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 16.12.2010

Order of the Ministry of Finance of the Russian Federation No. 143n of November 8, 2010 on the Endorsement of the Accounting Regulation "Information by Segments" (PBU 12/2010)

The regulation specifies the rules of generation and presentation of information by segments in accounting reports of commercial organisations (other than credit organisations) being legal entities in compliance with the legislation of Russia.

Decision of the Commission of the Customs Union No. 507 of October 14, 2010 on the Adjustment of the Rates of the Joint Customs Tariff of the Customs Union for Individual Types of Agricultural Equipment

Increases the rates for the import to the Customs Union of continuous action elevators and conveyors for goods and materials (codes 8428 32 000 0, 8428 39 900 0).

Decision of the Commission of the Customs Union No. 506 of November 18, 2010 on the Amendments to the List of Goods Covered by Tariff Quotas from January 1, 2010, As Well As the Volumes of Tariff Quotas for the Import of These Goods to the Territories of the Republic of Belarus, Republic of Kazakhstan and the Russian Federation

Introduces tariff quotas for the import of meat of bovine animals to Belarus for 2010.

Decision of the Commission of the Customs Union No. 505 of November 18, 2010 on the List of Goods Covered by Tariff Quotas from January 1, 2011, As Well As the Volumes of Tariff Quotas for the Import of These Goods to the Territories of the Member-States of the Customs Union

The quotas apply to the meat of bovine animals, pork and trimming, meat and edible offal of poultry, etc.

Letter of the Federal Tax Service of Russia No. ShS-37-3/17821@ of December 16, 2010 on the Information Necessary for the Calculation of the Tax on Extraction of Mineral Resources for Oil for November 2010

Specifies the above information.

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