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 16.11.2010

Federal Law No. 300-FZ of November 15, 2010 on the Amendments to Chapter 25 of Part 2 of the Tax Code of the Russian Federation

Refines the procedure of taxation of profits of insurers of in the cases of obligatory insurance of civil liabilities of owners of transport vehicles.

Decision of the Government of the Russian Federation No. 893 of November 12, 2010 on the Rate of the Export Customs Duty for Copper Cathodes Exported from the Territory of the Russian Federation Outside the Member-States of the Customs Union Agreements

Increases the rate of duty for copper cathodes and sections thereof to make 10% of the customs cost.

Decision of the Government of ht Russian Federation No. 887 of November 11, 2010 on the Procedure of Creation and Functioning of the System of State Information Support in the Area of Trade Activities in the Russian Federation

Specifies the above procedure.

Order of the Ministry of Economic Development of the Russian Federation No. 519 of October 27, 2010 on the Deflator Coefficient K1 for the Year 2011

Specifies the deflator coefficient K1 for the calculation of the taxable base for the uniform imputed income tax for 2011 to make 1.372.

Order of the Federal Migration Service No. 343 of October 14, 2010 on the Amendments to the Administrative Regulation on the State Service of Issuance of the Residence Permit to Foreign Citizens and Stateless Persons Provided by the Federal Migration Service, Endorsed by the Order of the Federal Migration Service of Russia No. 41 of February 29, 2008

Skilled foreign specialists enjoy certain preferences from July 1, 2010.

Order of the Ministry of Finance of the Russian Federation No. 117n of August 30, 2010 on the Endorsement of the Particulars of Registration in the Tax Bodies of Foreign Organisations Not Being Investors under the Production Sharing Agreement or Operators of the Agreement

Introduces new particulars of registration for taxation purposes and removal from records for foreign organisations (except for investors and operators under production sharing agreements).

Order of the Ministry of Finance of the Russian Federation No. 90n of August 17, 2010 on the Endorsement of the Federal Standards of Audit Activities

According to the new standards, unfair actions are those committed to produce illegal benefits having resulted in significant offences in accounting reports.

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