Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 9.11.2010

Federal Law No. 293-FZ of November 8, 2010 on the Amendments to Individual Legislative Acts of the Russian Federation Improving Control and Enforcement Functions and Optimising Provided State Services in the Area of Education

The amendments pertain to educational activities.

Order of the Federal Security Service of the Russian Federation No. 507 of October 16, 2010 on the Monetary Awards to Persons Rendering Assistance in Revealing, Prevention, Stopping, Investigation of a Terrorist Act, Revealing and Arresting Persons Preparing, Committing or Having Committed Such Act

Introduces monetary awards to persons providing the above assistance.

Order of the Federal Tax Service No. MMV-7-8/499@ of October 13, 2010 on the Amendments to the Forms of Documents Used by Tax Bodies When Collecting Debts in Obligatory Payments to the Budget System of the Russian Federation Endorsed by the Order of the Federal Tax Service No. MM-3-19/293@ of May 14, 2007

Tax bodies may collect interest at the expense of the property or monetary resources on taxpayer accounts in banks.

Order of the Ministry of Finance of the Russian Federation No. 120n of October 4, 2010 on the Amendments to the Order of the Ministry of Finance of the Russian Federation No. 75n of September 4, 2007

Adjusts the procedure of control of use of resources of the federal budget and state extra-budgetary funds.

Decision of the Commission of the Customs Union No. 436 of October 14, 2010 on the Amendments to the Joint Customs Tariff of the Customs Union for Raw Oil

Changes the classification code of oil produced in the north of Caspian Sea permitting to export it with a discount rate.

Letter of the Ministry of Finance of the Russian Federation No. 03-11-09/95 of October 29, 2010

Explains the procedure of registration of the cost of goods purchased for further sale for taxpayers using the simplified system of taxation.

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