Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 10.02.2011

Order of the Ministry of Finance of the Russian Federation No. 167n of February 13, 2010 on the Endorsement of the Accounting Regulation "Estimated Liabilities, Contingent Liabilities and Contingent Assets" (PBU 8/2010)

Endorses the above regulation.

Order of the Ministry of Public Health and Social Development of the Russian Federation No. 1222n of December 28, 2010 on the Endorsement of the Rules of Wholesale Trade of Medicines for Medical Application

Specifies the above rules.

Order of the Ministry of Public Health and Social Development of the Russian Federation No. 1221n of December 28, 2010 on the Amendments to the Rules of Storage of Medicines Endorsed by the Order of the Ministry of Public Health and Social Development of the Russian Federation No. 706n of August 23, 2010

Adjusts the rules of storage of medicines.

Letter of the Federal Tax Service No. KE-4-3/1875@ of February 8, 2011 on the Codes of the Types of Excisable Goods for Cognac Alcohol and Drinks Made of Beer When Filling the Tax Declaration for Excise Duty Taxes for Excisable Goods, Except for Tobacco Items, Submitted for Operations Carried out Before January 1, 2011

From January 1, 2011, the list of excisable goods includes cognac alcohol.

Letter of the Federal Tax Service No. KE-4-3/1761@ of February 4, 2011 on the Codes of the Types of Excisable Goods for Automobile Gasoline, Diesel Fuel, Cognac Alcohol and Drinks Made of Beer When Filling the Tax Declaration for Indirect Taxes (VAT and Excise Duty Taxes) in the Cases of Import of Goods to the Territory of the Russian Federation from the Territories of the Member-States of the Customs Union Submitted for Operations, for the Import of Excisable Goods Carried out from January 1, 2011

From January 1, 2011, the rates of excise duty tax for automobile gasoline and diesel fuel are differentiated by classes of ecological safety.

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