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 29.07.2010

Federal Law No. 224-FZ of July 27, 2010 on the Combating of Illegal Use of Insider Information and Market Manipulation and on the Amendments to Individual Legislative Acts of the Russian Federation

Refines market mechanisms.

Federal Law No. 221-FZ of July 27, 2010 on the Amendments to the Federal Law on Communication

Extends the list of duties of communication operators providing broadcasting services.

Federal Law No. 220-FZ of July 27, 2010 on the National Research Centre Kurchatov Institute

Specifies the particulars of creation, legal status and procedure of financial support of the nation research centre Kurchatov Institute.

Federal Law No. 219-FZ of July 27, 2010 on the Amendments to the Federal Law on Insolvency (Bankruptcy) and Articles 1 and 4 of the Federal Law on the Amendments to the Federal Law on Insolvency (Bankruptcy)

Refines the status of the enforcement body and abandons the function of control of bankruptcy commissioners.

Federal Law No. 218-FZ of July 27, 2010 on the Amendments to Article 9 of the Federal Law on the Amendments to Some of the Legislative Acts of the Russian Federation Pursuant to the Improvement of the Procedure of Vindication of Pledged Property

Refines the purchase of stocks in joint-stock companies.

Federal Law No. 217-FZ of July 27, 2010 on the Amendments to Article 170 of Part 2 of the Tax Code of the Russian Federation

The amendments provide VAT exemptions for Russian air companies participating in UN peacekeeping and humanitarian programs.

Federal Law No. 214-FZ of July 27, 2010 on the Amendments to the Federal Law on the Lotteries

Prohibits the use of mechanical, electric, electronic or other technical devices to determine awards in promotional lotteries.

Federal Law No. 213-FZ of July 27, 2010 on the Amendments to the Federal Law on the Bailiff Service and Article 64 of the Federal Law on Executive Proceedings in the Issues of Providing Personal Information to the Bailiff Service

Refines the above procedure.

Federal Law No. 211-FZ of July 27, 2010 on the Reorganisation of the Russian Corporation of Nanotechnologies

Specifies the above procedure.

Federal Law No. 210-FZ of July 27, 2010 on the Organisation of Work to Provide State and Municipal Services

Refines the above procedures through the use of electronic means in particular.

Federal Law No. 209-FZ of July 27, 2010 on the Amendments to Article 16 of the Federal Law on the Accounting Work

Annual accounting reports must be published before July 1 of subsequent year.

Federal Law No. 208-FZ of July 27, 2010 on the Consolidated Financial Reports

Regulates the procedure of drawing up and submission of consolidated financial reports.

Federal Law No. 207-FZ of July 27, 2010 on the Amendments to Chapter 23 of Part 2 of the Tax Code of the Russian Federation

Provides exemption from the income tax from natural persons for the incomes from placing personal savings in consumer credit cooperatives.

Federal Law No. 203-FZ of July 27, 2010 on the Amendments to Individual Legislative Act of the Russian Federation

Refines the procedure of implementation of the measures of social support to employees engaged in hazardous works.

Federal Law No. 201-FZ of July 27, 2010 on the Ratification of the Agreement on the Promotion and Mutual Protection of Investments in the Member-States of the Eurasia Economic Community

Ratifies the above agreement.

Federal Law No. 200-FZ of July 27, 2010 on the Ratification of the Agreement between the Government of the Russian Federation and the Government of Turkmenistan on the Promotion and Mutual Protection of Investments

Ratifies the above agreement.

Federal Law No. 199-FZ of July 27, 2010 on the Amendments to the Articles of the Agreement of the International Monetary Fund Approved by the Resolutions of the Board of Governors of the International Monetary Fund No. 63-2 of April 28, 2008 and No. 63-3 of May 5, 2008

Refines distribution of quotas and votes, extends investment powers, permits to sell gold reserves.

Federal Law No. 197-FZ of July 27, 2010 on the Amendments to Individual Legislative Acts of the Russian Federation in the Area of Combating of Legalisation (Laundering) of Incomes Obtained in a Criminal Way and Financing of Terrorism

Introduces amendments to the Criminal Code of the Russian Federation and the laws on terrorism and on the combating of legalisation (laundering) of incomes obtained in a criminal way and financing of terrorism.

Federal Law No. 195-FZ of July 27, 2010 on the Amendments to Individual Legislative Acts of the Russian Federation Pertaining to Transportation Safety

Introduces amendments to the Criminal Code of the Russian Federation, Code of Criminal Procedures and the Code of Administrative Violations of the Russian Federation.

Federal Law No. 194-FZ of July 27, 2010 on the Amendments to Individual Legislative Acts of the Russian Federation Pursuant to the Adoption of the Federal Law on the Alternative Procedure of Solving of Disputes through a Mediator (Mediation Procedure)

Introduces a mediation procedure from 2011 to solve civil, family and labour relations.

Federal Law No. 193-FZ of July 27, 2010 on the Alternative Procedure of Solving of Disputes through a Mediator (Mediation Procedure)

Introduces a mediation procedure from 2011 to solve civil, family and labour relations.

Federal Law No. 192-FZ of July 27, 2010 on the Amendments to Individual Legislative Acts of the Russian Federation Improving Affordability of Medical Support to Residents of Rural Settlements

Permits to sell medicines in medical institutions.

Decision of the Government of the Russian Federation No. 550 of July 26, 2010 on the Amendments to Item 5 of the Rules of Pre-Trial Processing of Disputes Pertaining to the Fixing and Application of Prices (Tariff Rates) Regulated under the Federal Law on Natural Monopolies

Amends the above procedures.

Decision of the Government of the Russian Federation No. 548 of July 26, 2010 on the Amendments to the Joint List of Products Subject to Obligatory Certification

Adjusts the above list.

Decision of the Government of the Russian Federation No. 547 of July 26, 2010 on the Amendments to the Rules of Transfer of Pension Savings to Finance the Accumulated Part of the Labour Pension from One Non-State Pension Fund to Another Non-State Pension Fund or from a Non-State Pension Fund to the Pension Fund of the Russian Federation and of Determination of Their Cost

The amendments are stipulated by the changes in the legislation on the non-state pension funds.

Decision of the Government of the Russian Federation No. 524 of July 15, 2010 on the Endorsement of the Technical Regulation on the Safety of the Railway Rolling Stock

Endorses the above technical regulation.

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