Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 23.11.2011

Decision of the Government of the Russian Federation No. 957 of November 21, 2011 on the Organisation of Licensing of Individual Types of Activities

Specifies the federal bodies of executive power in charge of the licensing of particular types of activities.

Order of the Ministry of Transport of the Russian Federation No. 193 of July 21, 2011 on the Endorsement of the Administrative Regulation of the Federal Service for Supervision over Transport on the Execution of the State Function of Weight Control of Vehicles Engaged in Cargo Transportation

Specifies the deadlines and sequence of administrative actions in the above cases.

Order of the Federal Service for Tariff Rates No. 250 of November 14, 2011 on the Amendments to the Rules of Application of Prices (Tariff Rates), Determination of the Cost of Electric Energy (Power) Sold at Retail Markets at Regulated Prices (Tariff Rates), Payment for the Deviations of the Actual Volumes of Consumption of Electric Energy (Power) As Compared to the Contractual Ones, As Well As Reimbursement of Expenses Because of the Change of the Contractual Volume of Consumption of Electric Energy (Power) on the Territories Not Included in the Pricing Zones of the Wholesale Market Endorsed by the Order of the Federal Service for Tariff Rates No. 364-e/4 of November 30, 2010

The fines for underconsumption (overconsumption) of electric energy for major consumers will not be increased until 2013.

Letter of the Federal Tax Service No. YeD-4-3/19377 of November 21, 2011 on the Information Necessary for the Calculation of the Tax on Extraction of Mineral Recourses for Oil for October 2011

Reduces the above rate.

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