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 8.06.2011

Federal Law No. 132-FZ of June 7, 2011 on the Amendments to Article 95 of Part 1, Part 2 of the Tax Code of the Russian Federation Pertaining to the Forming of Favourable Taxation Conditions for Innovative Activities and Article 5 of the Federal Law on the Amendments to Part 2 of the Tax Code of the Russian Federation and Individual Legislative Acts of the Russian Federation

Development of innovations is promoted with tax measures.

Decision of the Government of the Russian Federation No. 441 of June 3, 2011 on the Amendments to Some Acts of the Government of the Russian Federation on the Issues of Import to the Territory of the Russian Federation of Medicines for Medical Application

Specifies the cases of import of medicines under permission of the Ministry of Public Health and Social Development of Russia without the license of the Ministry of the Industry and Trade.

Order of the Ministry of Transport of the Russian Federation No. 125 of April 27, 2011 on the Endorsement of the Procedure to Carry out Weight and Dimensions Control of Transport Vehicles, Including the Procedure to Arrange the Points of Weight and Dimensions Control of Transport Vehicles

Specifies the above procedures.

Order of the Federal Tax Service No. MMV-7-2/203@ of March 15, 2011 on the Endorsement of the Procedure to Submit to Banks Documents Used by Tax Bodies for the Implementation of Their Powers in Relations Regulated by the Legislation on Taxes and Fees and the Procedure for Banks to Provide Information to Requests of Tax Bodies in the Electronic Form over Telecommunication Channels (Registered in the Ministry of Justice of the Russian Federation on May 31, 2011, Registration No. 20900)

Specifies the above procedures.

Letter of the Federal Tax Service No. -4-2/8931@ of June 6, 2011 on the Processing of Applications for the Import of Goods and Payment of Indirect Taxes for the Goods Accepted for Registration before July 1, 2010

Specifies the above procedure.

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