Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 10.12.2010

Federal Law No. 350-FZ of December 9, 2010 on the Amendments to Article 12 of the Federal Law on the Obligatory Social Insurance against Industrial Accidents and Occupational Diseases

The earnings used to assign the monthly insurance payment are increased taking into account the indexing coefficients.

Federal Law No. 348-FZ of December 8, 2010 on the Amendments to the Federal Law on the Obligatory Social Insurance against Industrial Accidents and Occupational Diseases

Refines the notions of object of taxation, base for calculation of insurance contributions, insurance tariff rate and introduces a new one – earnings of the insured.

Federal Law No. 343-FZ of December 8, 2010 on the Amendments to the Federal Law on the Obligatory Social Insurance for the Cases of Temporary Disability and Maternity

The amendments pertain to the procedure of calculation of allowances in the above cases.

Federal Law No. 339-FZ of December 8, 2010 on the Amendments to the Federal Law on the Insurance Contributions to the Pension Fund of the Russian Federation, Social Insurance Fund of the Russian Federation, Federal Fund of Obligatory Medical Insurance and Territorial Funds of Obligatory Medical Insurance and Individual Legislative Acts of the Russian Federation

A number of payers enjoy reduced rates of insurance contributions in 2011-2014.

Federal Law No. 336-FZ of December 8, 2010 on the Amendments to Articles 10 and 20 of the Federal Law on Precious Metals and Precious Stones and Articles 6 and 13 of the Federal Law on the Fundamentals of State Regulation of Foreign Trade Activities

Refines the rules of import and export of precious metals and stones.

Federal Law No. 335-FZ of December 8, 2010 on the Amendments to Article 3 of the Law of the Russian Federation on the Customs Tariff

The Government of the Russian Federation is permitted to introduce the rates of export duties for individual goods using a special procedure.

Federal Law No. 331-FZ of December 8, 2010 on the Insurance Tariff Rates for Obligatory Social Insurance against Industrial Accidents and Occupational Diseases for the Year 2011 and for the Planned Period of 2012 and 2013

Specifies the above figures.

Federal Law No. 330-FZ of December 8, 2010 on the Ratification of the Protocol to the Agreement between the Government of the Russian Federation and the Government of the Chinese People's Republic on Cooperation in Construction on the Territory of the Chinese People's Republic of the Nuclear Power Station and the State Credit Granted by Russia to the Chinese People's Republic of December 18, 1992

Ratifies the above protocol.

Federal Law No. 329-FZ of December 8, 2010 on the Ratification of the Agreement between the Government of the Russian Federation and the Government of the Republic of South Ossetia on the Promotion and Mutual Protection of Capital Investments

Ratifies the above agreement.

Order of the Federal Service for Tariff Rates No. 259-e/5 of October 26, 2010 on the Amendments to the Formulas of Indexing of the Regulated Prices (Tariff Rates) for Electric Energy (Power) Applied in the Contracts for Purchase and Sale of Electric Energy (Power), Procedure of Their Application, As Well As the Procedure of Fixing of Planned and Actual Figures Used in the Mentioned Formulas Endorsed by the Order of the Federal Service for Tariff Rates No. 268-e/1 of October 30, 2009

Adjusts the above formulas.

Order of the Ministry of Mass Communication of the Russian Federation No. 107 of August 16, 2010 on the Endorsement of the Administrative Regulation of the Federal Service of Enforcement in the Area of Information Technologies and Mass Communication on the Use of the State Function of Processing of Appeals of Communication Operators on the Issues of Connection of Telecommunication Networks and Interaction of Communication Operators, Adoption of Decisions on Them and Issuance of Orders in Compliance with the Federal Law

A new regulation is endorsed pursuant to the reorganisation of the federal agencies.

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