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 30.09.2011

Direction of the Central Bank of Russia No. 2678-U of August 26, 2011 on the Interest Rate for Credits Secured with Gold

The rate for such credits makes 7% annual from August 29, 2011

Direction of the Central Bank of Russia No. 2675-U of August 24, 2011 on the Amendments to the Regulation of the Bank of Russia No. 365-P of February 26, 2010 on the Procedure of Calculation and Collection of Payment for the Services of the Bank of Russia in the Payment Network of the Bank of Russia

Extends the list of services provided in the payment network.

Order of the Federal Tax Service No. MMV-7-8/470@ of July 28, 2011 on the Endorsement of the Forms of Documents Used by Tax Bodies When Implementing Article 77 of the Tax Code of the Russian Federation

Decision lifting arrest of property is conveyed to taxpayer within 5 working days.

Decision of the Commission of the Customs Union No. 738 of August 16, 2011 on the Adjustment of the Rate of Import Customs Duty of the Joint Customs Tariff of the Customs Union for Liquid-Filled Radiators

From September 1, 2011, the rate is fixed in the amount of EUR 5 a piece.

Decision of the Commission of the Customs Union No. 736 of August 16, 2011 on the Adjustment of the Rates of Import Customs Duties of the Joint Customs Tariff of the Customs Union for Elevators, Continuous-Action Conveyers and Mobile Barring

Increases the rates of import customs duties for some mining equipment.

Decision of the Commission of the Customs Union No. 735 of August 16, 2011 on the Adjustment of the Rate of Import Customs Duty of the Joint Customs Tariff of the Customs Union for Individual Types of Paper and Paperboard

Introduces for one year a 5% rate of import customs duty.

Decision of the Commission of the Customs Union No. 739 of August 16, 2011 on the Amendments to the Joint Commodity Nomenclature of Foreign Economic Activities of the Customs Union and the Joint Customs Tariff of the Customs Union for Individual Types of Drilling Machines

Increases the rate of the import customs duty for drilling machines for drilling depths greater than 200 m.

Decision of the Commission of the Customs Union No. 740 of August 16, 2011 on the Amendments to the Joint Commodity Nomenclature of Foreign Economic Activities of the Customs Union and the Joint Customs Tariff of the Customs Union for Cobalt Powders

Introduces new codes and rates of duty.

Decision of the Commission of the Customs Union No. 741 of August 16, 2011 on the Amendments to the Joint Commodity Nomenclature of Foreign Economic Activities of the Customs Union and the Joint Customs Tariff of the Customs Union for Some Types of Communication Equipment

Refines appropriate headings of the Joint Commodity Nomenclature of Foreign Economic Activities of the Customs Union and the Joint Customs Tariff of the Customs Union.

Decision of the Commission of the Customs Union No. 742 of August 16, 2011 on the Amendments to the Joint Commodity Nomenclature of Foreign Economic Activities of the Customs Union and the Joint Customs Tariff of the Customs Union for Carnallite

Carnallite will be imported using the zero duty rate.

Decision of the Commission of the Customs Union No. 759 of August 16, 2011 on the Amendments to the Joint Commodity Nomenclature of Foreign Economic Activities of the Customs Union and the Joint Customs Tariff of the Customs Union for Bending, Folding, Straightening Machines, Including the Digital Control Presses, for Treating Sheet Material

Refines appropriate headings of the Joint Commodity Nomenclature of Foreign Economic Activities of the Customs Union and the Joint Customs Tariff of the Customs Union.

Decision of the Commission of the Customs Union No. 760 of August 16, 2011 on the Amendments to the Joint Commodity Nomenclature of Foreign Economic Activities of the Customs Union and the Joint Customs Tariff of the Customs Union for Digital Motion Picture Projectors with the Output Resolution of 2048x1080 Pixels and More for Public Demonstration

The rate of the import customs duty for motion picture projectors is reduced to zero.

Decision of the Commission of the Customs Union No. 761 of August 16, 2011 on the Adjustment of the Rate of Import Customs Duty of the Joint Customs Tariff of the Customs Union for Track-Laying Tractors for Laying Pistes

The rate of the import customs duty is reduced to zero.

Decision of the Commission of the Customs Union No. 762 of August 16, 2011 on the Amendments to the Joint Commodity Nomenclature of Foreign Economic Activities of the Customs Union and the Joint Customs Tariff of the Customs Union for Rolled Stock at Least 215 mm in Width Containing at Least 3.5% But Not More Than 9.5% of Nickel

Adjusts appropriate headings of the Joint Commodity Nomenclature of Foreign Economic Activities of the Customs Union and the Joint Customs Tariff of the Customs Union.

Decision of the Commission of the Customs Union No. 763 of August 16, 2011 on the Adjustment of the Rates of the Joint Customs Tariff of the Customs Union for Individual Types of Agricultural Equipment

Adjusts the rates of import customs duties for individual types of agricultural equipment.

Decision of the Commission of the Customs Union No. 764 of August 16, 2011 on the Adjustment of the Rates of Import Customs Duties of the Joint Customs Tariff of the Customs Union for Individual Types of Concentrates and Mash for Making Juices

The rates of import customs duties for individual types of concentrates and mash for making juices are reduced to zero on the temporary basis.

Decision of the Commission of the Customs Union No. 765 of August 16, 2011 on the Amendments to the Joint Commodity Nomenclature of Foreign Economic Activities of the Customs Union and the Joint Customs Tariff of the Customs Union for Aluminium Foil Less Than 0.021 mm Thick

Refines classification of aluminium foil.

Decision of the Commission of the Customs Union No. 766 of August 16, 2011 on the Report of the Results of Processing of Disputes of Tariff and Customs Regulation for Individual Types of Agricultural Equipment and Adjustment of the Rates of the Joint Customs Tariff of the Customs Union for Individual Types of Agricultural Equipment

Increases import customs duties for individual types of agricultural equipment.

Decision of the Commission of the Customs Union No. 737 of August 16, 2011 on the Amendments to the Joint Commodity Nomenclature of Foreign Economic Activities of the Customs Union and the Joint Customs Tariff of the Customs Union for Trunks, Cases, Portfolios Outfitted with Devices Destroying the Content by Dyeing

Reduces to zero the rate of the import customs duty for special cases for carrying values.

Information Letter of the Federal Service for Financial Markets of September 2, 2011 on the Recommendations on the Working out of the Document Regulating Qualification Examinations for Specialists of the Financial Market

The test is not permitted without the document of the passing of the basic examination in the previous five years.

Order of the Federal Tax Service No. MMV-7-2/438@ of July 13, 2011 on the Amendments to the Order of the Federal Tax Service of Russia No. SAE-3-06/829@ of December 5, 2006

The banks must present certificates of available accounts, excerpts from operations on accounts in the pertinent cases within 3 days.

Decision of the Government of the Russian Federation No. 732 of September 5, 2011 on the Amendments to the Regulation on the Form of the Visa, Procedure and Terms of Its Drawing up and Issuance, Prolongation, Restoration in the Case of Loss, As Well As Revocation

Skilled specialists and members of their families will get their employment visas as multiple entry ones.

Decision of the Government of the Russian Federation No. 731 of September 5, 2011 on the Endorsement of the List of Organisations Entitled to Train the Rules of Safe Handling of Arms and to Check the Knowledge of Such Rules and Presence of Pertinent Skills

Endorses the above list.

Decision of the Government of the Russian Federation No. 724 of August 31, 2011 on the Amendments to the Decision of the Government of the Russian Federation No. 863 of December 28, 2004

Refines the rates of customs duties for the carried out customs operations.

Decision of the Higher Arbitration Court of the Russian Federation No. 7889/11 of September 6, 2011

Specifies the typical managerial documents that must be preserved by commercial organisations.

Letter of the Federal Tax Service No. YeD-4-3/14566@ of September 7, 2011 on Individual Issues of the Transient Period

Extends the grounds for application of the zero VAT rate and changes the procedure of confirmation of the rights for tax reimbursement.

Decision of the Government of the Russian Federation No. 748 of September 7, 2011 on the Amendments to the Technical Regulation on the Requirements to the Automobile and Aircraft Gasoline, Diesel and Ship Fuel, Fuel for Jet Engines and Furnace Oil and on Some Issues of Upgrading of Oil Processing Capacities

Shifts introduction of new ecological classes of gasoline and diesel fuel to later periods.

Decision of the Government of the Russian Federation No. 757 of September 7, 2011 on the Amendments to the Rules of Passenger and Cargo Transportation by the Highway and Urban Land Electric Transport

A personal identification document is required in the cases of use of personal tickets.

Order of the Ministry of Transport of the Russian Federation No. 210 of August 12, 2011 on the Amendments to the Order of the Ministry of Transport of the Russian Federation No. 286 of December 21, 2010

Shifts introduction of new rules of operation of railroads to the next summer.

Decision of the Higher Arbitration Court of the Russian Federation No. VAS-8269/11 of August 18, 2011

Examines the forming of the wholesale prices for gas.

Decision of the Higher Arbitration Court of the Russian Federation No. VAS-9742/11 of August 12, 2011

Examines the rules of technological connection to electric power supply networks.

Decision of the Higher Arbitration Court of the Russian Federation No. VAS-7518/11 of August 22, 2011

Industrial water is included in the goods tariff rates for which are subject to state regulation.

Draft Decision of the Plenum of the Higher Arbitration Court of the Russian Federation on Some Issues of Application by Arbitration Courts of Part 1 of the Tax Code of the Russian Federation

The changes it the tax legislation require new explanations.

Letter of the Federal Tax Service No. YeD-4-3/14453@ of September 6, 2011 on the Procedure of Registration for Taxation Purposes of Expenses of Certification of Workplaces and Compensation Payments

Examines the issues of taxation pertaining to expenses of certification of workplaces and payments to employees working in adverse and hazardous conditions.

Order of the Federal Service for Financial Markets No. 11-35/pz-n of July 28, 2011 on the Endorsement of the List of Organisations Where Russian Depositaries May Open Accounts to Register Rights for Foreign Securities to Issue Russian Depositary Receipts

Updates the list of such organisations.

Information of the Central Bank of Russia of September 14, 2011

The rate of refinancing is not changed.

Decision of the Government of the Russian Federation No. 766 of September 12, 2011 on the Permission for Operation for State Air Vessels

Endorses the rules of operation of state air vessels.

Decision of the Government of the Russian Federation No. 759 of September 8, 2011 on the Amendments to the Decision of the Government of the Russian Federation No. 1088 of December 25, 2009

Endorses a new regulation on the state automatic information system Upravleniye (Management).

Decision of the Government of the Russian Federation No. 769 of September 12, 2011 on the Amendments to Some Acts of the Government of the Russian Federation on Transport Issues

Specifies the rules of installation of tachographs on vehicles and eliminates the powers of the Ministry of Transport to specify the particulars of creation of non-state organisations of pilots.

Order of the Ministry of Internal Affairs of the Russian Federation No. 940 of August 15, 2011 on the Endorsement of the Typical Requirements to the Content of Examination Tickets of the Qualification Examination for Private Guards

Endorses the above requirements.

Decree of the President of the Russian Federation No. 1206 of September 19, 2011 on the Endorsement of the Regulation on the Federal Service for the Defence Order

Endorses a new such regulation.

Decision of the Government of the Russian Federation No. 779 of September 15, 2011 on the Amendments to the Regulation on the Ministry of Economic Development of the Russian Federation

Specifies the powers of the Ministry of Economic Development of Russia in the area of technical inspection of vehicles.

Decision of the Government of the Russian Federation No. 781 of September 15, 2011 on the Amendments to the Regulation on the Patent and Other Duties for Committing Legally Significant Actions Pertaining to the Patent for Invention, Useful Model, Industrial Prototype, to the State Registration and Granting of Exclusive Right for the Name of the Place of Origin of Goods, As Well As the State Registration of the Transfer of Exclusive Rights to Other Parties and Contracts for Disposal of These Rights

The amendments are stipulated by Russia's accession to WTO.

Order of the Ministry of Transport of the Russian Federation No. 179 of July 4, 2011 on the Endorsement of the Procedure of Issuance of the Special Permission for the Travel over Highways of the Transport Vehicle Carrying Hazardous Cargo

A special permission is necessary for transportation of hazardous cargo.

Letter of the Federal Tax Service No. AS-4-3/15262 of September 19, 2011 on the Information Necessary for the Calculation of the Tax on Extraction of Mineral Resources for Oil for August 2011

Reduces the rate of the tax on extraction of mineral resources for oil.

Order of the Ministry of Economic Development of the Russian Federation No. 402 of August 17, 2011 on the Amendments to the Procedure of Inclusion in the State Cadastre of Immovable Property of Information on the Earlier Registered Objects of Immovable Property Endorsed by the Order of the Ministry of Economic Development of Russia No. 1 of January 11, 2011

Refines the above procedure.

Direction of the Central Bank of Russia No. 2687-U of September 14, 2011 on Interest Rates for Credits Secured with Assets or Guarantees

Reduces the rates for the above credits.

Direction of the Central Bank of Russia No. 2690-U of September 14, 2011 on the Interest Rate for Credits Secured with Gold

Reduces the rate for the above credits.

Direction of the Central Bank of Russia No. 2677-U of August 26, 2011 on the Amount of Payment for the Right of Use of Intraday Credits of the Bank of Russia

The amount of payment for the right of use of intraday credits is not changed, making zero.

Direction of the Central Bank of Russia No. 2689-U of September 14, 2011 on the Interest Rates for Lombard Credits of the Bank of Russia

The rates for lombard credits of the Central Bank of Russia are reduced by 0.25 percentage points.

Direction of the Central Bank of Russia No. 2688-U of September 14, 2011 on the Interest Rates for Deposit Operations of the Bank of Russia

The fixed rates for deposit operations of the Bank of Russia are increased by 0.25 percentage points from mid-September.

Decision of the Government of the Russian Federation No. 782 of September 23, 2011 on the Endorsement of the Rates of Export Customs Duties for Raw Oil and Individual Categories of Goods of Oil Exported Outside the Territory of the Russian Federation and the Territories of the Member-States of the Customs Union

Reduces the above rates.

Letter of the Federal Tax Service No. YeD-4-3/15639@ of September 23, 2011 on the Procedure of Release of Ethyl Alcohol to Organisations Producing Non-Excisable Alcohol-Containing Products and Alcohol-Containing Products in Metal Spray Containers

A new procedure of application of excise duty tax in the above cases is in effect from July 1, 2011.

Letter of the Federal Tax Service No. AS-4-2/15264@ of September 19, 2011 on the Entry of KPP Information of Russian Exporters in Applications for the Import of Goods and Payment of Indirect Taxes

Provides explanations on the above issue.

Letter of the Federal Tax Service No. YeD-4-3/15122@ of September 16, 2011 on the Procedure of Filling of the Tax Declaration for the Profit Tax from Organisations

Provides explanations on the above issue.

Order of the Ministry of Public Health and Social Development of the Russian Federation No. 808n of July 25, 2011 on the Procedure for Medical and Pharmacy Workers to Obtain Qualification Categories

Introduces a new such procedure.

Order of the Ministry of Natural Resources and Ecology of Russia No. 658 of August 1, 2011 on the Endorsement of Charges for Calculation of Damage Incurred on the Objects of Flora Included in the Red Book of the Russian Federation and Their Habitat Because of Violation of the Legislation in the Area of Protection of the Environment and Use of Natural Resources

Introduces new rates for calculation of damage.

Order of the Federal Tax Service No. MMV-7-2/457@ of July 21, 2011 on the Amendments to the Requirements to the Drawing up of the Act of Tax Check Endorsed by the Order of the Federal Tax Service No. SAE-3-06/892@ of December 25, 2006

The requirements to the act of tax check are being brought in compliance with the Tax Code of the Russian Federation.

Order of the Federal Tax Service No. MMV-7-2/457@ of July 21, 2011 on the Amendments to the Requirements to the Drawing up of the Act of Tax Check Endorsed by the Order of the Federal Tax Service No. SAE-3-06/892@ of December 25, 2006

The requirements to the act of tax check are being brought in compliance with the Tax Code of the Russian Federation.

Order of the Ministry of Natural Resources and Ecology of Russia No. 658 of August 1, 2011 on the Endorsement of Charges for Calculation of Damage Incurred on the Objects of Flora Included in the Red Book of the Russian Federation and Their Habitat Because of Violation of the Legislation in the Area of Protection of the Environment and Use of Natural Resources

Introduces new rates for calculation of damage.

Order of the Ministry of Public Health and Social Development of the Russian Federation No. 808n of July 25, 2011 on the Procedure for Medical and Pharmacy Workers to Obtain Qualification Categories

Introduces a new such procedure.

Direction of the Central Bank of Russia No. 2693-U of September 14, 2011 on the Procedure for Operators of Transfer of Monetary Resources Being Credit Organisations to Control Activities of Bank Pay Agents

Specifies the above procedure.

Direction of the Central Bank of Russia No. 2694-U of September 14, 2011 on the Procedure for the Operator of Electronic Monetary Resources to Notify the Bank of Russia of the Beginning of Activities of Transfer of Electronic Monetary Resources

Specifies the above procedure.

Direction of the Central Bank of Russia No. 2702-U of September 15, 2011 on the Amendments to the Direction of the Bank of Russia No. 1807-U of March 27, 2007 on the Procedure for the Bank of Russia to Adopt a Decision on the State Registration of Amendments Introduced to the Bank Constituent Documents and Issuance of License for Bank Operations Pursuant to the Bank's Request to Change Its Status to Obtains the Status of a Non-Bank Credit Organisation

Specifies the procedure of obtaining of a new license.

Instruction of the Central Bank of Russia No. 137-I of September 15, 2011 on the Obligatory Normatives for Non-Bank Credit Organisations Permitted to Transfer Monetary Resources without the Opening of Bank Accounts and Carry out Other Related Bank Operations and on the Particulars of Enforcement of Their Observance for the Bank of Russia

Introduces obligatory normatives for non-bank credit organisations.

Direction of the Central Bank of Russia No. 2699-U of September 15, 2011 on the Replacement of the License for Bank Operations of the Credit Organisation by the Bank of Russia in View of the Changing of the Names of Individual Banks Operations in Compliance with the Federal Law No. 162-FZ of June 27, 2011 on the Amendments to Individual Legislative Acts of the Russian Federation Pursuant to the Adoption of the Federal Law on the National Payment System

Credit organisations must have their licenses replaced.

Letter of the Federal Tax Service No. YeD-4-3/15927@ of September 28, 2011 on the Application of the Adjustment Invoice

Permits the use of adjustment invoices in the cases of change of the cost of released goods (carried out works, rendered services, transferred property rights).

Decision of the Government of the Russian Federation No. 790 of September 27, 2011 on the Amendments to the Decision of the Government of the Russian Federation No. 637 of October 30, 2006

Public transport vehicles carrying more than 8 passengers must be outfit with GLONASS/GPS equipment.

Decision of the Commission of the Customs Union No. 790 of September 23, 2011 on the Amendments to the Joint Commodity Nomenclature of Foreign Economic Activities of the Customs Union and the Joint Customs Tariff of the Customs Union for Metal Gaskets for Use in Internal Combustion Engines

Introduces a new code of the Commodity Nomenclature.

Decision of the Commission of the Customs Union No. 791 of September 23, 2011 on the Adjustment of the Rate of Import Customs Duty of the Joint Customs Tariff of the Customs Union for Individual Types of Electric Lead Accumulators Used for Starting Piston Engines

Specifies the above rate.

Decision of the Commission of the Customs Union No. 792 of September 23, 2011 on the Amendments to the List of Goods and Rates Different from the Rates of the Joint Customs Tariff of the Customs Union in the Republic of Kazakhstan in the Transient Period

Adjusts the list of goods and rates used in the Republic of Kazakhstan in the transient period.

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