Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 20.07.2011

Federal Law No. 246-FZ of July 19, 2011 on the Man-Made Land Plots Created on Federally Owned Water Objects and on the Amendments to Individual Legislative Acts of the Russian Federation

Provides a legislative basis for creation of man-made land plots.

Federal Law No. 244-FZ of July 18, 2011 on the Amendments to the Federal Law on the Assistance of Development of Housing Construction

The state supports construction of economy-class housing for employees of budget-supported organisations.

Federal Law No. 243-FZ of July 18, 2011 on the Amendments to the City Planning Code of the Russian Federation and Individual Legislative Acts of the Russian Federation

Permission for construction is not necessary now in the cases of capital repair.

Federal Law No. 242-FZ of July 18, 2011 on the Amendments to Individual Legislative Acts of the Russian Federation on the Issues of State Control (Enforcement) and Municipal Control

A permanent control may be introduces at hazardous objects.

Federal Law No. 238-FZ of July 18, 2011 on the Amendments to the Labour Code of the Russian Federation

Examines occupational risks and their management.

Federal Law No. 237-FZ of July 18, 2011 on the Amendments to the Code of Administrative Violations of the Russian Federation

Enhances administrative responsibility for violations in the area of technical regulation.

Federal Law No. 236-FZ of July 18, 2011 on the Amendments to Individual Legislative Acts of the Russian Federation Improving the Mechanism of Insurance of Export Credits and Investments against Entrepreneurial and Political Risks

A special joint-stock company is created to insure export credits and investments.

Federal Law No. 235-FZ of July 18, 2011 on the Amendments to Part 2 of the Tax Code of the Russian Federation Improving Taxation of Non-Commercial Organisations and Charitable Activities

Enhances tax incentives for charitable activities.

Federal Law No. 233-FZ of July 18, 2011 on the Ratification of the Treaty on the Appeals to the Court of the Eurasia Economic Community for Economic Subjects in Disputes in the Framework of the Customs Union and Particulars of Proceedings for Them

The treaty is expected to ensure a uniform application of international treaties concluded in the framework of the Customs Union.

Federal Law No. 231-FZ of July 18, 2011 on the Ratification of the Protocol on the Amendments to the Treaty on the Commission of the Customs Union of October 6, 2007

Ratifies the protocol on the new rules of entry into force of decisions of the Commission of the Customs Union.

Federal Law No. 228-FZ of July 18, 2011 on the Amendments to Individual Legislative Acts of the Russian Federation Revising the Methods of Protection of Rights of Creditors in the Cases of Reduction of the Registered Capital, Changing the Requirements to Economic Companies in the Cases of Incompliance of the Registered Capital with the Cost of Net Assets

Amendments to issues of legal regulation of activities of limited-liability and joint-stock companies.

Federal Law No. 227-FZ of July 18, 2011 on the Amendments to Individual Legislative Acts of the Russian Federation Improving the Principles of Determination of Prices for Taxation Purposes

Improves the mechanism of control of transfer prices.

Federal Law No. 224-FZ of July 18, 2011 on the Amendments to Articles 51 and 56 of the City Planning Code of the Russian Federation and Individual Legislative Acts of the Russian Federation

Permits an early termination of the permission for construction.

Federal Law No. 223-FZ of July 18, 2011 on the Purchase of Goods, Works, Services for Individual Types of Legal Entities

Procurement for state companies and natural monopolists becomes transparent and non-discriminatory.

Federal Law No. 222-FZ of July 18, 2011 on the Amendments to the Law of the Russian Federation on Subsoil Resources and Article 8.2 of the Federal Law on the Entry into Force of the Forestry Code of the Russian Federation

Refines the terms of use of land plots.

Federal Law No. 221-FZ of July 18, 2011 on the Amendments to Part 1 of Article 11 of the Federal Law on Transportation Safety

Forms a separate body to work out the joint state infromation system of transportation safety.

Federal Law No. 218-FZ of July 18, 2011 on the Amendments to the Federal Law on the State Regulation of Production and Circulation of Ethyl Alcohol, Alcoholic and Alcohol-Containing Products and Individual Legislative Acts of the Russian Federation and Invalidation of the Federal Law on Restrictions of Retail Sale and Consumption (Drinking) of Beer and Drinks Made on Its Basis

Beer and drinks made on its basis are included in alcoholic products.

Federal Law No. 217-FZ of July 18, 2011 on the Amendments to Article 6 of the Federal Law on the Additional Social Support for Individual Categories of Workers of Organisations of the Coal Industry

Contributions to the Pension Fund of Russia for pension supplements to workers of the coal industry are collected from all payments.

Federal Law No. 216-FZ of July 18, 2011 on the Amendments to Part 2 of the Civil Code of the Russian Federation

Revises the rules of the Civil Code of the Russian Federation on franchising.

Federal Law No. 215-FZ of July 18, 2011 on the Amendments to the City Planning Code of the Russian Federation and Individual Legislative Acts of the Russian Federation

Defines the notions of "reconstruction" and "capital repair".

Federal Law No. 214-FZ of July 18, 2011 on the Amendments to Articles 13 and 14 of the Federal Law on the Assistance of Development of Housing Construction and Individual Legislative Acts of the Russian Federation

Reduces the period of transfer of the powers of the Russian Federation in the management of land plots to regional authorities.

Order of the Federal Service for the Regulation of the Alcoholic Market No. 14n of July 1, 2011 on the Introduction from August 1, 2011 of the Minimum Price for Ethyl Alcohol from Edible Raw Materials

Reduces the minimum price for ethyl alcohol from edible raw materials to Rbl 28 per litre.

Letter of the Federal Tax Service No. YeD-4-3/11583@ of July 19, 2011 "Calculation of the Tax Rate for the Tax on Extraction of Mineral Resources"

The tax for oil for June 2011.

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