Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 9.09.2011

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.

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