purpose of it lies in opposition to legalization (laundering) of incomes derived in a criminal way and to financing of terrorism. The order establishes a uniform approach to the development of internal control rules. It shall be applied by the cited organisations, except for credit ones. Professional participants of the securities market, insurance and leasing companies, federal postal communication organisations, pawnshops, operators engaged in receiving payments, realtor agencies and some other ones are meant here. The internal control rules contain a procedure for documentary recording of required information and for keeping it confidential. They consolidate the qualification requirements for the personnel training. It also establishes the criteria for detecting, and signs of, unusual transactions subject to the specifics of the activities exercised by an organization. A special official shall be held liable for observance of internal control rules. He/she shall head the appropriate structural unit of an organisation. Such official|s functions, powers and duties shall be defined in the internal control rules. The order also contains a list of internal control programmes and describes their content.

Order of the Ministry of Transport of the Russian Federation No. 117 of May 18, 2010 on Amending Order of the Ministry of Transport of the Russian Federation No. 134 of November 8, 2006

The Air code of the Russian Federation provides for the following. If an electronic carriage document is used, a passenger is entitled to receive an attested extract from the automated information system of air carriage registration. In connection with this, the order of the Ministry of Transport of the Russian Federation establishing the form of an electronic air passenger ticket and baggage-check has been amended. In particular, it is specified that the itinerary slip is an extract from the cited system. The itinerary slip is classified as a strict accountability document The order provides for a uniform list of carriage data to be contained in the itinerary slip (extract), electronic flight, check and agency air ticket portions. Earlier it was not obligatory to show some data in these portions. Information about a passenger, tariff and its equivalent (where it is applied), the total cost of carriage, form of payment etc. are meant here. It is defined what the unique number of an electronic air ticket consists of. The order is registered by the Ministry of Justice of the Russian Federation on June 9, 2010 under registration No. 17533.

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