Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 14.12.2010

Order of the Federal Service for the Regulation of the Alcoholic Market No. 61n of October 28, 2010 on the Fixing and Introduction from January 1, 2011 of the Minimum Prices for Cognac and on the Amendments to the Order of the Federal Service for the Regulation of the Alcoholic Market No. 29n of April 20, 2010

Introduces the minimum prices for cognac from January 1, 2011 making Rbl 152 for producers, Rbl 167 for suppliers and Rbl 193 for retail trade per 0.5 l bottle of the finished product.

Order of the Ministry of Public Health and Social Development of the Russian Federation No. 590n of August 2, 2010 on the Endorsement of the Special Requirements to the Storage Conditions for Narcotic Drugs and Psychotropic Substances Registered According to Available Procedure in the Russian Federation As Medicines for Medical Application in the Apothecary, Treatment and Prevention Institutions, Research, Educational Organisations and Organisations of the Wholesale Trade of Medicines

Specifies the above requirements.

Letter of the Federal Tax Service No. ShS-37-3/17401@ of December 13, 2010 on the Codes of the Types of Excisable Goods for Automobile Gasoline and Diesel Fuel When Filling in the Tax Declarations for Excisable Goods, Except for Tobacco Items, Submitted for Operations Carried out from January 1, 2011

From January 1, 2011, the rates of excise duty taxes for automobile gasoline and diesel fuel are differentiated by classes specified in the technical regulation.

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