Windfall tax for major companies to be introduced in Russia

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Monitoring of the Federal Legislation dated 20.08.2012

Decision of the Government of the Russian Federation No. 825 of August 14, 2012 on the Procedure for Granting State Guarantees of the Russian Federation in 2012 for Credits or Bonded Loans Attracted by Legal Entities for the Purposes Specified by the Government of the Russian Federation in the Framework of Measures of Improvement of Economic Stability in the Cases of Impaired Situation at Financial Markets

Specifies a procedure for granting state anti-crisis guarantees.

Order of the Federal Service for Financial Markets No. 12-49/pz-n of June 28, 2012 on the Endorsement of the Methodology Recommendations for Calculation of the Amount Incomes or Losses Avoided As a Result of Illegal Use of Insider Information, As Well As the Amount of Reimbursement of Losses Incurred As a Result of Illegal Use of Insider Information

The parties having suffered from illegal use of insider information may demand reimbursement of losses.

Information Letter of the Federal Tax Service of August 17, 2012 "Calculation of the Tax Rate for the Tax on Extraction of Mineral Resources"

Increases the above rate for July.

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