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 6.02.2012

Decision of the Government of the Russian Federation No. 80 of February 3, 2012 on the Amendments to the Decision of the Government of the Russian Federation No. 54 of February 1, 2006

Amends the regulation on the state construction supervision in Russia.

Decision of the Government of the Russian Federation No. 74 of February 3, 2012 on the Rate of Export Customs Duty for Non-Alloyed Nickel Imported Outside the Member-States of the Customs Union Agreements

The rate is reduced from March 5, 2012.

Decision of the Government of the Russian Federation No. 69 of January 31, 2012 on the Licensing of Activities of Fire Extinguishing in Residential Settlements, Industrial Objects and Objects of Infrastructure, in Forests

Introduces a new such procedure.

Decision of the Government of the Russian Federation No. 44 of January 28, 2012 on the Procedure for Members of the Government of the Russian Federation and State Civil Servants to Participate in the Higher Management Bodies of State Corporations and State Companies

Specifies the above procedure.

Decision of the Government of the Russian Federation No. 39 of January 27, 2012 on the Suspension of Certain Acts of the Government of the Russian Federation on the Issues of Technical Regulation

The suspension pertains to low-voltage equipment.

Decision of the Government of the Russian Federation No. 38 of January 27, 2012 on the Endorsement of the Rules of Investing of Resources of Insurance Contributions to Finance the Accumulated Part of the Labour Pension Received in the Pension Fund of the Russian Federation During the Fiscal Year

The list of assets for investing is restricted to state securities and bank deposits in roubles only.

Decision of the Government of the Russian Federation No. 35 of January 27, 2012 on the Amendments to the Regulation on the Recognition of International Financial Reporting Standards and Explanations of International Financial Reporting Standards for Application on the Territory of the Russian Federation

Specifies the procedure for publication of the above standards in Russia.

Decision of the Government of the Russian Federation No. 32 of January 26, 2012 on the Rules of Declaring to Customs Bodies of Individual Categories of Goods Imported to the Russian Federation from the Territories of the Member-States of the Customs Union in the Framework of EurAsEC

Specifies the above rules.

Letter of the Federal Tax Service No. YeD-4-3/1500@ of February 1, 2012 on the Application of Item 9 of Article 346.29 of the Tax Code of the Russian Federation

Application of the uniform imputed-income tax in the cases of re-equipment of a shop into a warehouse.

Letter of the Federal Tax Service No. YeD-4-3/1495@ of February 1, 2012 on the Codes of Types of Excisable Goods for Class 4, Class 5 Automobile Gasoline and Diesel Fuel in the Cases of Filling of the Tax Declaration for Excise Duty Taxes for Excisable Goods Other Than Tobacco Items Presented for Operations Carried out from January 1, 2012

Provides explanations for the above cases.

Information of the Bank of Russia of February 3, 2012 on the Rate of Refinancing and the Interest Rates for Operations of the Bank of Russia

The rate of refinancing remains the same.

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